Tiffany & Co. (TIF) : 7 brokerage houses believe that Tiffany & Co. (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. (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. (TIF) : The highest level Tiffany & Co. (TIF) is projected to reach is $101 for the short term and the lowest estimate is at $65. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $77.1 and the possibility the share price can swing is $10.64.
Company shares have received an average consensus rating of Hold for the current week Tiffany & Co. (NYSE:TIF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.51 and $64.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.25, notching a gain of 4.05% for the day. The total traded volume was 3,321,801 . The stock had closed at $63.67 on the previous day.
In a related news, Bellaiche Jean-Marc, officer (SENIOR VICE PRESIDENT) of Tiffany & Co, unloaded 775 shares at an average price of $61.78 on July 20, 2016. The total amount of the transaction was worth $47,880, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.