BidaskClub Lowers Tiffany & Co. (TIF) to Buy
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.
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.
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