Equities researchers at J P Morgan Chase & Co assumed coverage on shares of Tiffany & Co. (NYSE:TIF) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $103.00 price target on the specialty retailer’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 2.38% from the stock’s current price.
TIF has been the subject of a number of other research reports. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Susquehanna Bancshares assumed coverage on shares of Tiffany & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price objective for the company. Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $115.00 in a research report on Thursday. Finally, Cowen set a $102.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research report on Thursday, November 30th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of “Buy” and a consensus price target of $100.53.
Tiffany & Co. (TIF) traded down $0.73 during mid-day trading on Monday, reaching $100.61. 1,965,743 shares of the company’s stock were exchanged, compared to its average volume of 1,670,032. 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. has a one year low of $76.08 and a one year high of $101.93. The company has a market capitalization of $12,594.36, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.36 and a beta of 1.93.
In other Tiffany & Co. news, Director Robert S. Singer purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average price of $88.13 per share, with a total value of $88,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francesco Trapani purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was acquired at an average cost of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. QS Investors LLC raised its position in Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares in the last quarter. Welch Group LLC raised its position in Tiffany & Co. by 0.5% in the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 8 shares in the last quarter. Commerce Bank acquired a new position in Tiffany & Co. in the second quarter worth about $209,000. Pacer Advisors Inc. raised its position in Tiffany & Co. by 8.3% in the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock worth $213,000 after purchasing an additional 174 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Tiffany & Co. by 2.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock worth $216,000 after purchasing an additional 62 shares in the last quarter. 81.19% of the stock is owned by hedge funds and other 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.
