Nomura Holdings Believes TIF Still Has Room to Grow

By Jason Carr

In a report released today, Simeon Siegel from Nomura Holdings maintained a Buy rating on Tiffany & Co. (NYSE: TIF), with a price target of $84. The company’s shares opened today at $80.70, close to its 52-week high of $84.92.

According to TipRanks.com, Siegel is a 1-star analyst with an average return of -0.7% and a 43.9% success rate. Siegel covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Abercrombie Fitch, and Acushnet Holdings.

Currently, the analyst consensus on Tiffany & Co. is Moderate Buy and the average price target is $86.67, representing a 7.4% upside.

In a report issued on November 17, Jefferies also reiterated a Buy rating on the stock with a $100 price target.

Tiffany & Co.’s market cap is currently $10.07B and has a P/E ratio of 22.96. The company has a book value ratio of 3.4568.

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.