Mizuho Securities Remains Sidelined on Tilly's, Inc. (TLYS) Following 2Q - PT to $7

August 25, 2016 7:09 AM EDT
Get Alerts TLYS Hot Sheet
Price: $13.09 +0.46%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Mizuho Securities reiterated a Neutral rating on Tilly's, Inc. (NYSE: TLYS), and raised the price target to $7.00 (from $6.50), following the company's 2Q earnings report. TLYS reported EPS of $0.05, above the Street estimates of $(0.03). All categories comped positive except women’s.

Analyst Betty Chen commented, "We are raising our estimates and PT to $7.00 (from $6.50) to reflect the 2Q beat. We believe management is executing well in a tough environment with inventory (7)% psf and micro-assorting to improve conversion. While we are cautious of a mixed BTS start and lull periods against a difficult 3Q compare, we are encouraged by improvement to merchandise (all categories positive except women’s), potential fashion newness (denim, jackets, and athletics) as well as halting store openings to focus on productivity. With shares trading at 20x FY17 P/E, we view the shares as fairly valued."

For an analyst ratings summary and ratings history on Tilly's click here. For more ratings news on Tilly's click here.

Shares of Tilly's closed at $7.08 yesterday.

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