Pivotal Research analyst Mitch Kummetz reiterated a Buy rating on Tilly’s Inc (TLYS) today and set a price target of $12. The company’s shares closed last Monday at $8.72, close to its 52-week low of $7.62.
Kummetz commented:
“We calculate that ~40% of 3Q19 is in the books, so TLYS appears well on its way towards comping at the higher end of its range for the quarter.”
According to TipRanks.com, Kummetz is a 3-star analyst with an average return of 2.1% and a 54.1% 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 $13.50, a 54.8% upside from current levels. In a report issued on August 26, B.Riley FBR also maintained a Buy rating on the stock with a $14 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.