B.Riley FBR analyst Jeff Van Sinderen reiterated a Buy rating on Tilly’s Inc (NYSE: TLYS) today and set a price target of $17. The company’s shares opened today at $13.50.
Van Sinderen wrote:
“Tilly’s (TLYS) reported 1Q results AMC on 5/30. Consolidated comps were marginally positive, as a store comp increase of 1.2% (sixth consecutive quarter of store traffic growth) was offset by e-comm comps down 7.2% as the company continued to correct processing complications that began LY with a glitch in the upgraded omni-channel software system. E- comm improved sequentially, with comps of –10.2%, –6.5%, and –5.5% in April, respectively, followed by positive LSD comps to date in May. Girls, footwear, men’s and boys’ comped positive and were offset by negative LSD comps in women’s and accessories. Girls performed well, except for dresses. Branded drove positive comps in footwear, men’s, and boys.”
According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -1.6% and a 47.4% success rate. Sinderen covers the Services sector, focusing on stocks such as Kirkland’s, Zumiez Inc, and JC Penney.
Tilly’s Inc has an analyst consensus of Moderate Buy, with a price target consensus of $17.
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Based on Tilly’s Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $1.22 million. In comparison, last year the company had a GAAP net loss of $161K.
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Tilly’s, Inc. engages in the retail of casual apparel, footwear, and accessories. Its stores are located in malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA.
