Tiffany & Co. (TIF) shares are trading at lower $131.33 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $128.71.
To add more color to this target, the company’s high over the last year is $134.42 and the low is $103.89. Over the last 52 weeks, TIF is down -1.52% while the S&P 500 is up 18.49%. 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 $643.5 million. Tiffany & Co. also saw revenues increase to $1.01 billion. In addition, TIF has free cash flow of $72.9 million as of 10-2020. The company’s EBITDA came in at $235.5 million which compares well with its peers.
TIF booked profit margins of 7.80%, its Return on Equity (ROE) is 8.90%, and its Return on Assets is 4.20%. 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 3.11 and outstanding shares of 121.40M.
TIF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.0 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.35. Tiffany & Co. TIF also noted assets of $6.94 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 15.93B and a float of 119.05M. 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.