HSBC set a $130.00 target price on Tiffany & Co. (NYSE:TIF) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the specialty retailer’s stock.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Tiffany & Co. from a hold rating to a buy rating and set a $139.00 price target on the stock in a research note on Thursday, October 4th. Loop Capital set a $155.00 price target on shares of Tiffany & Co. and gave the stock a buy rating in a research note on Tuesday, August 28th. Jefferies Financial Group reissued a buy rating and issued a $160.00 price target on shares of Tiffany & Co. in a research note on Tuesday, August 28th. ValuEngine raised shares of Tiffany & Co. from a hold rating to a buy rating in a research note on Tuesday, November 27th. Finally, Goldman Sachs Group decreased their price target on shares of Tiffany & Co. from $158.00 to $136.00 and set a buy rating on the stock in a research note on Thursday, November 29th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $121.52.
NYSE:TIF opened at $88.52 on Tuesday. The company has a current ratio of 5.86, a quick ratio of 1.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $11.08 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.72. Tiffany & Co. has a twelve month low of $86.51 and a twelve month high of $141.64.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.80 earnings per share. On average, research analysts anticipate that Tiffany & Co. will post 4.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 20th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.27%.
In other Tiffany & Co. news, Director William A. Shutzer sold 250 shares of Tiffany & Co. stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $126.29, for a total transaction of $31,572.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence K. Fish sold 7,000 shares of Tiffany & Co. stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $129.40, for a total transaction of $905,800.00. The disclosure for this sale can be found here. Insiders have sold 22,148 shares of company stock worth $2,839,461 over the last ninety days. 1.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Tiffany & Co. during the third quarter valued at about $103,000. Qube Research & Technologies Ltd increased its position in shares of Tiffany & Co. by 174.2% during the second quarter. Qube Research & Technologies Ltd now owns 998 shares of the specialty retailer’s stock valued at $131,000 after acquiring an additional 634 shares during the last quarter. Columbia Asset Management acquired a new stake in shares of Tiffany & Co. during the third quarter valued at about $132,000. Impax Asset Management LLC acquired a new stake in shares of Tiffany & Co. during the second quarter valued at about $206,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Tiffany & Co. by 266.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,629 shares of the specialty retailer’s stock valued at $214,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.
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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