Tiffany & Co. (NYSE:TIF)‘s stock had its “hold” rating restated by equities researchers at Wells Fargo & Co in a research note issued on Wednesday.

A number of other equities research analysts have also weighed in on TIF. Goldman Sachs Group lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $106.00 to $94.00 in a report on Friday, September 22nd. raised Tiffany & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $110.00 in a report on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, October 11th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, October 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $101.18.

Shares of Tiffany & Co. (TIF) traded down $0.88 on Wednesday, reaching $107.58. The company’s stock had a trading volume of 1,491,000 shares, compared to its average volume of 1,752,030. Tiffany & Co. has a 12 month low of $77.15 and a 12 month high of $109.49. The stock has a market cap of $13,479.13, a price-to-earnings ratio of 28.92, a PEG ratio of 2.52 and a beta of 1.93. 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. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company 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 company earned $0.76 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts predict that Tiffany & Co. will post 3.99 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Tiffany & Co. by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock valued at $3,455,000 after buying an additional 7,484 shares in the last quarter. Sprucegrove Investment Management Ltd. lifted its stake in Tiffany & Co. by 137.0% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 274,500 shares of the specialty retailer’s stock valued at $16,646,000 after buying an additional 158,700 shares in the last quarter. Beacon Trust Co. purchased a new stake in Tiffany & Co. in the 4th quarter valued at approximately $1,648,000. Cooke & Bieler LP purchased a new stake in Tiffany & Co. in the 2nd quarter valued at approximately $20,072,000. Finally, Wellington Management Group LLP lifted its stake in Tiffany & Co. by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 1,449,171 shares of the specialty retailer’s stock valued at $106,340,000 after buying an additional 61,516 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/17/tiffany-co-tif-earns-hold-rating-from-wells-fargo-co.html.

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.

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.