Tiffany & Co. (NYSE:TIF) had its target price upped by analysts at Oppenheimer Holdings Inc. from $80.00 to $87.00 in a report released on Wednesday. The brokerage currently has an “outperform” rating on the stock. Oppenheimer Holdings Inc.’s price objective would indicate a potential upside of 9.88% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Group increased their target price on Tiffany & Co. from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, November 14th. Morgan Stanley restated a “hold” rating on shares of Tiffany & Co. in a research note on Monday, August 15th. Mizuho raised their price objective on Tiffany & Co. from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Cowen and Company upgraded Tiffany & Co. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $90.00 in a research note on Friday, November 11th. Finally, Citigroup Inc. raised their price objective on Tiffany & Co. from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, August 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $79.35.

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

Tiffany & Co. (NYSE:TIF) traded up 2.99% during mid-day trading on Wednesday, reaching $79.18. 3,183,073 shares of the company’s stock were exchanged. The company has a market capitalization of $9.89 billion, a P/E ratio of 22.58 and a beta of 1.84. The company’s 50 day moving average price is $74.38 and its 200-day moving average price is $67.71. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $81.89.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders 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 dividend yield of 2.27%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 51.28%.

In other news, SVP Philippe Galtie sold 482 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in Tiffany & Co. by 261.2% in the second quarter. First Eagle Investment Management LLC now owns 3,876,154 shares of the company’s stock worth $235,050,000 after buying an additional 2,803,126 shares during the period. International Value Advisers LLC purchased a new stake in Tiffany & Co. during the second quarter worth $67,971,000. Victory Capital Management Inc. increased its stake in Tiffany & Co. by 80.2% in the second quarter. Victory Capital Management Inc. now owns 1,444,603 shares of the company’s stock worth $87,600,000 after buying an additional 642,759 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Tiffany & Co. during the second quarter worth $30,028,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Tiffany & Co. by 23.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,078,657 shares of the company’s stock worth $150,973,000 after buying an additional 389,151 shares during the period. 86.44% of the stock is owned by institutional investors.

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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. 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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