In a report released today, Ike Boruchow from Wells Fargo maintained a Hold rating on Tiffany & Co (NYSE: TIF). The company’s shares closed yesterday at $135.37, close to its 52-week high of $137.97.
According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 2.5% and a 49.5% success rate. Boruchow covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Signet Jewelers Limited, and Urban Outfitters.
Currently, the analyst consensus on Tiffany & Co is Moderate Buy and the average price target is $140, representing a 3.4% upside.
In a report released today, UBS also initiated coverage with a Hold rating on the stock with a $138 price target.
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Based on Tiffany & Co’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $142 million. In comparison, last year the company had a net profit of $92.9 million.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Abby Kohnstamm, a Director at TIF sold 8,577 shares for a total of $1,133,536.
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.
