Today’s Stock On Watch: What’s Ahead for Tiffany & Co. After Touching 52-Week High?

Today's Stock On Watch: What's Ahead for Tiffany & Co. After Touching 52 Week High?

The stock of Tiffany & Co. (NYSE:TIF) hit a new 52-week high and has $86.39 target or 4.00% above today’s $83.07 share price. The 7 months bullish chart indicates low risk for the $10.39 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $86.39 price target is reached, the company will be worth $415.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.86 million shares traded hands or 30.07% 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.

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 2.87% above today’s ($83.07) stock price. Tiffany & Co. has been the topic of 38 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Bernstein on Thursday, January 21 with “Outperform”. Vetr upgraded Tiffany & Co. (NYSE:TIF) rating on Thursday, August 13. Vetr has “Buy” rating and $104.68 price target. The stock of Tiffany & Co. (NYSE:TIF) has “Sector Perform” rating given on Thursday, January 21 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, October 7 by Citigroup. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, May 18 report. Cowen & Co upgraded the stock to “Outperform” rating in Friday, November 11 report. Guggenheim initiated the stock with “Buy” rating in Friday, September 30 report. The rating was downgraded by Zacks to “Buy” on Wednesday, August 26. Cowen & Co maintained the shares of TIF in a report on Friday, August 26 with “Market Perform” rating. CLSA initiated the shares of TIF in a report on Thursday, September 29 with “Outperform” rating.

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 Streetinsider.com with their article: “Tiffany & Co. (TIF) Tops Q3 EPS by 8c; Comps Outpaced” 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: Businesswire.com and their article: “Tiffany & Co. Launches Video Series on Contemporary Art: New Ways of Seeing” published on November 29, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Tiffany & Co., 18.2% Follow-Through Indicator, 3.1 …” with publication date: November 29, 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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