Goldman Sachs Starts Tilly's (TLYS) at Buy

Goldman Sachs initiates coverage on Tilly's (NYSE: TLYS) with a Buy. PT $18.00.

The firm said Tilly's is setting the pace of disruptive retail by combining the cool vibe of action sports with the supply chain capability of a fast fashion.

"We see multi-year upside potential as its unique brand and superior execution is unfurled, with solid sales growth from store expansions alone," the analyst comments. "We think TLYS is the most mis-priced stock in our universe, trading sub-14X 2013 P/E despite a growth runway that supports valuation 50% fuller."

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 $13.42 yesterday.

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