Tiffany & Co. (NYSE:TIF) was upgraded by equities research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Friday, MarketBeat.com reports. The firm presently has a $115.00 price objective on the specialty retailer’s stock, up from their prior price objective of $94.50. KeyCorp’s price target would indicate a potential upside of 18.25% from the stock’s previous close.

Several other research analysts have also commented on the company. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Goldman Sachs Group lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $106.00 to $94.00 in a report on Friday, September 22nd. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Susquehanna Bancshares initiated coverage on Tiffany & Co. in a report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Cowen set a $102.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, October 18th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $98.69.

Tiffany & Co. (NYSE TIF) traded up $2.75 during midday trading on Friday, hitting $97.25. The stock had a trading volume of 3,090,104 shares, compared to its average volume of 1,677,459. Tiffany & Co. has a fifty-two week low of $76.08 and a fifty-two week high of $98.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.29 and a current ratio of 5.75. The stock has a market cap of $12,090.00, a price-to-earnings ratio of 24.30, a PEG ratio of 2.20 and a beta of 1.96.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The business had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. equities research analysts expect that Tiffany & Co. will post 3.97 earnings per share for the current fiscal year.

In related news, Director Robert S. Singer acquired 1,000 shares of Tiffany & Co. stock in a transaction that occurred on Monday, September 25th. The shares were purchased at an average cost of $88.13 per share, for a total transaction of $88,130.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Pamela H. Cloud sold 37,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the completion of the sale, the insider now owns 47,261 shares in the company, valued at $4,419,848.72. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TIF. US Bancorp DE raised its holdings in Tiffany & Co. by 24.0% in the 2nd quarter. US Bancorp DE now owns 10,895 shares of the specialty retailer’s stock valued at $1,022,000 after buying an additional 2,106 shares during the period. Russell Investments Group Ltd. increased its stake in Tiffany & Co. by 12.6% during the second quarter. Russell Investments Group Ltd. now owns 98,715 shares of the specialty retailer’s stock worth $9,268,000 after purchasing an additional 11,037 shares during the period. Strs Ohio increased its stake in Tiffany & Co. by 53.5% during the second quarter. Strs Ohio now owns 21,971 shares of the specialty retailer’s stock worth $2,062,000 after purchasing an additional 7,662 shares during the period. Janney Montgomery Scott LLC increased its stake in Tiffany & Co. by 1.7% during the second quarter. Janney Montgomery Scott LLC now owns 6,619 shares of the specialty retailer’s stock worth $621,000 after purchasing an additional 113 shares during the period. Finally, Speece Thorson Capital Group Inc. increased its stake in Tiffany & Co. by 0.5% during the second quarter. Speece Thorson Capital Group Inc. now owns 109,960 shares of the specialty retailer’s stock worth $10,322,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 81.03% of the company’s stock.

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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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