Pivotal Research Believes Tilly’s Inc (TLYS) Won’t Stop Here


In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Tilly’s Inc (NYSE: TLYS), with a price target of $21. The company’s shares closed yesterday at $18, close to its 52-week high of $18.06.

Kummetz observed:

“We are raising our 3Q SSS/EPS estimates from 2.0%/$0.22 to 5.0%/$0.24; consensus was 1.1%/$0.21.”

According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 2.3% and a 56.3% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tilly’s Inc with a $19 average price target, implying a 5.6% upside from current levels. In a report issued on August 27, B.Riley FBR also maintained a Buy rating on the stock with a $17 price target.

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Tilly’s Inc’s market cap is currently $524.6M and has a P/E ratio of 32.73. The company has a Price to Book ratio of 3.20.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Michael Henry, the CFO of TLYS sold 36,250 shares for a total of $535,775.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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