Tiffany & Co. (TIF) PT Set at $91.00 by Cowen and Company
Tiffany & Co. (NYSE:TIF) has been given a $91.00 price target by Cowen and Company in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Cowen and Company’s target price would suggest a potential upside of 10.33% from the stock’s current price.
TIF has been the subject of a number of other research reports. Morgan Stanley reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Monday, August 15th. Mizuho lifted their price objective on shares of Tiffany & Co. from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Tiffany & Co. in a report on Wednesday, August 24th. Royal Bank Of Canada lifted their price objective on shares of Tiffany & Co. from $65.00 to $76.00 and gave the stock a “sector perform” rating in a report on Friday, August 26th. Finally, Citigroup Inc. lifted their price objective on shares of Tiffany & Co. from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $80.34.
Tiffany & Co. (NYSE:TIF) opened at 82.48 on Tuesday. The stock has a 50 day moving average of $75.39 and a 200-day moving average of $68.15. Tiffany & Co. has a one year low of $56.99 and a one year high of $84.92. The stock 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 issued its quarterly earnings results on Tuesday, November 29th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business earned $949.30 million during the quarter. Tiffany & Co. had a net margin of 11.33% and a return on equity of 15.97%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Analysts anticipate that Tiffany & Co. will post $3.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th will be paid 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 dividend payout ratio (DPR) is presently 50.42%.
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In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of Tiffany & Co. 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 transaction, the senior vice president now owns 670 shares of the company’s stock, valued at approximately $48,246.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Tiffany & Co. by 7.4% in the second quarter. State Street Corp now owns 4,867,008 shares of the company’s stock valued at $295,150,000 after buying an additional 336,259 shares during the period. First Eagle Investment Management LLC boosted its position in Tiffany & Co. by 0.8% in the third quarter. First Eagle Investment Management LLC now owns 3,905,747 shares of the company’s stock valued at $283,674,000 after buying an additional 29,593 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Tiffany & Co. by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,885,604 shares of the company’s stock valued at $209,581,000 after buying an additional 43,503 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 valued at $150,973,000 after buying an additional 389,151 shares during the period. Finally, Franklin Resources Inc. boosted its position in Tiffany & Co. by 12.7% in the second quarter. Franklin Resources Inc. now owns 2,055,464 shares of the company’s stock valued at $124,644,000 after buying an additional 231,445 shares during the period. 87.59% of the stock is currently owned by institutional investors.
About Tiffany & Co.
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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