Tiffany & Co. (TIF) is Initiated by Guggenheim to Buy

Tiffany & Co. (TIF) was Initiated by Guggenheim to “Buy”. Guggenheim advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Tiffany & Co.. CLSA Initiated Tiffany & Co. on Sep 29, 2016 to “Outperform”, Price Target of the shares are set at $80.Company shares were Reiterated by Mizuho on Aug 26, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $72 .Company shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 76 from a previous price target of $65 .

On the company’s financial health, Tiffany & Co. reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.72. The company had revenue of $931.60 million for the quarter, compared to analysts expectations of $931.37 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Tiffany & Co. opened for trading at $71.5 and hit $72.07 on the upside on Tuesday, eventually ending the session at $71.65, with a gain of 0.42% or 0.3 points. The heightened volatility saw the trading volume jump to 11,52,172 shares. Company has a market cap of $8,948 M.

In a different news, on Sep 21, 2016, Philippe Galtie (Senior Vice President) sold 482 shares at $72.01 per share price. According to the SEC, on May 23, 2016, Leigh M. Harlan (SENIOR VICE PRESIDENT) sold 70 shares at $63.94 per share price. On Apr 6, 2016, Michael Joseph Kowalski (director) sold 154,750 shares at $72.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

Tiffany & Co.

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