Insider Buying: Tokyo Lifestyle (NASDAQ:TKLF) Director Acquires 1,396,755 Shares of Stock

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) Director Mei Kanayama acquired 1,396,755 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were purchased at an average price of $0.27 per share, with a total value of $377,123.85. Following the completion of the transaction, the director owned 8,613,191 shares of the company’s stock, valued at $2,325,561.57. This trade represents a 19.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, August 25th, Mei Kanayama bought 7,000 shares of Tokyo Lifestyle stock. The shares were 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, for a total transaction of $5,040.00.

Tokyo Lifestyle Stock Performance

TKLF traded down $0.02 during trading on Thursday, reaching $1.50. 17,099 shares of the stock traded hands, compared to its average volume of 84,392. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.30. The stock’s 50-day moving average is $1.81 and its 200 day moving average is $2.03. Tokyo Lifestyle Co., Ltd. has a 12 month low of $1.43 and a 12 month high of $3.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Tokyo Lifestyle from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus 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.