Tiffany & Co. Receives a Buy from Jefferies

By Ryan Adsit

Jefferies analyst Randal Konik reiterated a Buy rating on Tiffany & Co. (NYSE: TIF) today and set a price target of $100. The company’s shares closed yesterday at $76.19.

Konik noted:

“To mitigate investor fears regarding the Trump Tower protests near the TIF 5th Avenue flagship, we spent three days monitoring the store to gauge traffic patterns and any protest related issues.”

According to TipRanks.com, Konik is a 4-star analyst with an average return of 2.5% and a 49.6% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and ClubCorp Holdings.

Currently, the analyst consensus on Tiffany & Co. is Moderate Buy and the average price target is $81.80, representing a 7.4% upside.

In a report issued on November 11, Cowen & Co. also upgraded the stock to Buy.

Tiffany & Co.’s market cap is currently $9.52B and has a P/E ratio of 21.71. The company has a book value ratio of 3.2677.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TIF in relation to earlier this year. Most recently, in September 2016, Galtie Philippe, the SVP of TIF sold 482 shares for a total of $34,709.

Tiffany & Co. is a holding company, which through its subsidiaries engages in jewelry merchandise. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. Tiffany & Co. was founded in 1984 and is headquartered in New York, NY.