Tiffany & Co.’s (TIF) Hold Rating Reaffirmed at Wells Fargo & Co

Tiffany & Co. (NYSE:TIF)‘s stock had its “hold” rating reaffirmed by investment analysts at Wells Fargo & Co in a research report issued on Wednesday.

Other equities analysts also recently issued reports about the stock. Cowen set a $102.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Oppenheimer restated a “buy” rating and set a $105.00 target price on shares of Tiffany & Co. in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Monday, November 27th. upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $110.00 in a report on Monday, October 2nd. Finally, Citigroup upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and raised their target price for the company from $92.00 to $115.00 in a report on Thursday, December 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Tiffany & Co. has an average rating of “Buy” and an average price target of $102.00.

Tiffany & Co. (NYSE TIF) opened at $108.05 on Wednesday. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a twelve month low of $77.15 and a twelve month high of $110.17. The firm has a market cap of $13,430.00, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.50 and a beta of 1.93.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The firm had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. During the same period last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts anticipate that Tiffany & Co. will post 3.99 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sawyer & Company Inc purchased a new stake in shares of Tiffany & Co. during the fourth quarter worth about $130,000. QS Investors LLC grew its holdings in shares of Tiffany & Co. by 8.2% during the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares in the last quarter. ING Groep NV purchased a new stake in shares of Tiffany & Co. during the third quarter worth about $213,000. Breton Hill Capital Ltd. purchased a new stake in shares of Tiffany & Co. during the third quarter worth about $226,000. Finally, Caxton Associates LP purchased a new stake in shares of Tiffany & Co. during the second quarter worth about $235,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

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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.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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