Tiffany & Co. (NYSE:TIF) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $115.00 price target on the specialty retailer’s stock, up from their prior price target of $92.00. Citigroup’s target price suggests a potential upside of 13.48% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the company. KeyCorp raised Tiffany & Co. from a “sector weight” rating to an “overweight” rating and lifted their price target for the stock from $94.50 to $115.00 in a research note on Friday, December 1st. Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. SBG Securities lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Cowen set a $102.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Thursday, November 30th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $100.38.
Tiffany & Co. (NYSE TIF) opened at $101.34 on Thursday. The firm has a market capitalization of $12,345.72, a PE ratio of 25.41, a P/E/G ratio of 2.31 and a beta of 1.93. Tiffany & Co. has a 12 month low of $76.08 and a 12 month high of $101.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The firm had revenue of $976.20 million for 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%. Tiffany & Co.’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. analysts expect that Tiffany & Co. will post 3.98 earnings per share for the current fiscal year.
In related news, Director Francesco Trapani acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were acquired at an average cost of $89.34 per share, with a total value of $2,233,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert S. Singer acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was bought at an average cost of $88.13 per share, for a total transaction of $88,130.00. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TIF. QS Investors LLC increased its position in Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares during the period. Welch Group LLC increased its position in Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after buying an additional 8 shares during the period. Wetherby Asset Management Inc. bought a new position in Tiffany & Co. in the 2nd quarter worth approximately $201,000. Commerce Bank bought a new position in Tiffany & Co. in the 2nd quarter worth approximately $209,000. Finally, Pacer Advisors Inc. increased its position in Tiffany & Co. by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock worth $213,000 after buying an additional 174 shares during the period. 81.19% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Citigroup Upgrades Tiffany & Co. (TIF) to “Buy”” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/16/citigroup-upgrades-tiffany-co-tif-to-buy.html.
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.
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.