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Fly News Breaks for January 13, 2020
TLYS
Jan 13, 2020 | 14:40 EDT
Roth Capital analyst Dave King maintained a Buy rating and on Tilly's (TLYS), but lowered his price target on shares to $12 from $13, following weaker-than-expected holiday comparisons of -2.0% that caused the company to lower its Q4 EPS guidance by 11c-12c to a range of 18c-20c. Despite this, the analyst maintained his Buy rating, citing Tilly's "attractive relative valuation, strong balance sheet, and focus on preserving product margins." King also expects management to announce "another meaningful special dividend" in the next few weeks.
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