Tiffany & Co. (NYSE:TIF) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $104.00 target price on shares of Tiffany & Co. in a report on Thursday, June 1st. Bank of America Corporation restated a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, May 10th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. Credit Suisse Group restated a “buy” rating on shares of Tiffany & Co. in a research report on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price target on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $92.36.

Tiffany & Co. (NYSE:TIF) traded down 1.59% during midday trading on Thursday, reaching $89.79. 156,002 shares of the company’s stock were exchanged. The firm has a market capitalization of $11.19 billion, a P/E ratio of 24.93 and a beta of 1.92. Tiffany & Co. has a 52 week low of $64.73 and a 52 week high of $97.29. The stock’s 50 day moving average is $93.05 and its 200 day moving average is $90.41.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The business had revenue of $899.60 million for the quarter, compared to analysts’ expectations of $915.48 million. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Tiffany & Co. will post $3.96 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIF. Fifth Third Bancorp raised its stake in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after buying an additional 62 shares during the last quarter. Delphi Private Advisors LLC raised 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 last quarter. IFP Advisors Inc raised 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 last quarter. Advisory Services Network LLC bought a new position in Tiffany & Co. during the first quarter valued at about $133,000. Finally, Welch Group LLC raised its position in Tiffany & Co. by 0.6% in the first quarter. Welch Group LLC now owns 1,541 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 9 shares during the last quarter. 81.06% of the stock is owned by institutional investors and hedge funds.

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)

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