Wells Fargo & Co. reissued their underperform rating on shares of Tiffany & Co. (NYSE:TIF) in a research note issued to investors on Wednesday morning.

Several other analysts have also weighed in on TIF. Morgan Stanley restated a hold rating on shares of Tiffany & Co. in a report on Monday, August 15th. Mizuho increased their price target on Tiffany & Co. from $72.00 to $82.00 and gave the company a buy rating in a report on Tuesday, August 23rd. Deutsche Bank AG restated a hold rating and set a $73.00 price target on shares of Tiffany & Co. in a report on Wednesday, August 24th. Royal Bank Of Canada increased their price target on Tiffany & Co. from $65.00 to $76.00 and gave the company a sector perform rating in a report on Friday, August 26th. Finally, Citigroup Inc. increased their price target on Tiffany & Co. from $71.00 to $79.00 and gave the company a neutral rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $79.89.

Shares of Tiffany & Co. (NYSE:TIF) traded up 0.37% during mid-day trading on Wednesday, hitting $76.47. 674,345 shares of the stock were exchanged. The stock’s 50 day moving average is $73.82 and its 200 day moving average is $67.56. The firm has a market cap of $9.55 billion, a P/E ratio of 21.81 and a beta of 1.84. Tiffany & Co. has a 12 month low of $56.99 and a 12 month high of $81.89.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 25th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The firm earned $932 million during the quarter, compared to the consensus estimate of $931.37 million. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. Analysts expect that Tiffany & Co. will post $3.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.36%. Tiffany & Co.’s dividend payout ratio (DPR) is currently 51.28%.

In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction of $34,708.82. Following the transaction, the senior vice president now owns 670 shares of the company’s stock, valued at $48,246.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in shares of Tiffany & Co. by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 3,360 shares of the company’s stock valued at $204,000 after buying an additional 70 shares during the period. Ngam Advisors L.P. raised its position in shares of Tiffany & Co. by 0.4% in the third quarter. Ngam Advisors L.P. now owns 21,632 shares of the company’s stock valued at $1,571,000 after buying an additional 84 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Tiffany & Co. by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 24,372 shares of the company’s stock valued at $1,478,000 after buying an additional 100 shares during the period. World Asset Management Inc raised its position in shares of Tiffany & Co. by 0.9% in the second quarter. World Asset Management Inc now owns 11,000 shares of the company’s stock valued at $667,000 after buying an additional 103 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Tiffany & Co. by 0.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,587 shares of the company’s stock valued at $1,495,000 after buying an additional 113 shares during the period. 86.58% 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.

5 Day Chart for NYSE:TIF

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