Key Points
- Director Mei Kanayama purchased 1,396,755 Tokyo Lifestyle shares at an average price of $0.27, investing approximately $377,124 and increasing her stake by 19.36% to 8.61 million shares.
- TKLF shares opened at $1.50, near their 52-week low of $1.43 and below their 50-day and 200-day moving averages of $1.80 and $2.02, respectively.
- Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell (d),” while the company’s sole tracked equity analyst also rates it Sell.
Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF - Get Free Report) Director Mei Kanayama bought 1,396,755 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average price of $0.27 per share, with a total value of $377,123.85. Following the transaction, the director owned 8,613,191 shares of the company's stock, valued at $2,325,561.57. The trade was a 19.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Mei Kanayama also recently made the following trade(s):
- On Tuesday, August 25th, Mei Kanayama purchased 7,000 shares of Tokyo Lifestyle stock. The stock was bought at an average price of $1.80 per share, for a total transaction of $12,600.00.
- On Monday, August 24th, Mei Kanayama purchased 2,800 shares of Tokyo Lifestyle stock. The stock was bought at an average price of $1.80 per share, for a total transaction of $5,040.00.
Tokyo Lifestyle Stock Performance
Shares of TKLF stock opened at $1.50 on Friday. The company's fifty day simple moving average is $1.80 and its two-hundred day simple moving average is $2.02. Tokyo Lifestyle Co., Ltd. has a 52 week low of $1.43 and a 52 week high of $3.91. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 0.28.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Tokyo Lifestyle from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Sell".
View Our Latest Analysis on Tokyo Lifestyle
Tokyo Lifestyle Company Profile
(
Get Free Report)
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.
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