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.
TRADEMARK VIOLATION WARNING: “Brokerages Set Tiffany & Co. (TIF) Target Price at $102.07” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/20/brokerages-set-tiffany-co-tif-target-price-at-102-07.html.
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.
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.