Tiffany & Co. (NYSE:TIF)‘s stock had its “buy” rating reissued by equities research analysts at Mizuho in a report released on Tuesday.
TIF has been the topic of a number of other reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, August 24th. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Monday, October 31st. Guggenheim started coverage on shares of Tiffany & Co. in a research note on Friday, September 30th. They issued a “buy” rating and a $85.00 price objective on the stock. Wells Fargo & Co. reaffirmed an “underperform” rating on shares of Tiffany & Co. in a research note on Wednesday, November 16th. Finally, Royal Bank Of Canada increased their target price on shares of Tiffany & Co. from $65.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Friday, August 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $78.95.
Shares of Tiffany & Co. (NYSE:TIF) traded up 6.13% during midday trading on Tuesday, reaching $82.93. 2,986,243 shares of the company’s stock traded hands. The firm has a market cap of $10.36 billion, a PE ratio of 23.65 and a beta of 1.84. The company has a 50 day moving average of $74.94 and a 200 day moving average of $67.93. Tiffany & Co. has a 52-week low of $56.99 and a 52-week high of $84.40.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Tuesday, November 29th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The company had revenue of $949.30 million for the quarter, compared to analyst estimates of $922.60 million. During the same period in the prior year, the firm posted $0.70 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that Tiffany & Co. will post $3.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Tuesday, December 20th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.31%. Tiffany & Co.’s dividend payout ratio (DPR) is currently 51.28%.
In related news, SVP Philippe Galtie sold 482 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total value of $34,708.82. Following the sale, the senior vice president now directly owns 670 shares of the company’s stock, valued at $48,246.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Welch Group LLC bought a new stake in shares of Tiffany & Co. during the third quarter worth $111,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Tiffany & Co. during the second quarter worth $103,000. Advisory Services Network LLC increased its stake in shares of Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock worth $114,000 after buying an additional 225 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock worth $124,000 after buying an additional 184 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock worth $132,000 after buying an additional 2,141 shares in the last quarter. 87.59% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. Company Profile