Tiffany & Co. (TIF) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Tiffany & Co. (NYSE:TIF) have received a consensus recommendation of “Buy” from the thirty research firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $79.32.
Several equities research analysts recently weighed in on the stock. Jefferies Group upped their price objective on shares of Tiffany & Co. from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. Cowen and Company raised shares of Tiffany & Co. from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $90.00 in a research report on Friday, November 11th. Zacks Investment Research cut shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, November 17th. Wells Fargo & Co. reissued an “underperform” rating on shares of Tiffany & Co. in a research note on Wednesday, November 16th. Finally, Nomura set a $76.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Monday, August 29th.
In related news, SVP Philippe Galtie sold 482 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total value of $34,708.82. Following the completion of the sale, the senior vice president now directly owns 670 shares of the company’s stock, valued at approximately $48,246.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Tiffany & Co. during the second quarter valued at about $103,000. Welch Group LLC acquired a new stake in shares of Tiffany & Co. during the third quarter valued at about $111,000. Advisory Services Network LLC raised its stake in shares of Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock valued at $114,000 after buying an additional 225 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock valued at $124,000 after buying an additional 184 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock valued at $132,000 after buying an additional 2,141 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.
Tiffany & Co. (NYSE:TIF) opened at 76.76 on Thursday. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $81.89. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 21.89 and a beta of 1.84. The company’s 50-day moving average is $74.24 and its 200 day moving average is $67.66.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The business earned $932 million during the quarter, compared to analysts’ expectations of $931.37 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. Tiffany & Co.’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Tiffany & Co. will post $3.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Tuesday, December 20th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. Tiffany & Co.’s payout ratio is currently 51.28%.
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.
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