Tiffany & Co. (TIF) Given a $82.00 Price Target by Mizuho Analysts
Tiffany & Co. (NYSE:TIF) received a $82.00 price objective from analysts at Mizuho in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Mizuho’s target price would suggest a potential downside of 0.58% from the company’s current price.
Other research analysts have also issued reports about the stock. Guggenheim initiated coverage on shares of Tiffany & Co. in a research note on Friday, September 30th. They issued a “buy” rating and a $85.00 price objective on the stock. Bank of America Corp. set a $75.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Thursday, September 22nd. Jefferies Group reiterated a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 2nd. Nomura set a $76.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Monday, August 29th. Finally, TheStreet upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. One 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 company presently has a consensus rating of “Buy” and an average target price of $80.34.
Shares of Tiffany & Co. (NYSE:TIF) opened at 82.48 on Tuesday. Tiffany & Co. has a 12-month low of $56.99 and a 12-month high of $84.92. The firm has a 50-day moving average of $75.39 and a 200-day moving average of $68.15. The company has a market cap of $10.30 billion, a P/E ratio of 23.53 and a beta of 1.84.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The firm had revenue of $949.30 million for the quarter. During the same period last year, the business posted $0.70 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts predict that Tiffany & Co. will post $3.66 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.18%. Tiffany & Co.’s payout ratio is presently 51.28%.
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In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of Tiffany & Co. stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 670 shares in the company, valued at $48,246.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Sprucegrove Investment Management Ltd. raised its stake in shares of Tiffany & Co. by 137.0% in the second quarter. Sprucegrove Investment Management Ltd. now owns 274,500 shares of the company’s stock valued at $16,646,000 after buying an additional 158,700 shares during the last quarter. Cooke & Bieler LP bought a new stake in shares of Tiffany & Co. during the second quarter valued at about $20,072,000. Gofen & Glossberg LLC IL raised its stake in shares of Tiffany & Co. by 0.3% in the third quarter. Gofen & Glossberg LLC IL now owns 95,118 shares of the company’s stock valued at $6,908,000 after buying an additional 279 shares during the last quarter. Speece Thorson Capital Group Inc. raised its stake in shares of Tiffany & Co. by 110.8% in the second quarter. Speece Thorson Capital Group Inc. now owns 203,830 shares of the company’s stock valued at $12,360,000 after buying an additional 107,156 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Tiffany & Co. by 31.0% in the second quarter. Teacher Retirement System of Texas now owns 9,154 shares of the company’s stock valued at $555,000 after buying an additional 2,165 shares during the last quarter. Institutional investors and hedge funds 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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