UPDATE: Goldman Sachs Initiates Tilly's at Buy on Valuation, Execution
Goldman Sachs initiated coverage on Tilly's (NYSE: TLYS) with a Buy rating and an $18 price target.
Goldman Sachs said, "Tilly's is setting the pace in 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. 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. We initiate with a Buy and 33% upside to our six-month price target of $18."
Tilly's closed at $13.50 on Monday.
Latest Ratings for TLYS
|Jan 2016||Guggenheim Securities||Initiates Coverage on||Neutral|
|Nov 2015||B. Riley||Downgrades||Buy||Neutral|
|Oct 2015||B. Riley||Upgrades||Buy|
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