Tiffany & Co.’s (TIF) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reaffirmed a hold rating on shares of Tiffany & Co. in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a buy rating on shares of Tiffany & Co. in a report on Wednesday, May 24th. Cowen and Company reaffirmed an outperform rating and issued a $107.00 price objective on shares of Tiffany & Co. in a report on Tuesday, May 23rd. Citigroup Inc. lowered their price objective on Tiffany & Co. from $91.00 to $88.00 and set a neutral rating on the stock in a report on Thursday, May 25th. Finally, Needham & Company LLC assumed coverage on Tiffany & Co. in a report on Tuesday, July 18th. They issued a hold rating on the stock. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Tiffany & Co. presently has an average rating of Buy and a consensus price target of $92.81.
Tiffany & Co. (NYSE:TIF) traded up 2.51% during trading on Friday, reaching $95.50. The company had a trading volume of 718,761 shares. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 25.94 and a beta of 1.91. The firm has a 50-day moving average of $91.35 and a 200-day moving average of $91.82. Tiffany & Co. has a 1-year low of $66.35 and a 1-year high of $97.29.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The company had revenue of $960 million for the quarter, compared to analyst estimates of $930.19 million. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Tiffany & Co. will post $3.97 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.15%. Tiffany & Co.’s dividend payout ratio is currently 54.35%.
In other Tiffany & Co. news, Director Francesco Trapani purchased 35,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was bought at an average cost of $89.34 per share, for a total transaction of $3,126,900.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 241,064 shares of company stock valued at $21,467,464 over the last quarter. 1.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TIF. Nationwide Fund Advisors raised its holdings in Tiffany & Co. by 4.0% in the 1st quarter. Nationwide Fund Advisors now owns 30,396 shares of the specialty retailer’s stock valued at $2,897,000 after acquiring an additional 1,156 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Tiffany & Co. by 35.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,506 shares of the specialty retailer’s stock valued at $620,000 after acquiring an additional 1,711 shares during the last quarter. Shell Asset Management Co. raised its holdings in Tiffany & Co. by 0.7% in the 1st quarter. Shell Asset Management Co. now owns 8,681 shares of the specialty retailer’s stock valued at $827,000 after acquiring an additional 57 shares during the last quarter. Strs Ohio raised its holdings in Tiffany & Co. by 23.5% in the 1st quarter. Strs Ohio now owns 14,309 shares of the specialty retailer’s stock valued at $1,363,000 after acquiring an additional 2,727 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Tiffany & Co. by 66.9% in the 1st quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock valued at $118,000 after acquiring an additional 496 shares during the last quarter. Institutional investors own 79.76% of the company’s stock.
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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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