Tiffany & Co. (NYSE:TIF)‘s stock had its “underperform” rating reaffirmed by Wells Fargo & Co. in a note issued to investors on Tuesday.

Other equities research analysts have also recently issued research reports about the stock. Mizuho reaffirmed a “buy” rating and set a $82.00 price objective on shares of Tiffany & Co. in a research report on Tuesday. Cowen and Company set a $91.00 price objective on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Group boosted their target price on Tiffany & Co. from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, November 14th. Morgan Stanley reissued a “hold” rating on shares of Tiffany & Co. in a research note on Monday, August 15th. Finally, Citigroup Inc. boosted their target price 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus target price of $78.99.

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

Shares of Tiffany & Co. (NYSE:TIF) traded up 2.10% during midday trading on Tuesday, hitting $79.78. 7,783,891 shares of the company were exchanged. The company has a market capitalization of $9.96 billion, a P/E ratio of 22.76 and a beta of 1.84. Tiffany & Co. has a one year low of $56.99 and a one year high of $84.40. The company has a 50-day moving average of $74.94 and a 200 day moving average of $67.93.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Tuesday, November 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. The company earned $949.30 million during the quarter, compared to analysts’ expectations of $922.60 million. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. Tiffany & Co.’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. On average, equities research analysts expect that Tiffany & Co. will post $3.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.31%. Tiffany & Co.’s dividend payout ratio is presently 51.28%.

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In other news, SVP Philippe Galtie sold 482 shares of the firm’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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in TIF. Nisa Investment Advisors LLC raised its stake in shares of Tiffany & Co. by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 18,340 shares of the company’s stock valued at $1,112,000 after buying an additional 700 shares in the last quarter. Gofen & Glossberg LLC IL raised its stake in shares of Tiffany & Co. by 4.6% in the second quarter. Gofen & Glossberg LLC IL now owns 94,839 shares of the company’s stock valued at $5,751,000 after buying an additional 4,163 shares in the last quarter. River & Mercantile Asset Management LLP raised its stake in shares of Tiffany & Co. by 94.5% in the second quarter. River & Mercantile Asset Management LLP now owns 52,082 shares of the company’s stock valued at $3,157,000 after buying an additional 25,300 shares in the last quarter. Creative Planning raised its stake in shares of Tiffany & Co. by 4.0% in the second quarter. Creative Planning now owns 10,785 shares of the company’s stock valued at $654,000 after buying an additional 410 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of Tiffany & Co. by 3.6% in the second quarter. Gateway Investment Advisers LLC now owns 219,463 shares of the company’s stock valued at $13,308,000 after buying an additional 7,586 shares in the last quarter. 87.59% of the stock is owned by hedge funds and other institutional investors.

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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