In a report released today, Jeff Van Sinderen from B.Riley FBR maintained a Buy rating on Tilly’s Inc (TLYS), with a price target of $18. The company’s shares closed on Friday at $11.07, close to its 52-week low of $9.40.
Van Sinderen wrote:
“TLYS reports 1Q results AMC 5/29. We anticipate overall 1Q performance that is roughly in- line. Although the quarter started slowly, it was up against the easiest compare of FY19 and we believe that it ended better than it started. Recall that traffic was down QTD as of mid- March amid the Easter shift and unusually cold weather, while the company expected flattish traffic by end of 1Q. Store comps were negative in all markets QTD in mid-March while E-comm was up 25%. In April, our checks suggest that traffic (and presumably comps) spiked around the Easter Holiday and easy compare to the same weeks LY . Regarding categories, we have not noticed any dominate trend in women’s to accelerate that category, which was positive 4Q (easy compare to negative for most of LY).”
According to TipRanks.com, Sinderen ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.0% and a 41.7% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings Inc, and Chromadex Corp.
Currently, the analyst consensus on Tilly’s Inc is a Moderate Buy with an average price target of $16.
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Tilly’s Inc’s market cap is currently $326.4M and has a P/E ratio of 13.20. The company has a Price to Book ratio of 2.00.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.
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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.
