Tiffany & Co. (NYSE:TIF) had its target price lowered by Deutsche Bank from $94.00 to $90.00 in a research report sent to investors on Thursday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.
TIF has been the subject of a number of other research reports. ValuEngine upgraded Tiffany & Co. from a hold rating to a buy rating in a report on Wednesday. Morgan Stanley upped their price target on Tiffany & Co. from $94.00 to $126.00 and gave the stock an equal weight rating in a report on Thursday. Oppenheimer upped their price target on Tiffany & Co. from $105.00 to $115.00 and gave the stock an outperform rating in a report on Friday, May 4th. Royal Bank of Canada set a $126.00 price target on Tiffany & Co. and gave the stock a hold rating in a report on Friday. They noted that the move was a valuation call. Finally, Loop Capital upgraded Tiffany & Co. from a hold rating to a buy rating and set a $113.00 price target for the company in a report on Thursday, April 5th. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $117.00.
TIF traded up $2.86 on Thursday, reaching $129.30. 104,255 shares of the company’s stock were exchanged, compared to its average volume of 1,668,576. The company has a market cap of $15.67 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.75. Tiffany & Co. has a twelve month low of $84.35 and a twelve month high of $127.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.39 and a current ratio of 5.82.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, May 23rd. The specialty retailer reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.31. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $959.20 million. Tiffany & Co. had a net margin of 9.75% and a return on equity of 17.61%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. sell-side analysts predict that Tiffany & Co. will post 4.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Wednesday, June 20th will be paid a dividend of $0.55 per share. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.70%. Tiffany & Co.’s dividend payout ratio is 48.43%.
In other Tiffany & Co. news, Director Francesco Trapani bought 15,000 shares of Tiffany & Co. stock in a transaction dated Thursday, March 22nd. The stock was bought at an average cost of $98.11 per share, for a total transaction of $1,471,650.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Joseph Kowalski sold 3,806 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $102.53, for a total value of $390,229.18. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 75,000 shares of company stock valued at $7,238,850 and have sold 7,610 shares valued at $758,859. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of TIF. Bank of Montreal Can raised its position in shares of Tiffany & Co. by 141.9% during the 4th quarter. Bank of Montreal Can now owns 117,572 shares of the specialty retailer’s stock valued at $12,222,000 after acquiring an additional 68,960 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Tiffany & Co. by 0.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 371,811 shares of the specialty retailer’s stock valued at $38,650,000 after acquiring an additional 3,034 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Tiffany & Co. by 1.6% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 90,452 shares of the specialty retailer’s stock valued at $9,403,000 after acquiring an additional 1,404 shares in the last quarter. Strs Ohio raised its position in shares of Tiffany & Co. by 2.6% during the 4th quarter. Strs Ohio now owns 22,240 shares of the specialty retailer’s stock valued at $2,311,000 after acquiring an additional 570 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of Tiffany & Co. during the 4th quarter valued at approximately $125,000. 81.49% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. Company Profile
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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