Management Thinks This Undercover Growth Stock Is Undervalued

Specialty clothing retailer Tillys (NYSE: TLYS) announced it would be buying back up to 2 million of its shares over the next 12 months. The company's stock crashed by more than 20% after it guided for revenue and profits that were less than what the market was expecting.

Management showed what it thinks of the sell-off by quickly announcing a share buyback program. Let's look closer at what's been happening at Tillys.

Image source: Getty Images.

Source Fool.com