Tiffany & Co. (TIF) Receives Buy Rating from Jefferies Group
Tiffany & Co. (NYSE:TIF)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a report issued on Wednesday. They presently have a $100.00 price objective on the stock, up from their previous price objective of $85.00. Jefferies Group’s price target indicates a potential upside of 21.24% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Nomura reiterated a “buy” rating and set a $84.00 target price on shares of Tiffany & Co. in a research report on Wednesday. Zacks Investment Research upgraded shares of Tiffany & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Telsey Advisory Group increased their target price on shares of Tiffany & Co. from $83.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Co. restated an “underperform” rating on shares of Tiffany & Co. in a research report on Tuesday. Finally, Cowen and Company set a $91.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.78.
Tiffany & Co. (NYSE:TIF) traded up 2.33% during midday trading on Wednesday, reaching $82.48. 4,298,957 shares of the company’s stock were exchanged. Tiffany & Co. has a 12 month low of $56.99 and a 12 month high of $84.92. The stock has a market cap of $10.30 billion, a PE ratio of 23.53 and a beta of 1.84. The firm has a 50 day moving average of $74.94 and a 200-day moving average of $67.93.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Tuesday, November 29th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm earned $949.30 million during the quarter. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. Tiffany & Co.’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. On average, equities research analysts predict that Tiffany & Co. will post $3.66 earnings per share for the current 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 51.28%.
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In other news, SVP Philippe Galtie sold 482 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total transaction of $34,708.82. Following the sale, the senior vice president now owns 670 shares in the company, valued at approximately $48,246.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Welch Group LLC acquired a new stake in shares of Tiffany & Co. during the third quarter worth approximately $111,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Tiffany & Co. during the second quarter worth approximately $103,000. Advisory Services Network LLC boosted 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 worth $114,000 after buying an additional 225 shares during the period. Pacer Advisors Inc. boosted 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 worth $124,000 after buying an additional 184 shares during the period. Finally, Signaturefd LLC boosted 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 worth $132,000 after buying an additional 2,141 shares during the period. Hedge funds and other institutional investors own 87.59% of the company’s stock.
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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