Tiffany & Co. (TIF) Given Average Rating of “Buy” by Brokerages
Shares of Tiffany & Co. (NYSE:TIF) have been assigned a consensus recommendation of “Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $104.67.
Several equities analysts have issued reports on the company. Credit Suisse Group assumed coverage on Tiffany & Co. in a research report on Monday. They issued an “outperform” rating and a $120.00 price objective for the company. Loop Capital assumed coverage on Tiffany & Co. in a research report on Thursday, March 8th. They set a “hold” rating and a $103.00 target price for the company. Oppenheimer restated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Royal Bank of Canada boosted their target price on Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Wells Fargo & Co restated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th.
In related news, Director Michael Joseph Kowalski sold 3,806 shares of Tiffany & Co. stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $102.53, for a total transaction of $390,229.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philippe Galtie sold 673 shares of Tiffany & Co. stock in a transaction on Friday, January 19th. The stock was sold at an average price of $107.92, for a total value of $72,630.16. Following the sale, the insider now directly owns 673 shares of the company’s stock, valued at $72,630.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,832 shares of company stock valued at $14,611,214. 1.30% of the stock is owned by insiders.
Tiffany & Co. (NYSE TIF) opened at $101.29 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. Tiffany & Co. has a 52-week low of $84.15 and a 52-week high of $111.44. The stock has a market capitalization of $12,590.00, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 2.14 and a beta of 1.78.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.62%.
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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. 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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