Oppenheimer analyst Brian Nagel maintained a Buy rating on Tiffany & Co (TIF) today and set a price target of $115. The company’s shares opened today at $97.84.
Nagel observed:
“We look upon the final Q4:18 (Jan. 2019) results and updated FY19 (Jan. 2020) guidance that Tiffany (TIF) reported today as mixed. Key takeaways: 1) sales trends across the country remained softish in Jan., following a weaker Holiday; 2) gross margin expansion moderated, as input costs climbed and weaker sales did not leverage as well fixed expenses; and 3) management reiterated guidance for softer trends in 1H19. Overall, we view the internally driven recovery at TIF as still in progress, but remain concerned that still significant external headwinds continue to impact sales and EPS trends. We are optimistic that at now discounted levels, shares adequately discount for continued, ongoing near-term challenges.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 8.7% and a 63.5% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.
Currently, the analyst consensus on Tiffany & Co is a Moderate Buy with an average price target of $105.30.
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Based on Tiffany & Co’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $94.9 million. In comparison, last year the company had a net profit of $61.9 million.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TIF in relation to earlier this year. Earlier this month, William Shutzer, a Director at TIF bought 4,717 shares for a total of $123,114.
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.
