Tiffany & Co. (TIF) Receives Consensus Rating of “Buy” from Analysts

Shares of Tiffany & Co. (NYSE:TIF) have been assigned an average recommendation of “Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $102.27.

Several research firms recently issued reports on TIF. Wells Fargo & Co reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. Zacks Investment Research cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. SBG Securities cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Cowen set a $102.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Finally, Oppenheimer reissued a “buy” rating and set a $105.00 target price on shares of Tiffany & Co. in a report on Wednesday, November 29th.

In related news, Director Charles K. Marquis sold 4,717 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $107.84, for a total value of $508,681.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philippe Galtie sold 673 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $107.92, for a total transaction of $72,630.16. Following the completion of the sale, the insider now directly owns 673 shares in the company, valued at approximately $72,630.16. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Sawyer & Company Inc acquired a new stake in shares of Tiffany & Co. in the 4th quarter worth about $130,000. QS Investors LLC increased its holdings in shares of Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares during the period. ING Groep NV acquired a new stake in shares of Tiffany & Co. in the 3rd quarter worth about $213,000. Breton Hill Capital Ltd. acquired a new stake in shares of Tiffany & Co. in the 3rd quarter worth about $226,000. Finally, Caxton Associates LP acquired a new stake in shares of Tiffany & Co. in the 2nd quarter worth about $235,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tiffany & Co. (NYSE:TIF) opened at $109.88 on Tuesday. The stock has a market cap of $13,660.00, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.45 and a beta of 1.93. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a twelve month low of $77.15 and a twelve month high of $110.17.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a net margin of 10.26% and a return on equity of 12.77%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. equities analysts predict that Tiffany & Co. will post 4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.82%. Tiffany & Co.’s dividend payout ratio (DPR) is 53.62%.

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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.

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

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