In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Tiffany & Co (NYSE: TIF), with a price target of $152. The company’s shares closed yesterday at $111.45.
Nagel commented:
“Recently, in a report entitled in TIF Here), we lifted our rating on on prospects for further strategic refreshment at the company and moderating near-term market sentiment embedded within shares. TIF has traded lower lately amid a broad rate-driven market sell-off and concerns of the Chinese government regulating the flow of foreign purchased products into the country. We do not necessarily view these concerns as misplaced. That said, we view the underlying recovery at TIF as very much intact, and expect as internal disciplines/drivers continue to take hold, the brand will prove increasingly well positioned to contend with unfavorable external factors nearer term.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.9% and a 61.3% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.
Tiffany & Co has an analyst consensus of Moderate Buy, with a price target consensus of $146.64.
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The company has a one-year high of $141.64 and a one-year low of $90.46. Currently, Tiffany & Co has an average volume of 1.74M.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock. Last month, 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.
