Pivotal Research Sticks to Their Buy Rating for Tilly’s (TLYS)

By Ryan Adsit

In a report released today, Mitch Kummetz from Pivotal Research reiterated a Buy rating on Tilly’s (TLYSResearch Report), with a price target of $13.00. The company’s shares closed last Monday at $9.92.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 7.0% and a 61.9% success rate. Kummetz covers the Services sector, focusing on stocks such as Shoe Carnival, Foot Locker, and Boot Barn.

Currently, the analyst consensus on Tilly’s is a Moderate Buy with an average price target of $14.00, implying a 42.0% upside from current levels. In a report issued on November 21, B.Riley FBR also maintained a Buy rating on the stock with a $15.00 price target.

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Based on Tilly’s’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $9.28 million. In comparison, last year the company had a net profit of $5.36 million.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TLYS in relation to earlier this year.

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.