Tiffany & Co. (NYSE:TIF) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage currently has a $115.00 price target on the specialty retailer’s stock. Citigroup’s price target would suggest a potential upside of 15.76% from the company’s current price.
Other analysts have also issued research reports about the stock. Jefferies Group set a $110.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, August 16th. Cowen set a $102.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, October 18th. raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $90.00 to $110.00 in a report on Monday, October 2nd. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a report on Friday, October 13th. Finally, Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Monday, November 27th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.38.
Shares of Tiffany & Co. (NYSE TIF) traded up $3.24 during trading on Thursday, hitting $99.34. 2,405,316 shares of the company were exchanged, compared to its average volume of 1,665,336. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $12,320.00, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.22 and a beta of 1.93. Tiffany & Co. has a fifty-two week low of $76.08 and a fifty-two week high of $100.80.
In other Tiffany & Co. news, Director Robert S. Singer acquired 1,000 shares of Tiffany & Co. stock in a transaction on Monday, September 25th. The shares were purchased at an average cost of $88.13 per share, with a total value of $88,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francesco Trapani acquired 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TIF. Janus Henderson Group PLC boosted its position in shares of Tiffany & Co. by 9,785.1% during the second quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after purchasing an additional 1,200,235 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Tiffany & Co. by 300.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after purchasing an additional 991,802 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Tiffany & Co. by 22.4% during the third quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after purchasing an additional 411,487 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Tiffany & Co. by 189.4% during the third quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock worth $51,188,000 after purchasing an additional 365,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 in the last quarter. 81.19% 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.
