Pivotal Research Thinks Tilly’s Inc’s Stock is Going to Recover


In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Tilly’s Inc (TLYS), with a price target of $12. The company’s shares closed yesterday at $10.13, close to its 52-week low of $9.40.

Kummetz said:

“We don’t know if 2Q will rebound in a similar manner, but the June weather forecast is hopeful, especially out West.”

According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 1.8% and a 54.4% 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 $15, representing a 48.1% upside. In a report issued on May 20, B.Riley FBR also maintained a Buy rating on the stock with a $18 price target.

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Based on Tilly’s Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $8.68 million. In comparison, last year the company had a net profit of $1.22 million.

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.

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