Tokyo Lifestyle (NASDAQ:TKLF) Director Buys 1,396,755 Shares of Stock

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) Director Mei Kanayama purchased 1,396,755 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average cost of $0.27 per share, for a total transaction of $377,123.85. Following the completion of the acquisition, the director directly owned 8,613,191 shares in the company, valued at $2,325,561.57. The trade was a 19.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mei Kanayama also recently made the following trade(s):

• On Tuesday, August 25th, Mei Kanayama bought 7,000 shares of Tokyo Lifestyle stock. The stock was purchased at an average cost of $1.80 per share, with a total value of $12,600.00.
• On Monday, August 24th, Mei Kanayama bought 2,800 shares of Tokyo Lifestyle stock. The stock was purchased at an average price of $1.80 per share, with a total value of $5,040.00.

Tokyo Lifestyle Stock Performance

Shares of TKLF stock traded down $0.02 during mid-day trading on Thursday, reaching $1.50. 17,099 shares of the stock traded hands, compared to its average volume of 84,392. The stock’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $2.03. Tokyo Lifestyle Co., Ltd. has a 1-year low of $1.43 and a 1-year high of $3.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.30.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Tokyo Lifestyle from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Tokyo Lifestyle

Tokyo Lifestyle Co, Ltd. (NASDAQ: TKLF) is a Japan-based retailer specializing in beauty and lifestyle products. The company sells cosmetics, skincare and hair-care products, fragrances, health and wellness items, household goods, and selected food and beverage products.

Through retail stores and online channels, Tokyo Lifestyle serves consumers primarily in Japan. Its business includes the operation of stores under its own retail formats, as well as e-commerce activities designed to make Japanese beauty and lifestyle products available to customers through digital platforms.

The company was formerly known as Yoshitsu Co, Ltd.