01-19-2016, 10:55 AM
(01-19-2016, 10:07 AM)Bogart Wrote: Anyone getting interested in Tiffany (TIF)? It has taken a beating over the last few months. I am thinking about picking some up under $60.
I think $60 is a fair target. Retail is tough right now as earnings estimates have continued to fall, so I don't know that we've seen the bottom yet in the sector. With earnings estimates around $3.88, a 15 multiple would give a target of $58 on 2015 numbers or $65 on 2016 estimates of $4.32.
TIF isn't one that I follow closely or am interested in buying, but if I had to throw out a number, I'd say the $58-$60 level would be fair based on current estimates.