Tiffany & Co. (NYSE:TIF)‘s stock had its “buy” rating reissued by equities research analysts at Cowen and Company in a research note issued to investors on Sunday.

Several other equities research analysts have also weighed in on TIF. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $88.00 target price (down from $93.00) on shares of Tiffany & Co. in a report on Thursday, May 25th. Credit Suisse Group set a $82.00 target price on shares of Tiffany & Co. and gave the stock a “hold” rating in a report on Wednesday, May 24th. Jefferies Group LLC reiterated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. set a $105.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $85.00 target price (down from $94.00) on shares of Tiffany & Co. in a report on Thursday, May 25th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.81.

Tiffany & Co. (TIF) opened at 90.31 on Friday. The firm’s 50-day moving average is $91.31 and its 200 day moving average is $91.90. Tiffany & Co. has a 52-week low of $70.55 and a 52-week high of $97.29. The stock has a market capitalization of $11.24 billion, a PE ratio of 24.53 and a beta of 1.91.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. On average, equities analysts forecast that Tiffany & Co. will post $3.97 earnings per share for the current year.

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In other news, insider Pamela H. Cloud sold 37,000 shares of Tiffany & Co. stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $93.52, for a total value of $3,460,240.00. Following the completion of the transaction, the insider now owns 47,261 shares of the company’s stock, valued at approximately $4,419,848.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of Tiffany & Co. stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total transaction of $414,304,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 241,064 shares of company stock valued at $21,467,464. 1.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. King Luther Capital Management Corp grew its position in shares of Tiffany & Co. by 0.5% in the 1st quarter. King Luther Capital Management Corp now owns 803,818 shares of the specialty retailer’s stock valued at $76,604,000 after acquiring an additional 4,235 shares during the period. Swiss National Bank grew its position in shares of Tiffany & Co. by 2.8% in the 2nd quarter. Swiss National Bank now owns 453,348 shares of the specialty retailer’s stock valued at $42,556,000 after acquiring an additional 12,400 shares during the period. Karp Capital Management Corp bought a new position in shares of Tiffany & Co. in the 1st quarter valued at about $4,418,000. Palo Capital Inc. grew its position in shares of Tiffany & Co. by 1.3% in the 2nd quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock valued at $1,910,000 after acquiring an additional 259 shares during the period. Finally, Sei Investments Co. grew its position in shares of Tiffany & Co. by 215.0% in the 2nd quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock valued at $1,351,000 after acquiring an additional 9,822 shares during the period. 79.76% of the stock is owned by institutional investors.

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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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