Brean Capital Reiterates Buy on Tilly's (TLYS) Expecting In-Line Q1 Results

Brean Capital reiterates a Buy rating and $18.00 price target on Tilly's (NYSE: TLYS) leading up to TLYS's Q1 results. Analyst Liz Pierce estimate Q1 earnings of $0.04 (in line with consensus), and total sales to increase ~8% (in line with consensus). TLYS is scheduled to report Q1 earnings tomorrow, following market close.

Pierce commented on TLYS, saying, "We continue to believe there are several near-term catalysts that position TLYS for stronger results in FY15 including upcoming easy compares, greater product differentiation and an improving macro picture. Moreover, TLYS is one of the few specialty retailers that still has significant organic growth which bodes well for meaningful top line growth and, with limited infrastructure spending on the horizon, TLYS is positioned for significant operating margin leverage. Accordingly, we reiterate our Buy rating and our $18 TP. Our $18 target price is based on a multiple of 24x and our FY16 EPS of $0.75 and a PEG ratio of 1x."

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 $13.17 yesterday.

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