Tiffany & Co (NYSE:TIF): Should It Be in Your Portfolio?

[Zacks] Tiffany & Co (NYSE:TIF)(TREND ANALYSIS) the jewelry retailer, is one such stock whose share price has been plunging. The Zacks Consensus Estimate too has witnessed a downtrend.

From Stock Price Performance Perspective

Shares of Tiffany have been plunging and touched a 52-week low of $74.28 on Sep 28. Year to date, this Zacks Rank #4 (Sell) stock has nosedived approximately 25%. Moreover, shares have declined roughly 8% following the company’s last earnings release on Aug 27. It has been over 10 months since the stock hit a 52-week high. It had last reached the pinnacle on Nov 25, 2014.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Tiffany & Co (NYSE:TIF) stock is currently trading 28.74% below its 52-week-high, 6.1% above its 52-week-low. The 1-year stock price history is in the range of $74.28 – $110.6. Tiffany & Co (TIF) has a price to earnings ratio of 22.98 versus Services sector average of 18.78. TIF stock price has underperformed the S&P 500 by 23.6%. The Retail Jewelry company is currently valued at $10.16 billion and its share price closed the last trading session at $78.81. The stock has a 50-day moving average of $79.93 and a 200-day moving average of $87.83.

Tiffany & Co (TIF) current short interest stands at 5.34 million shares. It has decreased by 6% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.04 million shares, the number of days required to cover the short positions stand at 5.2 days.

The company is expected to announce next quarter earnings on November 24, at consensus estimate of $0.74. Tiffany & Co (TIF) reported last quarter earnings on August 27. The Retail Jewelry company announced earnings per share of $0.86 against a consensus Street estimate of $0.9, missing estimate by $0.04. This corresponds to a decrease of $0.06 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently thirty analysts that cover Tiffany & Co stock. Of those thirty, sixteen have a Buy rating, fourteen have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $97.84.

A recent analyst activity consisted of Citigroup who initiated their coverage on the stock with Buy rating on October 7. Citigroup fixed their price target at $98. This corresponds to a 24.35% upside from the last closing price. On the date of report, the stock closed at $80.21.

Cantor Fitzgerald reiterated their Hold stance on August 28, and decreased their price target from $97 to $79. This corresponds to a 0.24% upside from the last closing price. On the date of report, the stock closed at $83.2.

Another research firm was Mizuho Securities who initiated their coverage on the stock with Buy rating on July 29. Mizuho Securities fixed their price target at $106. This translates to a 34.5% upside from the last closing price. On the date of report, the stock closed at $93.92.

Company profile

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. The Company operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through Internet, catalog and business gift operations.

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