Brokerages Set Tiffany & Co. (TIF) Target Price at $102.07

Tiffany & Co. (NYSE:TIF) has been assigned an average rating of “Buy” from the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $102.07.

TIF has been the subject of several analyst reports. Cowen set a $102.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Tiffany & Co. in a report on Wednesday, November 29th. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Monday, November 27th. Citigroup raised Tiffany & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $92.00 to $115.00 in a report on Thursday, December 14th. Finally, Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the company a “hold” rating in a report on Thursday, November 30th.

Shares of Tiffany & Co. (NYSE TIF) traded down $0.22 during midday trading on Friday, reaching $101.25. The company’s stock had a trading volume of 448,522 shares, compared to its average volume of 1,500,868. The firm has a market cap of $12,610.43, a PE ratio of 27.25, a PEG ratio of 2.13 and a beta of 1.80. 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.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The firm had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. equities research analysts expect that Tiffany & Co. will post 4.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 1.98%. Tiffany & Co.’s payout ratio is 53.76%.

In related news, Director Abby F. Kohnstamm sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $108.73, for a total transaction of $1,087,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Philippe Galtie sold 673 shares of the business’s 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 owns 673 shares in the company, valued at approximately $72,630.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,217 shares of company stock worth $10,076,469. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Calton & Associates Inc. bought a new stake in Tiffany & Co. during the 4th quarter worth $118,000. Denali Advisors LLC bought a new stake in Tiffany & Co. during the 4th quarter worth $125,000. Sawyer & Company Inc bought a new stake in Tiffany & Co. during the 4th quarter worth $130,000. QS Investors LLC grew its position in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Tiffany & Co. by 103.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 697 shares during the last quarter. Institutional investors and hedge funds own 81.34% of the company’s stock.

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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.

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

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