Tilly's (TLYS) Q4 Outlook Raised on Improved Merchandise Assortment, Initiatives - Stifel

Stifel maintains its Hold rating on Tilly's Inc. (NYSE: TLYS) following improved Q4 guidance issued after markets closed Monday.

Analyst Richard Jaffe believes the improved outlook comes as customers react positive to Tilly's initiatives and updated merchandise assortment. Well managed inventory levels also likely drove sales at higher margin and will likely limit clearance activity in advance of Spring selling, the analyst commented.

Jaffe boosts Q4 and FY15 EPS estimates from $0.18 and $0.43 up to $0.23 and $0.48, respectively.

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

Tilly's closed at $11.61 yesterday.

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