Tiffany & Co. (TIF) Coverage Initiated by Analysts at Susquehanna Bancshares Inc
Investment analysts at Susquehanna Bancshares Inc initiated coverage on shares of Tiffany & Co. (NYSE:TIF) in a report released on Thursday. The brokerage set a “neutral” rating and a $100.00 price target on the specialty retailer’s stock. Susquehanna Bancshares Inc’s price target would indicate a potential upside of 6.81% from the company’s current price.
A number of other brokerages have also weighed in on TIF. Needham & Company LLC restated a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Cowen and Company set a $102.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada restated a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. BidaskClub upgraded Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, October 11th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Hold” and a consensus target price of $94.91.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share.
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In other Tiffany & Co. news, Director Francesco Trapani acquired 35,000 shares of Tiffany & Co. stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $89.34 per share, with a total value of $3,126,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was 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. Insiders purchased 267,064 shares of company stock valued at $23,789,094 in the last three months. 1.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIF. Thrivent Financial For Lutherans grew its holdings in Tiffany & Co. by 6.2% in the first quarter. Thrivent Financial For Lutherans now owns 3,930 shares of the specialty retailer’s stock worth $375,000 after purchasing an additional 230 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Tiffany & Co. by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 681,608 shares of the specialty retailer’s stock worth $64,956,000 after purchasing an additional 1,793 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Tiffany & Co. in the first quarter worth $338,000. Janus Capital Management LLC grew its holdings in Tiffany & Co. by 272.0% in the first quarter. Janus Capital Management LLC now owns 90,793 shares of the specialty retailer’s stock worth $8,653,000 after purchasing an additional 66,389 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in Tiffany & Co. by 4.5% in the second quarter. DnB Asset Management AS now owns 13,936 shares of the specialty retailer’s stock worth $1,308,000 after purchasing an additional 600 shares during the last quarter. 79.64% of the stock is currently owned by institutional investors and hedge funds.
About Tiffany & Co.
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.
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