Tiffany & Co. (NYSE:TIF) has been given an average recommendation of “Buy” by the twenty-six brokerages that are currently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $127.05.
A number of brokerages recently commented on TIF. ValuEngine upgraded Tiffany & Co. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. Goldman Sachs Group began coverage on Tiffany & Co. in a research note on Monday. They issued a “buy” rating and a $165.00 target price for the company. Morgan Stanley upped their target price on Tiffany & Co. from $94.00 to $126.00 and gave the company an “equal weight” rating in a research note on Thursday, May 24th. UBS Group began coverage on Tiffany & Co. in a research note on Thursday, June 21st. They issued a “neutral” rating and a $138.00 target price for the company. Finally, Oppenheimer upped their target price on Tiffany & Co. from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 4th.
In other Tiffany & Co. news, Director Francesco Trapani bought 10,000 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were bought at an average price of $98.55 per share, for a total transaction of $985,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leigh M. Harlan sold 4,046 shares of the stock in a transaction on Friday, May 25th. The stock was sold at an average price of $129.01, for a total value of $521,974.46. Following the sale, the insider now owns 9,916 shares in the company, valued at approximately $1,279,263.16. The disclosure for this sale can be found here. Insiders have sold 71,407 shares of company stock worth $9,389,318 in the last 90 days. Company insiders own 1.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in TIF. Mission Wealth Management LP bought a new stake in shares of Tiffany & Co. during the first quarter worth $205,000. Albion Financial Group UT acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $212,000. Signaturefd LLC acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $218,000. Wetherby Asset Management Inc. acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $227,000. Finally, IBM Retirement Fund acquired a new position in shares of Tiffany & Co. during the first quarter valued at $231,000. Institutional investors own 81.54% of the company’s stock.
Shares of NYSE TIF traded down $1.30 during trading hours on Friday, reaching $132.31. The stock had a trading volume of 1,052,376 shares, compared to its average volume of 1,735,097. The company has a current ratio of 5.82, a quick ratio of 2.43 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 2.40 and a beta of 1.82. Tiffany & Co. has a twelve month low of $86.15 and a twelve month high of $137.97.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, May 23rd. The specialty retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.31. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $959.20 million. Tiffany & Co. had a return on equity of 17.61% and a net margin of 9.75%. Tiffany & Co.’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. research analysts anticipate that Tiffany & Co. will post 4.69 earnings per share for the current fiscal 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 issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, June 19th. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.50. Tiffany & Co.’s dividend payout ratio is presently 53.27%.
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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