Jefferies Group LLC Analysts Give Tiffany & Co. (TIF) a $110.00 Price Target
Tiffany & Co. (NYSE:TIF) has been given a $110.00 price objective by stock analysts at Jefferies Group LLC in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Jefferies Group LLC’s price target indicates a potential upside of 24.84% from the stock’s previous close.
TIF has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $104.00 target price on shares of Tiffany & Co. in a research note on Thursday, June 1st. Bank of America Corporation reissued a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, May 10th. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and set a $88.00 price target (down previously from $93.00) on shares of Tiffany & Co. in a research report on Thursday, May 25th. Finally, BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $92.81.
Tiffany & Co. (TIF) traded up 0.16% during trading on Wednesday, hitting $88.25. The stock had a trading volume of 89,588 shares. Tiffany & Co. has a one year low of $66.19 and a one year high of $97.29. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 24.50 and a beta of 1.92. The stock’s 50-day moving average is $92.81 and its 200 day moving average is $90.78.
Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The firm had revenue of $899.60 million during the quarter, compared to analyst estimates of $915.48 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Equities analysts anticipate that Tiffany & Co. will post $3.96 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 62 shares during the period. Delphi Private Advisors LLC boosted its position in Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 600 shares during the period. IFP Advisors Inc boosted its position in Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock valued at $118,000 after buying an additional 496 shares during the period. QS Investors LLC boosted 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 valued at $128,000 after buying an additional 103 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Tiffany & Co. during the first quarter valued at approximately $133,000. Institutional investors and hedge funds own 81.31% of the company’s stock.
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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