Tiffany & Co. (TIF) Could See More Declines Today

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Shareholders of the luxury goods retailer, Tiffany & Co. (NYSE:TIF) could see further declines today after missing estimates by 5 cents. They also saw same-store sales increase less than analysts had been expecting.

The stock decreased 0.12% or $0.09 during the last trading session, hitting $76.46. About 125,670 shares traded hands. TIF has declined 10.05% since April 22, 2015 and is downtrending. It has underperformed by 9.03% the S&P500.

Out of 10 analysts covering Tiffany & Co. (NYSE:TIF), 7 rate it “Buy”, 1 “Sell”, while 2 “Hold”. This means 70% are positive. $110 is the highest target while $79 is the lowest. The $96.70 average target is 26.47% above today’s ($76.46) stock price. Tiffany & Co. was the topic in 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Wells Fargo reinitiated the stock on October 22 with “Underperform” rating. Vetr upgraded it to “Buy” rating and $104.68 target price in an August 13 report. Citigroup initiated the shares of TIF in a report on October 7 with “Buy” rating. Finally, Topeka Capital Markets maintained the stock with “Buy” rating in an August 27 report.

Tiffany & Co. is a holding company. The Firm operates through its subsidiary companies. The company has a market cap of $9.69 billion. The Company’s principal product category is jewelry. It has 22.35 P/E ratio. The Firm also sells timepieces, leather goods, sterling silver goods , china, crystal, stationery, fragrances and accessories.

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