Several other research firms also recently weighed in on TIF. Citigroup raised Tiffany & Co. from a neutral rating to a buy rating and raised their price objective for the company from $92.00 to $115.00 in a research note on Thursday, December 14th. Oppenheimer reissued a buy rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Zacks Investment Research cut Tiffany & Co. from a buy rating to a hold rating in a report on Monday, November 13th. Susquehanna Bancshares assumed coverage on Tiffany & Co. in a report on Thursday, November 2nd. They set a neutral rating and a $100.00 price objective on the stock. Finally, Goldman Sachs Group cut Tiffany & Co. from a buy rating to a neutral rating and reduced their target price for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $102.00.
Tiffany & Co. (NYSE:TIF) traded down $0.94 on Wednesday, hitting $108.05. The stock had a trading volume of 1,930,310 shares, compared to its average volume of 1,500,000. 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 $13,430.00, a PE ratio of 28.97, a P/E/G ratio of 2.50 and a beta of 1.93. Tiffany & Co. has a 1-year low of $77.15 and a 1-year high of $110.17.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. sell-side analysts expect that Tiffany & Co. will post 3.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 53.62%.
Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in shares of Tiffany & Co. by 25.5% during the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock worth $3,455,000 after purchasing an additional 7,484 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Tiffany & Co. during the third quarter worth about $274,000. Investec Asset Management LTD increased its position in shares of Tiffany & Co. by 9.1% during the third quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after acquiring an additional 191,783 shares during the last quarter. KBC Group NV increased its position in shares of Tiffany & Co. by 50.5% during the third quarter. KBC Group NV now owns 38,769 shares of the specialty retailer’s stock worth $3,558,000 after acquiring an additional 13,013 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Tiffany & Co. by 11.6% during the third quarter. Nationwide Fund Advisors now owns 33,935 shares of the specialty retailer’s stock worth $3,115,000 after acquiring an additional 3,539 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.
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.
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