Shares of Tiffany & Co. (NYSE:TIF) have received an average rating of “Buy” from the twenty-two analysts that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $93.21.
Several equities research analysts recently weighed in on TIF shares. Jefferies Group LLC set a $110.00 price objective on shares of Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, August 14th. BidaskClub lowered shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Bank of America Corporation reiterated a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, June 28th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price objective on shares of Tiffany & Co. and gave the stock a “buy” rating in a research note on Thursday, August 24th.
In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total value of $414,304,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francesco Trapani acquired 56,064 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $88.03 per share, with a total value of $4,935,313.92. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 267,064 shares of company stock valued at $23,789,094. 1.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Tiffany & Co. by 2.6% in the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after acquiring an additional 310,235 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock valued at $665,271,000 after acquiring an additional 6,747,028 shares in the last quarter. State Street Corp boosted its holdings in shares of Tiffany & Co. by 0.3% in the first quarter. State Street Corp now owns 4,884,771 shares of the specialty retailer’s stock valued at $465,549,000 after acquiring an additional 12,498 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Tiffany & Co. by 2.7% in the second quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock valued at $388,715,000 after acquiring an additional 109,926 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in shares of Tiffany & Co. by 2.2% in the second quarter. Investec Asset Management LTD now owns 2,098,510 shares of the specialty retailer’s stock valued at $196,987,000 after acquiring an additional 44,516 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.
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Tiffany & Co. (TIF) traded down 0.55% during trading on Friday, hitting $94.42. The company had a trading volume of 1,141,151 shares. Tiffany & Co. has a 12 month low of $71.46 and a 12 month high of $97.29. The company has a market cap of $11.76 billion, a PE ratio of 25.64 and a beta of 1.92. The company’s 50 day moving average price is $91.84 and its 200-day moving average price is $91.86.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. Tiffany & Co.’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Equities analysts expect that Tiffany & Co. will post $3.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio (DPR) is 54.35%.
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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