Stifel Reiterates Hold Rating on Tilly's, Inc. (TLYS) Following 2Q Results and Guidance

Stifel reiterated a Hold rating on Tilly's, Inc. (NYSE: TLYS) following the company's 2Q earnings report. TLYS reported EPS of $0.05, above the consensus of $(0.03) and guidance of $(0.06)-$0.00. The company provided 3Q EPS guidance in the range of $0.07-$0.13, in-line with consensus.

Analyst Richard Jaffe commented, "Management indicated that early results for BTS have been mixed due to a shift in timing of start dates and tax-free days. Traffic remains challenged during off-peak selling periods; however, online (approx 12% of revenues) has had solid and consistent results. We believe that overall the company will have a good back to school selling season given its broad offering of trend-right brands. We anticipate traffic trends to remain weak during off-peak selling periods which supports management’s cautious guidance."

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 $7.08 yesterday.

You May Also Be Interested In

• Evercore ISI Downgrades Inspire Medical Systems (INSP) to In Line
• BE Semiconductor (BESI:NA) (BESIY) PT Raised to EUR400 at Needham
• Morgan Stanley Upgrades QIAGEN NV (QIA:GR) (QGEN) to Overweight