Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Tiffany & Co. (NYSE:TIF) in a research note published on Friday morning.

TIF has been the subject of a number of other reports. Bank of America Corporation reissued a buy rating and set a $110.00 price target on shares of Tiffany & Co. in a research note on Wednesday, June 28th. Royal Bank Of Canada reissued a hold rating on shares of Tiffany & Co. in a research note on Friday, July 7th. Zacks Investment Research downgraded shares of Tiffany & Co. from a hold rating to a sell rating in a research note on Tuesday, July 11th. Needham & Company LLC assumed coverage on shares of Tiffany & Co. in a research note on Tuesday, July 18th. They set a hold rating for the company. Finally, BidaskClub raised shares of Tiffany & Co. from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $94.91.

Tiffany & Co. (NYSE TIF) opened at 94.69 on Friday. The company’s 50 day moving average is $91.84 and its 200-day moving average is $91.86. Tiffany & Co. has a 1-year low of $71.46 and a 1-year high of $97.29. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 25.72 and a beta of 1.92.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. During the same period in the prior year, the business earned $0.84 earnings per share. Tiffany & Co.’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict 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 was paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is 54.35%.

In related news, Director Robert S. Singer acquired 1,000 shares of the stock in a transaction dated Monday, September 25th. The stock was bought at an average price of $88.13 per share, with a total value of $88,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Francesco Trapani acquired 35,000 shares of the stock in a transaction dated Monday, August 28th. The shares were bought at an average cost of $89.34 per share, with a total value of $3,126,900.00. The disclosure for this purchase can be found here. Insiders have bought 267,064 shares of company stock valued at $23,789,094 in the last three months. 1.30% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Tiffany & Co. by 11.1% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 11,815 shares of the specialty retailer’s stock worth $987,000 after acquiring an additional 1,180 shares in the last quarter. Achmea Investment Management B.V. increased its position in shares of Tiffany & Co. by 28.4% during the second quarter. Achmea Investment Management B.V. now owns 19,472 shares of the specialty retailer’s stock worth $1,824,000 after acquiring an additional 4,308 shares in the last quarter. Sentry Investment Management LLC increased its position in shares of Tiffany & Co. by 1.5% during the second quarter. Sentry Investment Management LLC now owns 45,630 shares of the specialty retailer’s stock worth $4,283,000 after acquiring an additional 696 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Tiffany & Co. by 25.5% during the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock worth $3,455,000 after acquiring an additional 7,484 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Tiffany & Co. by 159.8% during the second quarter. Advisory Services Network LLC now owns 3,634 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 2,235 shares in the last quarter. 79.69% of the stock is 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. 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.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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