Shares of Tiffany & Co. (NYSE:TIF) have received an average recommendation of “Buy” from the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $107.85.
A number of research firms have recently issued reports on TIF. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Credit Suisse Group began coverage on shares of Tiffany & Co. in a research report on Monday, March 12th. They set an “outperform” rating and a $120.00 price objective on the stock. Guggenheim reissued a “buy” rating on shares of Tiffany & Co. in a research report on Thursday. Wells Fargo reissued a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. Finally, Loop Capital raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Thursday.
TIF stock opened at $95.58 on Friday. The stock has a market cap of $12,194.10, a PE ratio of 23.14, a P/E/G ratio of 2.01 and a beta of 1.77. The company has a current ratio of 5.50, a quick ratio of 2.39 and a debt-to-equity ratio of 0.27. Tiffany & Co. has a 1 year low of $84.15 and a 1 year high of $111.44.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Friday, March 16th. The specialty retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. sell-side analysts expect that Tiffany & Co. will post 4.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 20th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. Tiffany & Co.’s dividend payout ratio is presently 48.43%.
In other Tiffany & Co. news, insider Andrew W. Hart sold 40,251 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $109.22, for a total value of $4,396,214.22. Following the completion of the sale, the insider now owns 22,369 shares in the company, valued at approximately $2,443,142.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Francesco Trapani acquired 35,000 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The stock was purchased at an average price of $94.66 per share, with a total value of $3,313,100.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 77,000 shares of company stock worth $7,437,830 and sold 139,636 shares worth $14,979,843. Corporate insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Calton & Associates Inc. bought a new position in Tiffany & Co. in the 4th quarter worth approximately $118,000. Denali Advisors LLC bought a new position in Tiffany & Co. in the 4th quarter worth approximately $125,000. Sawyer & Company Inc bought a new position in Tiffany & Co. in the 4th quarter worth approximately $130,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Tiffany & Co. by 103.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after buying an additional 697 shares during the period. Finally, Osborne Partners Capital Management LLC bought a new position in Tiffany & Co. in the 4th quarter worth approximately $208,000. 83.27% of the stock is owned by institutional investors.
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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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