The stock of Tiffany & Co. (NYSE:TIF) is a huge mover today! About 2.89M shares traded hands or 102.10% up from the average. Tiffany & Co. (NYSE:TIF) has risen 7.63% since April 26, 2016 and is uptrending. It has outperformed by 2.37% the S&P500.
The move comes after 9 months positive chart setup for the $10.30B company. It was reported on Nov, 29 by Barchart.com. We have $86.52 PT which if reached, will make NYSE:TIF worth $515.00 million more.
Tiffany & Co. (NYSE:TIF) Ratings Coverage
Out of 18 analysts covering Tiffany & Co. (NYSE:TIF), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. $110 is the highest target while $66 is the lowest. The $85.45 average target is 3.70% above today’s ($82.4) stock price. Tiffany & Co. has been the topic of 38 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained Tiffany & Co. (NYSE:TIF) on Wednesday, January 20 with “Outperform” rating. The stock of Tiffany & Co. (NYSE:TIF) earned “Outperform” rating by CLSA on Thursday, September 29. Guggenheim initiated the stock with “Buy” rating in Friday, September 30 report. As per Tuesday, January 19, the company rating was maintained by Topeka Capital Markets. Vetr upgraded the stock to “Buy” rating in Thursday, August 13 report. The firm earned “Neutral” rating on Friday, August 26 by Citigroup. The firm has “Sector Perform” rating given on Friday, August 26 by RBC Capital Markets. Deutsche Bank maintained Tiffany & Co. (NYSE:TIF) rating on Friday, August 26. Deutsche Bank has “Hold” rating and $75.50 price target. The firm earned “Market Perform” rating on Wednesday, May 18 by Cowen & Co. The firm earned “Market Perform” rating on Friday, August 26 by Cowen & Co.
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.”
More notable recent Tiffany & Co. (NYSE:TIF) news were published by: Wsj.com which released: “Tiffany & Co. Sales Increase” on November 29, 2016, also Businesswire.com with their article: “Tiffany & Co. Launches Video Series on Contemporary Art: New Ways of Seeing” published on November 29, 2016, Nasdaq.com published: “Tiffany & Co. Q3 Income Climbs 5%” on November 29, 2016. More interesting news about Tiffany & Co. (NYSE:TIF) were released by: Nasdaq.com and their article: “Earnings Reaction History: Tiffany & Co., 18.2% Follow-Through Indicator, 3.1 …” published on November 29, 2016 as well as Wsj.com‘s news article titled: “Trouble at Tiffany, and Donald Trump Isn’t Helping” with publication date: November 28, 2016.
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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