Tiffany & Co. (TIF) Given a $96.00 Price Target by Wells Fargo & Co Analysts
Tiffany & Co. (NYSE:TIF) has been given a $96.00 target price by stock analysts at Wells Fargo & Co in a report issued on Thursday. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Wells Fargo & Co’s price objective indicates a potential downside of 9.30% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group cut Tiffany & Co. from a “buy” rating to a “neutral” rating and dropped their target price for the company 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 research report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Cowen set a $102.00 price target on Tiffany & Co. and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, SBG Securities lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Tiffany & Co. has a consensus rating of “Buy” and an average target price of $101.18.
Tiffany & Co. (NYSE TIF) traded down $0.70 on Thursday, hitting $105.84. The stock had a trading volume of 1,822,700 shares, compared to its average volume of 1,970,357. Tiffany & Co. has a 1 year low of $76.40 and a 1 year high of $108.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The stock has a market cap of $13,160.00, a PE ratio of 28.38, a P/E/G ratio of 2.47 and a beta of 1.93.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. research analysts expect that Tiffany & Co. will post 3.99 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in TIF. Fifth Third Bancorp boosted its stake in Tiffany & Co. by 6.0% during the 1st quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 62 shares during the last quarter. Delphi Private Advisors LLC boosted its stake in Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 600 shares during the last quarter. IFP Advisors Inc boosted its stake in Tiffany & Co. by 66.9% during the 1st quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock valued at $118,000 after purchasing an additional 496 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Tiffany & Co. during the 4th quarter valued at $101,000. Finally, QS Investors LLC boosted its stake in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 103 shares during the last quarter. 81.12% of the stock is owned by hedge funds and other institutional investors.
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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.
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