Tiffany & Co. (NYSE:TIF) : 7 brokerage houses believe that Tiffany & Co. (NYSE:TIF) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tiffany & Co. (NYSE:TIF). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.14.
Tiffany & Co. (NYSE:TIF) stock is expected to deviate a maximum of $10.18 from the average target price of $77.9 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $101 and the most muted being $68.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Tiffany & Co. (NYSE:TIF). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $71 per share to $69 per share. The rating by the firm was issued on May 26, 2016.
Tiffany & Co. (NYSE:TIF): stock turned positive on Tuesday. Though the stock opened at $58.48, the bulls momentum made the stock top out at $59.35 level for the day. The stock recorded a low of $58.25 and closed the trading day at $59.07, in the green by 2.77%. The total traded volume for the day was 2,223,795. The stock had closed at $57.48 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Harlan Leigh M., officer (SENIOR VICE PRESIDENT) of Tiffany & Co, had unloaded 070 shares at an average price of $63.94 in a transaction dated on May 19, 2016. The total value of the transaction was worth $4,476.
Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Companys principal product category is jewelry. The Company also sells timepieces, leather goods, sterling silver goods (other than jewelry), china, crystal, stationery, fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO., as well as the TIFFANY BLUE BOX. Its segments include Americas, Asia-Pacific, Japan, Europe and Other. It operates e-commerce enabled Websites in 13 countries, as well as informational Websites in various additional countries.