Tiffany & Co. (NYSE:TIF) has received a consensus rating of “Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $104.67.
TIF has been the subject of a number of recent research reports. Cowen set a $102.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a research note on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and set a $105.00 price target on shares of Tiffany & Co. in a research note on Wednesday, November 29th. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Monday, November 27th. Citigroup raised Tiffany & Co. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $92.00 to $115.00 in a research note on Thursday, December 14th. Finally, Royal Bank of Canada set a $94.00 price target on Tiffany & Co. and gave the stock a “hold” rating in a research note on Thursday, November 30th.
In other Tiffany & Co. news, Director Michael Joseph Kowalski sold 3,806 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $102.53, for a total value of $390,229.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert S. Singer bought 2,000 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $99.49 per share, for a total transaction of $198,980.00. The disclosure for this purchase can be found here. Insiders sold a total of 135,832 shares of company stock worth $14,611,214 in the last ninety days. Insiders own 1.30% of the company’s stock.
Shares of Tiffany & Co. (NYSE TIF) opened at $101.29 on Wednesday. Tiffany & Co. has a one year low of $84.15 and a one year high of $111.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The firm has a market capitalization of $12,590.00, a PE ratio of 27.16, a PEG ratio of 2.14 and a beta of 1.78.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.62%.
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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.
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