Tiffany & Co. (NYSE:TIF)‘s stock had its “hold” rating reissued by KeyCorp in a research report issued to clients and investors on Wednesday.

A number of other analysts have also commented on TIF. BidaskClub lowered Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 14th. HSBC Holdings plc upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $90.00 to $110.00 in a report on Monday, October 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $94.91.

Shares of Tiffany & Co. (NYSE TIF) traded down 0.99% during midday trading on Wednesday, reaching $92.35. The company had a trading volume of 921,220 shares. The firm has a market cap of $11.50 billion, a P/E ratio of 25.08 and a beta of 1.92. Tiffany & Co. has a 52-week low of $71.46 and a 52-week high of $97.29. The company’s 50-day moving average is $91.44 and its 200-day moving average is $91.93.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $930.19 million. During the same period in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that Tiffany & Co. will post $3.97 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/tiffany-co-tif-earns-hold-rating-from-keycorp.html.

In related news, Director Francesco Trapani purchased 48,936 shares of Tiffany & Co. stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $89.16 per share, with a total value of $4,363,133.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. Insiders bought 267,064 shares of company stock worth $23,789,094 in the last ninety days. 1.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Tiffany & Co. by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after purchasing an additional 310,235 shares during the last quarter. BlackRock Inc. lifted its stake in Tiffany & Co. by 2,886.2% during the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after purchasing an additional 6,747,028 shares during the last quarter. State Street Corp lifted its stake in Tiffany & Co. by 0.3% during the first quarter. State Street Corp now owns 4,884,771 shares of the specialty retailer’s stock worth $465,549,000 after purchasing an additional 12,498 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Tiffany & Co. by 2.7% during the second quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock worth $388,715,000 after purchasing an additional 109,926 shares during the last quarter. Finally, FMR LLC lifted its stake in Tiffany & Co. by 0.7% during the first quarter. FMR LLC now owns 2,463,909 shares of the specialty retailer’s stock worth $234,810,000 after purchasing an additional 17,572 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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)

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.