Price Action Alert: What’s in Tiffany & Co. After Today’s Huge Increase?

Price Action Alert: What's in Tiffany & Co. After Today's Huge Increase?

The stock of Tiffany & Co. (NYSE:TIF) is a huge mover today! About 911,598 shares traded hands. Tiffany & Co. (NYSE:TIF) has risen 13.27% since April 11, 2016 and is uptrending. It has outperformed by 7.13% the S&P500.
The move comes after 9 months positive chart setup for the $10.49 billion company. It was reported on Nov, 11 by Barchart.com. We have $126.29 PT which if reached, will make NYSE:TIF worth $5.77 billion more.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Out of 18 analysts covering Tiffany & Co. (NYSE:TIF), 11 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 61% are positive. Tiffany & Co. has been the topic of 37 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was initiated by RBC Capital Markets with “Sector Perform” on Thursday, September 10. The company was maintained on Tuesday, January 19 by Mizuho. The firm has “Underperform” rating by Wells Fargo given on Thursday, October 22. The stock of Tiffany & Co. (NYSE:TIF) earned “Buy” rating by Vetr on Thursday, August 13. As per Thursday, August 27, the company rating was maintained by Topeka Capital Markets. CLSA initiated the stock with “Outperform” rating in Thursday, September 29 report. Citigroup maintained Tiffany & Co. (NYSE:TIF) on Friday, August 26 with “Neutral” rating. The stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given on Wednesday, August 26 by Zacks. The firm earned “Buy” rating on Friday, August 28 by Cowen & Co. As per Friday, September 30, the company rating was initiated by Guggenheim.

According to Zacks Investment Research, “Tiffany & Co. designs, manufactures, and retails fine jewelry as well as other branded merchandise. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. It operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through Internet, catalog and business gift operations. Tiffany & Co. is headquartered in New York.”

TIF Company Profile

Tiffany & Co., incorporated on August 16, 1984, is a holding firm that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company creates and makes products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company’s divisions include Americas, Asia-Pacific, Japan, Europe and Other. The Company’s principal merchandise offering is jewelry; it also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories.

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