Tiffany & Co. (TIF) shares are trading at lower $113.96 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $133.92.
To add more color to this target, the company’s high over the last year is $134.42 and the low is $86.39. Over the last 52 weeks, TIF is up 21.22% while the S&P 500 is up 13.97%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, TIF reported a profit of $461.6 million. Tiffany & Co. also saw revenues increase to $747.1 million. In addition, TIF has free cash flow of -$145.4 million as of 07-2020. The company’s EBITDA came in at $128.0 million which compares well with its peers.
TIF booked profit margins of 6.70%, its Return on Equity (ROE) is 7.70%, and its Return on Assets is 3.70%. All told, it is clear that, TIF needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TIF has a short ratio of 5.33 and outstanding shares of 121.40M.
TIF has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 2.02. Tiffany & Co. TIF also noted assets of $6.86 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TIF has historically followed its peers on positive news.
All told, Tiffany & Co. TIF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TIF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Tiffany & Co. TIF is now commanding a market cap of 13.87B and a float of 119.06M. TIF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TIF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in TIF, either long or short, and we have not been compensated for this article.