Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Tilly’s Inc (TLYS) today and set a price target of $14. The company’s shares closed on Friday at $11.43, close to its 52-week low of $9.40.
Kummetz observed:
“We’d be surprised if TLYS doesn’t at least achieve the high end of its 4Q18 SSS/EPS guidance. The company will also provide 1Q19 guidance, and, while we believe the quarter is off to a slow start, as California traffic has been negatively impacted by unfavorable weather, some of this weakness should be offset by robust e- commerce sales. That said, 1Q19 consensus SSS/EPS looks a little high. Lastly, TLYS is a cheap stock, the cheapest it’s been, relative to its peer group, in over three years.”
According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 4.9% and a 62.5% 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 $14 average price target.
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The company has a one-year high of $23.48 and a one-year low of $9.40. Currently, Tilly’s Inc has an average volume of 405.2K.
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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.
