Oppenheimer Remains a Buy on Tiffany & Co (TIF)

By Jason Carr

In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Tiffany & Co (TIFResearch Report). The company’s shares opened today at $87.54.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.4% and a 58.0% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Dick’s Sporting Goods.

Currently, the analyst consensus on Tiffany & Co is a Moderate Buy with an average price target of $117, which is a 33.7% upside from current levels. In a report issued on January 4, Citigroup also maintained a Buy rating on the stock with a $125 price target.

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Based on Tiffany & Co’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $94.9 million. In comparison, last year the company had a net profit of $100 million.

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Tiffany & Co. is a holding company, which through its subsidiaries, engages in manufacture and sale of jewelry merchandise. The firm also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, fragrances, and accessories. It operates through the following geographical segments: Americas, Asia-Pacific, Japan, Europe, and Other.