Tiffany & Co. (NYSE:TIF) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also recently weighed in on TIF. Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, November 30th. Jefferies Group set a $110.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, August 16th. KeyCorp raised Tiffany & Co. from a “sector weight” rating to an “overweight” rating and boosted their price objective for the stock from $94.50 to $115.00 in a report on Friday, December 1st. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Monday, November 27th. Finally, raised Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $110.00 in a report on Monday, October 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and a consensus price target of $98.69.

Tiffany & Co. (TIF) opened at $96.10 on Thursday. The stock has a market cap of $11,868.49, a PE ratio of 24.42, a P/E/G ratio of 2.22 and a beta of 1.93. Tiffany & Co. has a 52-week low of $76.08 and a 52-week high of $98.64. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The firm had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. analysts forecast that Tiffany & Co. will post 3.98 earnings per share for the current year.

In other news, Director Robert S. Singer purchased 1,000 shares of Tiffany & Co. stock in a transaction on Monday, September 25th. The stock was purchased at an average price of $88.13 per share, with a total value of $88,130.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Francesco Trapani purchased 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. QS Investors LLC boosted its holdings in shares of Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 103 shares during the last quarter. Welch Group LLC boosted its holdings in shares of Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 8 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of Tiffany & Co. in the 2nd quarter valued at approximately $201,000. Commerce Bank acquired a new stake in shares of Tiffany & Co. in the 2nd quarter valued at approximately $209,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of Tiffany & Co. by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after buying an additional 174 shares during the last quarter. 81.19% of the stock is owned by hedge funds and other institutional investors.

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About Tiffany & Co.

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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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