Roth Capital Maintains Buy On Tilly’s Shares, Raises PT To $10
In a research report issued today, Roth Capital analyst Dave King maintained a Buy rating on Tilly’s (NYSE:TLYS) and raised his price target to $10.00 (from $9).
King observed, “Fundamentals Turning The Corner 2Q14 results met expectations, while 3Q14 EPS guidance fell short due to higher-than-expected costs and reduced operating leverage. Management noted improving sales trends throughout the quarter and so far into 3Q14, but conservatively guided to continued comp declines to reflect prior years’ off-peak drop-offs in traffic. TLYS’ discount to teen retail peers seems unwarranted considering its strong balance sheet, better store growth outlook, focus on profitability, and now potentially improving fundamental trends.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of 7.7% and a 58.6% success rate. Dave has a -3.0% average return when recommending TLYS, and is ranked #964 out of 3249 analysts.