Brokerages Set Tiffany & Co. (TIF) Target Price at $104.67

Tiffany & Co. (NYSE:TIF) has earned an average rating of “Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $105.63.

Several analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Wells Fargo restated a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. Loop Capital assumed coverage on shares of Tiffany & Co. in a report on Thursday, March 8th. They set a “hold” rating and a $103.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Tiffany & Co. in a report on Monday, December 18th. They set a “neutral” rating and a $103.00 target price on the stock.

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In other news, Director Robert S. Singer bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $99.49 per share, with a total value of $198,980.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Philippe Galtie sold 24,758 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the completion of the transaction, the senior vice president now directly owns 10,813 shares of the company’s stock, valued at $1,187,159.27. The disclosure for this sale can be found here. Insiders sold 135,832 shares of company stock valued at $14,611,214 over the last three months. 1.40% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in TIF. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Tiffany & Co. by 300.5% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock valued at $121,319,000 after buying an additional 991,802 shares in the last quarter. Two Sigma Advisers LP boosted its position in Tiffany & Co. by 280.7% during the fourth quarter. Two Sigma Advisers LP now owns 853,247 shares of the specialty retailer’s stock worth $88,695,000 after purchasing an additional 629,106 shares during the period. TIAA CREF Investment Management LLC boosted its position in Tiffany & Co. by 73.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,476,404 shares of the specialty retailer’s stock worth $153,472,000 after purchasing an additional 626,533 shares during the period. Teachers Advisors LLC boosted its position in Tiffany & Co. by 305.0% during the fourth quarter. Teachers Advisors LLC now owns 627,134 shares of the specialty retailer’s stock worth $65,191,000 after purchasing an additional 472,283 shares during the period. Finally, Discovery Capital Management LLC CT boosted its position in Tiffany & Co. by 137.3% during the fourth quarter. Discovery Capital Management LLC CT now owns 760,601 shares of the specialty retailer’s stock worth $79,064,000 after purchasing an additional 440,103 shares during the period. 83.26% of the stock is owned by institutional investors and hedge funds.

Shares of Tiffany & Co. (NYSE TIF) traded down $5.20 during mid-day trading on Wednesday, reaching $97.51. 8,269,175 shares of the company’s stock traded hands, compared to its average volume of 1,075,972. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The firm has a market cap of $12,764.53, a P/E ratio of 26.21, a P/E/G ratio of 2.16 and a beta of 1.78. 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 earnings results on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, topping the consensus estimate of $1.63 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. sell-side analysts forecast that Tiffany & Co. will post 4.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. Tiffany & Co.’s dividend payout ratio is presently 53.76%.

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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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