Tiffany & Co. (TIF) PT Raised to $100.00
Tiffany & Co. (NYSE:TIF) had its target price upped by Jefferies Group from $85.00 to $100.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 31.65% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Cowen and Company upgraded Tiffany & Co. from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $90.00 in a report on Friday, November 11th. Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. TheStreet upgraded Tiffany & Co. from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Guggenheim assumed coverage on Tiffany & Co. in a report on Friday, September 30th. They set a “buy” rating and a $85.00 price target for the company. Finally, Credit Agricole SA assumed coverage on Tiffany & Co. in a report on Wednesday, September 28th. They set an “outperform” rating and a $80.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $79.89.
Tiffany & Co. (NYSE:TIF) traded down 0.28% during midday trading on Monday, reaching $75.75. The company had a trading volume of 115,193 shares. The stock’s 50 day moving average is $73.41 and its 200 day moving average is $67.50. The company has a market capitalization of $9.46 billion, a PE ratio of 21.61 and a beta of 1.84. Tiffany & Co. has a one year low of $56.99 and a one year high of $81.89.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The business earned $932 million during the quarter, compared to analysts’ expectations of $931.37 million. During the same quarter last year, the company posted $0.86 earnings per share. Tiffany & Co.’s quarterly revenue was down 5.9% on a year-over-year basis. Equities research analysts forecast that Tiffany & Co. will post $3.66 earnings per share for the current fiscal year.
In other news, SVP Philippe Galtie sold 482 shares of the stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total transaction of $34,708.82. Following the transaction, the senior vice president now owns 670 shares of the company’s stock, valued at approximately $48,246.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new position in Tiffany & Co. during the second quarter worth about $103,000. Welch Group LLC bought a new position in Tiffany & Co. during the third quarter worth about $111,000. Advisory Services Network LLC boosted its position in Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock worth $114,000 after buying an additional 225 shares during the period. Pacer Advisors Inc. boosted its position in Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock worth $124,000 after buying an additional 184 shares during the period. Finally, Signaturefd LLC boosted its position in Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock worth $132,000 after buying an additional 2,141 shares during the period. 86.58% of the stock is currently owned by institutional investors.
Tiffany & Co. Company Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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