Analyst Explains Why They Downgraded Their Rating on Tilly’s (TLYS)

Tilly’s (TLYSResearch Report) received a Hold rating and a $10.00 price target from Pivotal Research analyst Mitch Kummetz today. The company’s shares closed last Monday at $8.88.

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 8.8% and a 65.0% success rate. Kummetz covers the Services sector, focusing on stocks such as Shoe Carnival, Foot Locker, and Boot Barn.

Tilly’s has an analyst consensus of Strong Buy, with a price target consensus of $11.83.

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Based on Tilly’s’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $6.39 million. In comparison, last year the company had a net profit of $5.36 million.

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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.