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What Wall Street Recommends for TIF and SIG

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Jan. 2 2019, Updated 12:50 p.m. ET

Analysts have a favorable outlook on TIF

Most Wall Street analysts have maintained a positive outlook on Tiffany & Co. (TIF) stock. Tiffany is expected to sustain its sales and earnings growth momentum in fiscal 2019. Meanwhile, the company’s margins are expected to benefit from lower input costs and improved sales.

Among the 28 analysts covering Tiffany stock, 16 have given it “buys,” and 12 have given it “holds.” Meanwhile, analysts have a consensus target price of $117.79 per share on TIF, which indicates a potential upside of 48.9% based on its closing price of $79.12 on December 28.

 

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Analysts call SIG a “hold”

All of the analysts covering Signet Jewelers (SIG) have maintained a neutral outlook on its stock. Signet has stabilized its sales so far in fiscal 2019, but its sales and earnings are likely to remain weak in fiscal 2020.

Signet’s top line could continue to slide as operational issues hurt its number of in-store transactions. Meanwhile, higher promotions and increased competition are likely to hurt its margins. Analysts expect Signet’s bottom line to fall on a year-over-year basis in the coming quarters as weak sales and margins remain a drag.

All of the 11 analysts covering Signet Jewelers have maintained “hold” ratings on its stock. Meanwhile, analysts have maintained a consensus target price of $44.50 per share on SIG, which implies a potential upside of 42.1% based on its closing price of $31.31 on December 28.

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