Tiffany & Co. (TIF) Given a $91.00 Price Target by Cowen and Company Analysts
Other equities analysts also recently issued research reports about the stock. Mizuho reissued a buy rating and issued a $82.00 price objective on shares of Tiffany & Co. in a report on Tuesday. Jefferies Group raised their price objective on shares of Tiffany & Co. from $85.00 to $100.00 and gave the stock a buy rating in a report on Monday, November 14th. Morgan Stanley reissued a hold rating on shares of Tiffany & Co. in a report on Monday, August 15th. Citigroup Inc. raised their price objective on shares of Tiffany & Co. from $71.00 to $79.00 and gave the stock a neutral rating in a report on Friday, August 26th. Finally, Oppenheimer Holdings Inc. raised their price objective on shares of Tiffany & Co. from $80.00 to $87.00 and gave the stock an outperform rating in a report on Wednesday, November 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $79.43.
Tiffany & Co. (NYSE:TIF) opened at 80.60 on Tuesday. The stock has a market cap of $10.07 billion, a PE ratio of 22.99 and a beta of 1.84. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $84.40. The firm has a 50-day moving average of $74.94 and a 200-day moving average of $67.93.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Tuesday, November 29th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $949.30 million for the quarter. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Analysts expect that Tiffany & Co. will post $3.66 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Tuesday, December 20th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.23%. Tiffany & Co.’s payout ratio is currently 51.28%.
In related news, SVP Philippe Galtie sold 482 shares of Tiffany & Co. stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total value of $34,708.82. Following the completion of the sale, the senior vice president now directly owns 670 shares in the company, valued at $48,246.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC increased its stake in Tiffany & Co. by 261.2% in the second quarter. First Eagle Investment Management LLC now owns 3,876,154 shares of the company’s stock valued at $235,050,000 after buying an additional 2,803,126 shares during the last quarter. International Value Advisers LLC purchased a new stake in Tiffany & Co. during the second quarter valued at $67,971,000. Victory Capital Management Inc. increased its stake in Tiffany & Co. by 80.2% in the second quarter. Victory Capital Management Inc. now owns 1,444,603 shares of the company’s stock valued at $87,600,000 after buying an additional 642,759 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Tiffany & Co. during the second quarter valued at $30,028,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Tiffany & Co. by 23.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,078,657 shares of the company’s stock valued at $150,973,000 after buying an additional 389,151 shares during the last quarter. Hedge funds and other institutional investors own 87.59% of the company’s stock.
About Tiffany & Co.
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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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