Wells Fargo & Co. Reiterates Underperform Rating for Tiffany & Co. (TIF)
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.
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%.
COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Co. Reiterates Underperform Rating for Tiffany & Co. (TIF)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/29/wells-fargo-co-reiterates-underperform-rating-for-tiffany-co-tif.html.
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.
Receive News & Stock Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related stocks with our FREE daily email newsletter.