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


Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Tilly’s Inc (NYSE: TLYS) today and set a price target of $20. The company’s shares closed on Friday at $17.29, close to its 52-week high of $17.99.

Kummetz wrote:

“We’re modeling 2Q18 at the high end of guidance. We’re optimistic that TLYS had a strong 2Q, especially B2S, driven by trend-right apparel and footwear assortments that not only drove SSS growth but also led to fixed cost leverage and product margin expansion. Moreover, while losing a week of B2S selling in 3Q is a bad optic for the out quarter, that’s already in the numbers, and we remain optimistic on the company’s ability to comp the comp in the back half, especially as it laps easy digital comparisons.”

According to TipRanks.com, Kummetz is a 2-star analyst with an average return of 0.6% and a 57.1% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

Tilly’s Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

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Tilly’s Inc’s market cap is currently $503.9M and has a P/E ratio of 31.44. The company has a Price to Book ratio of 3.08.

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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