Analysts at JPMorgan Chase & Co. assumed coverage on shares of Tiffany & Co. (NYSE:TIF) in a research note issued on Monday, December 18th, Marketbeat reports. The brokerage set a “neutral” rating and a $103.00 price target on the specialty retailer’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 5.03% from the company’s current price.
Other analysts have also recently issued reports about the stock. Cowen set a $102.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, October 18th. raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $90.00 to $110.00 in a research report on Monday, October 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, October 13th. Zacks Investment Research raised 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. Finally, Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $92.00 to $115.00 in a report on Thursday, December 14th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and an average target price of $101.18.
Shares of Tiffany & Co. (TIF) traded up $1.00 on Monday, hitting $108.46. 1,119,715 shares of the stock traded hands, compared to its average volume of 1,375,886. The stock has a market capitalization of $13,354.85, a P/E ratio of 29.16, a P/E/G ratio of 2.49 and a beta of 1.93. Tiffany & Co. has a 1-year low of $77.15 and a 1-year high of $108.90. 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. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. During the same quarter last year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. sell-side analysts forecast that Tiffany & Co. will post 3.99 EPS for the current year.
A number of large investors have recently modified their holdings of TIF. Sei Investments Co. increased its stake in Tiffany & Co. by 215.0% during the second quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock worth $1,351,000 after purchasing an additional 9,822 shares during the period. Beach Investment Management LLC. purchased a new stake in shares of Tiffany & Co. during the second quarter worth approximately $795,000. Schwab Charles Investment Management Inc. increased its stake in shares of Tiffany & Co. by 2.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 364,115 shares of the specialty retailer’s stock worth $34,180,000 after buying an additional 8,017 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Tiffany & Co. by 3.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,659 shares of the specialty retailer’s stock valued at $5,976,000 after purchasing an additional 1,888 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in Tiffany & Co. by 31.5% in the second quarter. State of Wisconsin Investment Board now owns 105,194 shares of the specialty retailer’s stock valued at $9,875,000 after purchasing an additional 25,190 shares in the last quarter. Institutional investors own 81.12% 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.
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