Merrill Lynch analyst Lorraine Hutchinson reiterated a Hold rating on Tiffany & Co (TIF) today and set a price target of $105. The company’s shares closed yesterday at $92.54, close to its 52-week low of $91.26.
According to TipRanks.com, Hutchinson is a 2-star analyst with an average return of 0.2% and a 53.0% success rate. Hutchinson covers the Services sector, focusing on stocks such as Urban Outfitters, Kohl’s Corp, and Macy’s Inc.
Currently, the analyst consensus on Tiffany & Co is a Moderate Buy with an average price target of $124.56, which is a 34.6% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $100 price target.
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Tiffany & Co’s market cap is currently $11.33B and has a P/E ratio of 25.63. The company has a Price to Book ratio of 3.71.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2018, Lawrence Fish, a Director at TIF sold 8,898 shares for a total of $1,138,499.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Tiffany & Co. is a holding company, which through its subsidiaries, engages in manufacture and sale of jewelry merchandise. The firm also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, fragrances, and accessories. It operates through the following geographical segments: Americas, Asia-Pacific, Japan, Europe, and Other.
