Jefferies Financial Group restated their buy rating on shares of Tiffany & Co. (NYSE:TIF) in a report released on Tuesday, The Fly reports. Jefferies Financial Group currently has a $160.00 price target on the specialty retailer’s stock. Jefferies Financial Group also issued estimates for Tiffany & Co.’s FY2019 earnings at $5.00 EPS and FY2020 earnings at $6.00 EPS.

TIF has been the subject of a number of other reports. ValuEngine upgraded Tiffany & Co. from a hold rating to a buy rating in a research report on Wednesday, May 23rd. Goldman Sachs Group began coverage on Tiffany & Co. in a research report on Monday, June 25th. They set a buy rating and a $165.00 price objective for the company. Morgan Stanley raised their price objective on Tiffany & Co. from $94.00 to $126.00 and gave the stock an equal weight rating in a research report on Thursday, May 24th. UBS Group started coverage on Tiffany & Co. in a research report on Thursday, June 21st. They set a neutral rating and a $138.00 price objective for the company. Finally, Oppenheimer lifted their target price on Tiffany & Co. from $105.00 to $115.00 and gave the stock an outperform rating in a report on Friday, May 4th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $131.00.

Shares of TIF opened at $123.11 on Tuesday. Tiffany & Co. has a 1 year low of $86.15 and a 1 year high of $141.64. The company has a quick ratio of 2.43, a current ratio of 5.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $16.12 billion, a PE ratio of 29.81, a P/E/G ratio of 2.35 and a beta of 1.79.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Tuesday, August 28th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.16. Tiffany & Co. had a return on equity of 17.61% and a net margin of 9.75%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. research analysts anticipate that Tiffany & Co. will post 4.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Thursday, September 20th will be issued a $0.55 dividend. The ex-dividend date is Wednesday, September 19th. This represents a $2.20 dividend on an annualized basis and a yield of 1.79%. Tiffany & Co.’s payout ratio is currently 53.27%.

In other news, insider Leigh M. Harlan sold 699 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $133.61, for a total transaction of $93,393.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gretchen Koback-Pursel sold 881 shares of the business’s stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $133.66, for a total value of $117,754.46. Following the sale, the insider now owns 883 shares of the company’s stock, valued at approximately $118,021.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,253 shares of company stock valued at $302,171. 1.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of Tiffany & Co. by 3.4% during the second quarter. CIBC Asset Management Inc now owns 11,784 shares of the specialty retailer’s stock valued at $1,551,000 after acquiring an additional 387 shares in the last quarter. Townsend & Associates Inc increased its holdings in shares of Tiffany & Co. by 6.0% during the second quarter. Townsend & Associates Inc now owns 7,056 shares of the specialty retailer’s stock valued at $929,000 after acquiring an additional 400 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Tiffany & Co. by 2.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 22,389 shares of the specialty retailer’s stock valued at $2,946,000 after acquiring an additional 498 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Tiffany & Co. by 1.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,290 shares of the specialty retailer’s stock valued at $3,739,000 after acquiring an additional 515 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Tiffany & Co. by 2.3% during the second quarter. Comerica Bank now owns 25,354 shares of the specialty retailer’s stock valued at $3,405,000 after acquiring an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

About Tiffany & Co.

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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

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