After Cowen & Co. and Jefferies gave Tiffany & Co (NYSE: TIF) a Buy rating last month, the company received another Buy, this time from Guggenheim. Analyst Robert Drbul reiterated a Buy rating on Tiffany & Co today and set a price target of $115. The company’s shares opened today at $92.51.
Drbul observed:
“We are reiterating our BUY rating as we believe TIF’s top- line should benefit from 1) the ongoing investments, 2) more frequent product innovation, and 3) as compares begin to ease. We also see meaningful operating margin expansion opportunity L-T as TIF focuses on costs throughout the business.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 7.3% and a 60.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
Tiffany & Co has an analyst consensus of Moderate Buy, with a price target consensus of $112.33, implying a 21.4% upside from current levels. In a report issued on May 29, Cowen & Co. also reiterated a Buy rating on the stock with a $115 price target.
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Based on Tiffany & Co’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $205 million. In comparison, last year the company had a net profit of $142 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2019, 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 engages in product design, manufacturing, and retailing through its subsidiaries. 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.
