Tiffany & Co (NYSE:TIF)
Tiffany director James Lillie snapped up $480,095 shares in the luxury jewelry retailer on March 27. Lillie- a top-performing insider- now boasts a total shareholding of well over $2.1 million TIF shares. We can’t know his motive, but we can see that his move came on the back of TIF’s solid fourth quarter results and updated 2018 guidance. Boosted by a lower-than-expected tax rate, earnings of $1.71 easily beat the Street’s forecasted estimate of $1.63.
Indeed, top Oppenheimer analyst Brian Nagel is also upbeat about TIF’s longer-term path ahead. He reiterated his Buy rating on March 16 with a $105 price target. According to Nagel, “Tiffany represents one of the best-managed and most-dominant brands among leading international retailers.”
Specifically, Nagel is placing his faith in Tiffany’s new CEO Alessandro Bogliolo. Crucially, Bogliolo is trying to more aggressively build the Tiffany franchise through strategic priorities like accelerating new product introductions and digital operations. “We view this decision as a key measure in unlocking a much awaited and sustainable top-line jolt for the chain” concludes Nagel.
Overall our data reveals that from top analysts alone Tiffany has 100% support right now. Plus the $117.50 average price target of these analysts indicates 22% upside potential from current levels.
Ollie’s Bargain Outlet Holding (Nasdaq:OLLI)
Shares in this huge discount retailer are crushing the market. In the last year, prices exploded from $33 to $60 on OLLI’s continued strong execution, brand identity and limited competition prospects.
So it’s not surprising that during the last three months, insiders have been busy snapping up shares worth over $1 million. This includes multiple informative buy transactions from top insiders including Senior VP Kevin McLain($355,290) and Executive VP John Swygert ($324,000). Both these insiders have a five-star rating for the success rate and average return of their transactions.
