Wells Fargo & Co Reiterates “$96.00” Price Target for Tiffany & Co. (TIF)

Tiffany & Co. (NYSE:TIF) received a $96.00 target price from investment analysts at Wells Fargo & Co in a research note issued on Thursday. The firm currently has a “hold” rating on the specialty retailer’s stock. Wells Fargo & Co’s price target would suggest a potential downside of 9.30% from the stock’s current price.

TIF has been the subject of several other research reports. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Monday, November 27th. Susquehanna Bancshares initiated coverage on shares of Tiffany & Co. in a report on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price target for the company. Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $92.00 to $115.00 in a report on Thursday, December 14th. Finally, Cowen set a $102.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $101.18.

Tiffany & Co. (NYSE TIF) traded down $0.70 during mid-day trading on Thursday, reaching $105.84. 1,822,700 shares of the company traded hands, compared to its average volume of 1,970,357. The firm has a market capitalization of $13,160.00, a P/E ratio of 28.38, a P/E/G ratio of 2.47 and a beta of 1.93. Tiffany & Co. has a 1-year low of $76.40 and a 1-year high of $108.19. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. sell-side analysts expect that Tiffany & Co. will post 3.99 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TIF. Janus Henderson Group PLC raised its holdings in Tiffany & Co. by 9,785.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after buying an additional 1,200,235 shares during the period. Cramer Rosenthal Mcglynn LLC raised its holdings in Tiffany & Co. by 300.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after buying an additional 991,802 shares during the period. Victory Capital Management Inc. raised its holdings in Tiffany & Co. by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after buying an additional 411,487 shares during the period. APG Asset Management N.V. raised its holdings in Tiffany & Co. by 189.4% during the 3rd quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock worth $51,188,000 after buying an additional 365,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Tiffany & Co. by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after buying an additional 310,235 shares during the period. Hedge funds and other 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.

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

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