Several other research analysts have also issued reports on TIF. Oppenheimer lowered Tiffany & Co. from an outperform rating to a market perform rating and set a $145.00 target price for the company. in a research report on Friday, August 10th. Zacks Investment Research lowered Tiffany & Co. from a buy rating to a hold rating in a research report on Tuesday, August 21st. Bank of America lowered Tiffany & Co. from a buy rating to a neutral rating and set a $140.00 target price for the company. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. Jefferies Financial Group reaffirmed a buy rating and set a $160.00 target price on shares of Tiffany & Co. in a research report on Tuesday, August 28th. Finally, Loop Capital set a $155.00 target price on Tiffany & Co. and gave the stock a buy rating in a research report on Tuesday, August 28th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $121.52.
Shares of TIF opened at $86.02 on Tuesday. Tiffany & Co. has a 52 week low of $85.98 and a 52 week high of $141.64. The firm has a market capitalization of $11.08 billion, a PE ratio of 20.83, a PEG ratio of 1.66 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.86 and a quick ratio of 1.84.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. Tiffany & Co.’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. As a group, analysts expect that Tiffany & Co. will post 4.8 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 20th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $2.20 dividend on an annualized basis and a yield of 2.56%. Tiffany & Co.’s payout ratio is currently 53.27%.
In other Tiffany & Co. news, Director William A. Shutzer sold 250 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $126.29, for a total transaction of $31,572.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence K. Fish sold 8,898 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $127.96, for a total value of $1,138,588.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,148 shares of company stock valued at $2,839,461. Company insiders own 1.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of TIF. AustralianSuper Pty Ltd acquired a new stake in Tiffany & Co. during the 3rd quarter worth about $154,764,000. Jennison Associates LLC acquired a new stake in Tiffany & Co. during the 3rd quarter worth about $150,778,000. Millennium Management LLC grew its holdings in Tiffany & Co. by 81.2% during the 2nd quarter. Millennium Management LLC now owns 1,955,023 shares of the specialty retailer’s stock worth $257,281,000 after acquiring an additional 876,176 shares during the period. Renaissance Technologies LLC grew its holdings in Tiffany & Co. by 242.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,034,900 shares of the specialty retailer’s stock worth $136,193,000 after acquiring an additional 732,900 shares during the period. Finally, BlackRock Inc. grew its holdings in Tiffany & Co. by 5.8% during the 3rd quarter. BlackRock Inc. now owns 8,900,821 shares of the specialty retailer’s stock worth $1,147,940,000 after acquiring an additional 484,549 shares during the period. Hedge funds and other institutional investors own 79.60% of the company’s stock.
Tiffany & Co. Company Profile
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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