Tiffany & Co. (NYSE:TIF) has received a consensus rating of “Buy” from the twenty analysts that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $107.85.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price objective on Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, January 24th. Wells Fargo reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. Loop Capital assumed coverage on Tiffany & Co. in a research note on Thursday, March 8th. They issued a “hold” rating and a $103.00 price objective for the company. Finally, JPMorgan Chase assumed coverage on Tiffany & Co. in a research note on Monday, December 18th. They issued a “neutral” rating and a $103.00 price objective for the company.
NYSE TIF traded up $0.32 during trading on Friday, hitting $98.77. The stock had a trading volume of 538,086 shares, compared to its average volume of 1,698,555. The company has a market cap of $12,141.90, a P/E ratio of 23.88, a P/E/G ratio of 2.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.50 and a quick ratio of 2.39. Tiffany & Co. has a twelve month low of $84.15 and a twelve month high of $111.44.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Friday, March 16th. The specialty retailer reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Tiffany & Co. had a return on equity of 16.32% and a net margin of 8.87%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. analysts anticipate that Tiffany & Co. will post 4.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 10th. Investors of record on Tuesday, March 20th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.02%. The ex-dividend date was Monday, March 19th. Tiffany & Co.’s payout ratio is 48.43%.
In other Tiffany & Co. news, Director Francesco Trapani bought 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was purchased at an average price of $94.66 per share, for a total transaction of $3,313,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Roger N. Farah bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were acquired at an average price of $97.66 per share, with a total value of $976,600.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 77,000 shares of company stock valued at $7,437,830 and have sold 139,636 shares valued at $14,979,843. 1.40% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of TIF. Nationwide Fund Advisors lifted its stake in 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 purchasing an additional 3,539 shares during the last quarter. New York State Common Retirement Fund increased its position in Tiffany & Co. by 1.4% during the third quarter. New York State Common Retirement Fund now owns 251,150 shares of the specialty retailer’s stock worth $23,051,000 after buying an additional 3,500 shares during the period. Wells Fargo & Company MN increased its position in Tiffany & Co. by 10.9% during the third quarter. Wells Fargo & Company MN now owns 230,213 shares of the specialty retailer’s stock worth $21,129,000 after buying an additional 22,685 shares during the period. Schwab Charles Investment Management Inc. increased its position in Tiffany & Co. by 1.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 368,777 shares of the specialty retailer’s stock worth $33,847,000 after buying an additional 4,662 shares during the period. Finally, KBC Group NV increased its position in 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 buying an additional 13,013 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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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