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 $14. The company’s shares closed last Monday at $8.27, close to its 52-week low of $7.62.
Van Sinderen noted:
“Tilly’s (TLYS) reports 2Q results AMC 8/28. We remind that 2Q was off to a rough start as unusually cold/wet weather impacted many regions, including California, which has a disproportionate impact on the entire chain. QTD comps were -6.6% at the end of May with traffic down by roughly the same. E-comm likely outperformed stores impacted by slow traffic, as comps for e-comm and stores were up hsd and down hsd, respectively, at the end of May. Quarterly SSS comparisons got more challenging starting in 2Q and promotional/discounting activity in the broader space was fairly robust. Although comps are probably on the softer end, we expect that 2Q ended roughly in line with guidance after weather improved in time for the beginning of BTS in 2H of 2Q.”
According to TipRanks.com, Sinderen has 0 stars on 0-5 star ranking scale with an average return of -4.8% and a 38.6% 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 $12.25, representing a 38.9% upside. In a report issued on August 23, Pivotal Research also reiterated a Buy rating on the stock with a $10.50 price target.
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Based on Tilly’s Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $677K. In comparison, last year the company had a net profit of $9.69 million.
Based on the recent corporate insider activity of 19 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.
