Tiffany & Co. (TIF) Given Consensus Recommendation of “Buy” by Analysts
Tiffany & Co. (NYSE:TIF) has received a consensus rating of “Buy” from the thirty brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $78.02.
Several equities analysts have weighed in on the company. Mizuho increased their price objective on Tiffany & Co. from $72.00 to $82.00 and gave the company a “buy” rating in a report on Monday, August 29th. RBC Capital Markets reissued a “sector perform” rating and set a $76.00 price objective (up from $65.00) on shares of Tiffany & Co. in a report on Sunday, August 28th. Nomura set a $76.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Monday, August 29th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $60.00 price target on shares of Tiffany & Co. in a report on Friday, August 26th. Finally, Cowen and Company raised their price target on Tiffany & Co. from $68.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, August 26th.
Tiffany & Co. (NYSE:TIF) traded down 0.27% on Wednesday, hitting $73.27. The company had a trading volume of 303,571 shares. The stock’s 50-day moving average price is $71.38 and its 200 day moving average price is $67.07. The company has a market capitalization of $9.15 billion, a P/E ratio of 20.90 and a beta of 2.07. Tiffany & Co. has a one year low of $56.99 and a one year high of $84.19.
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Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The business earned $932 million during the quarter, compared to analyst estimates of $931.37 million. During the same period in the prior year, the company earned $0.86 earnings per share. Tiffany & Co.’s revenue was down 5.9% compared to the same quarter last year. On average, analysts expect that Tiffany & Co. will post $3.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Tuesday, September 20th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.45%. Tiffany & Co.’s payout ratio is presently 51.28%.
In other Tiffany & Co. news, insider Jean-Marc Bellaiche sold 775 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $61.78, for a total transaction of $47,879.50. Following the sale, the insider now directly owns 2,179 shares of the company’s stock, valued at approximately $134,618.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Philippe Galtie sold 482 shares of Tiffany & Co. stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total value of $34,708.82. Following the sale, the senior vice president now directly owns 670 shares in the company, valued at $48,246.70. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of TIF. Creative Planning boosted its stake in Tiffany & Co. by 39.2% in the third quarter. Creative Planning now owns 15,009 shares of the company’s stock valued at $1,090,000 after buying an additional 4,224 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Tiffany & Co. by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,212 shares of the company’s stock valued at $1,831,000 after buying an additional 840 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in Tiffany & Co. by 0.3% in the third quarter. Gofen & Glossberg LLC IL now owns 95,118 shares of the company’s stock valued at $6,908,000 after buying an additional 279 shares during the last quarter. LGT Capital Partners LTD. boosted its stake in Tiffany & Co. by 507.5% in the third quarter. LGT Capital Partners LTD. now owns 140,330 shares of the company’s stock valued at $10,192,000 after buying an additional 117,230 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Tiffany & Co. by 5.8% in the third quarter. First Mercantile Trust Co. now owns 15,114 shares of the company’s stock valued at $1,097,000 after buying an additional 831 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. Company Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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