Investment analysts at Susquehanna Bancshares Inc initiated coverage on shares of Tiffany & Co. (NYSE:TIF) in a report released on Thursday. The brokerage set a “neutral” rating and a $100.00 price target on the specialty retailer’s stock. Susquehanna Bancshares Inc’s price target would indicate a potential upside of 6.81% from the company’s current price.

A number of other brokerages have also weighed in on TIF. Needham & Company LLC restated a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Cowen and Company set a $102.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada restated a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. BidaskClub upgraded Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, October 11th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Hold” and a consensus target price of $94.91.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share.

TRADEMARK VIOLATION NOTICE: “Tiffany & Co. (TIF) Coverage Initiated by Analysts at Susquehanna Bancshares Inc” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/11/02/tiffany-co-tif-coverage-initiated-by-analysts-at-susquehanna-bancshares-inc.html.

In other Tiffany & Co. news, Director Francesco Trapani acquired 35,000 shares of Tiffany & Co. stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $89.34 per share, with a total value of $3,126,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total transaction of $414,304,000.00. The disclosure for this sale can be found here. Insiders purchased 267,064 shares of company stock valued at $23,789,094 in the last three months. 1.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIF. Thrivent Financial For Lutherans grew its holdings in Tiffany & Co. by 6.2% in the first quarter. Thrivent Financial For Lutherans now owns 3,930 shares of the specialty retailer’s stock worth $375,000 after purchasing an additional 230 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Tiffany & Co. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 681,608 shares of the specialty retailer’s stock worth $64,956,000 after purchasing an additional 1,793 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Tiffany & Co. in the first quarter worth $338,000. Janus Capital Management LLC grew its holdings in Tiffany & Co. by 272.0% in the first quarter. Janus Capital Management LLC now owns 90,793 shares of the specialty retailer’s stock worth $8,653,000 after purchasing an additional 66,389 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in Tiffany & Co. by 4.5% in the second quarter. DnB Asset Management AS now owns 13,936 shares of the specialty retailer’s stock worth $1,308,000 after purchasing an additional 600 shares during the last quarter. 79.64% of the stock is currently owned by institutional investors and hedge funds.

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.