Guggenheim Reiterates Their Buy Rating on Tiffany & Co (TIF)


Guggenheim analyst Robert Drbul reiterated a Buy rating on Tiffany & Co (TIF) today and set a price target of $115. The company’s shares closed last Monday at $86.03.

Drbul noted:

“We reiterate our BUY rating as we believe TIF’s top-line should benefit from 1) the ongoing investments, 2) more frequent product innovation, and 3) easier YoY compares. Additionally, we believe today’s results demonstrate the company is managing the business well in a difficult period (SG&A expense management drove the EPS upside). We continue to see meaningful operating margin expansion opportunity L-T.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 5.9% and a 61.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tiffany & Co with a $105 average price target, representing a 33.1% upside. In a report issued on August 22, Oppenheimer also reiterated a Buy rating on the stock with a $100 price target.

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Tiffany & Co’s market cap is currently $10.04B and has a P/E ratio of 17.82. The company has a Price to Book ratio of 3.18.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TIF in relation to earlier this year.

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.

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