November 30, 2016 - By Ellis Scott
Telsey Advisory currently has a $93.0 target on the $10.08B market cap company or 15.38% upside potential. In analysts note revealed to clients on Wednesday morning, Tiffany & Co (TIF) stock had its Outperform Rating restate by equity research analysts at Telsey Advisory.
Out of 4 analysts covering Tiffany & Co (TIF), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $82.0 is the highest target while $76.0 is the lowest. The $79.33 average target is -1.58% below today’s ($80.6) stock price. Tiffany & Co has been the topic of 4 analyst reports since August 26, 2016 according to StockzIntelligence Inc. The company was maintained on Friday, August 26 by RBC Capital Markets. CLSA initiated Tiffany & Co. (NYSE:TIF) on Thursday, September 29 with “Outperform” rating. Mizuho maintained it with “Buy” rating and $82.0 target price in Friday, August 26 report. Guggenheim initiated the stock with “Buy” rating in Friday, September 30 report.
The stock increased 3.15% or $2.46 during the last trading session, hitting $80.6. Tiffany & Co. (TIF) has risen 9.87% since April 27, 2016 and is uptrending. It has outperformed by 4.64% the S&P500.
Tiffany & Co. is a holding company that operates through its subsidiary companies. The company has a market cap of $10.08 billion. The Company’s principal subsidiary, Tiffany and Company , is a jeweler and specialty retailer. It has a 22.94 P/E ratio. Through its subsidiaries, the Company creates and makes products and operates TIFFANY & CO. retail stores.
According to Zacks Investment Research, “Tiffany & Co. designs, manufactures, and retails fine jewelry as well as other branded merchandise. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. It operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through Internet, catalog and business gift operations. Tiffany & Co. is headquartered in New York.”
Tiffany & Co., incorporated on August 16, 1984, is a holding firm that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company creates and makes products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company’s divisions include Americas, Asia-Pacific, Japan, Europe and Other. The Company’s principal merchandise offering is jewelry; it also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories.
More news for Tiffany & Co. (NYSE:TIF) were recently published by: Wsj.com, which released: “Trump Effect Dims Flagship Tiffany Store Traffic” on November 29, 2016. Nasdaq.com‘s article titled: “Tiffany & Co. will announce third-quarter earnings November 29” and published on November 26, 2016 is yet another important article.
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By Ellis Scott