Tiffany & Co. (TIF) Earns Outperform Rating from Analysts at Credit Suisse Group
Research analysts at Credit Suisse Group started coverage on shares of Tiffany & Co. (NYSE:TIF) in a report released on Monday, Marketbeat reports. The brokerage set an “outperform” rating and a $120.00 price target on the specialty retailer’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 18.47% from the company’s previous close.
Several other equities analysts have also recently issued reports on the company. Loop Capital began coverage on Tiffany & Co. in a report on Thursday, March 8th. They issued a “hold” rating and a $103.00 price target on the stock. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Royal Bank of Canada raised their price target on Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. began coverage on Tiffany & Co. in a report on Monday, December 18th. They issued a “neutral” rating and a $103.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Tiffany & Co. presently has an average rating of “Buy” and a consensus price target of $104.17.
Tiffany & Co. (NYSE:TIF) opened at $101.29 on Monday. The stock has a market capitalization of $12,590.00, a PE ratio of 27.16, a P/E/G ratio of 2.14 and a beta of 1.78. Tiffany & Co. has a 1-year low of $84.15 and a 1-year high of $111.44. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIF. Calton & Associates Inc. acquired a new stake in shares of Tiffany & Co. during the fourth quarter worth about $118,000. Denali Advisors LLC acquired a new stake in shares of Tiffany & Co. during the fourth quarter worth about $125,000. Sawyer & Company Inc acquired a new stake in shares of Tiffany & Co. during the fourth quarter worth about $130,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Tiffany & Co. by 103.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 697 shares during the period. Finally, Osborne Partners Capital Management LLC acquired a new stake in shares of Tiffany & Co. during the fourth quarter worth about $208,000. 83.26% 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. 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.
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