Tilly’s, Inc. (NYSE:TLYS – Get Free Report) major shareholder Fund 1 Investments, Llc sold 1,644,255 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $4.49, for a total transaction of $7,382,704.95. Following the completion of the sale, the insider directly owned 6,414,013 shares of the company’s stock, valued at $28,798,918.37. The trade was a 20.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Fund 1 Investments, Llc also recently made the following trade(s):
- On Tuesday, September 8th, Fund 1 Investments, Llc sold 179,970 shares of Tilly’s stock. The shares were sold at an average price of $4.17, for a total transaction of $750,474.90.
- On Friday, September 4th, Fund 1 Investments, Llc sold 432,110 shares of Tilly’s stock. The shares were sold at an average price of $4.49, for a total transaction of $1,940,173.90.
Tilly’s Stock Performance
Shares of NYSE:TLYS traded down $0.24 during midday trading on Tuesday, hitting $4.16. 1,131,960 shares of the company’s stock traded hands, compared to its average volume of 757,430. The firm’s fifty day moving average price is $4.00 and its two-hundred day moving average price is $3.90. Tilly’s, Inc. has a twelve month low of $1.14 and a twelve month high of $6.25. The company has a market cap of $126.74 million, a PE ratio of 69.30 and a beta of 0.13.
Wall Street Analysts Forecast Growth
TLYS has been the subject of a number of analyst reports. Roth Capital restated a “neutral” rating and issued a $5.50 price target on shares of Tilly’s in a report on Monday, June 8th. Wall Street Zen raised shares of Tilly’s from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of Tilly’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tilly’s in a report on Monday, June 15th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tilly’s currently has a consensus rating of “Reduce” and a consensus price target of $5.50.
Get Our Latest Report on Tilly’s
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of Tilly’s by 128.3% in the 1st quarter. Bank of America Corp DE now owns 11,732 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 6,593 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Tilly’s during the second quarter worth approximately $27,000. Hillsdale Investment Management Inc. bought a new stake in shares of Tilly’s in the first quarter worth $94,000. Corient Private Wealth LLC bought a new stake in shares of Tilly’s in the second quarter worth $48,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in Tilly’s in the third quarter valued at $82,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.
Tilly’s Company Profile
Tilly’s, Inc is an American specialty retailer of casual apparel, footwear, accessories and hardgoods. Founded in 1982 by Hezy Shaked and Tilly Levine, the company has grown from a single denim and tops store in Garden Grove, California, to a nationwide retail chain. Headquartered in Irvine, California, Tilly’s serves a youth-oriented market with an emphasis on surf, skate and streetwear brands.
The company’s merchandise assortment includes products from leading lifestyle brands such as Vans, Nike, Billabong and Quiksilver, alongside its own private-label offerings.
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