Tiffany & Co. (TIF) Earns Hold Rating from Wells Fargo & Co
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.
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.
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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.
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