Tiffany & Co. (TIF) Given New $93.00 Price Target at Telsey Advisory Group

Tiffany & Co. (NYSE:TIF) had its target price decreased by research analysts at Telsey Advisory Group from $110.00 to $93.00 in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s target price suggests a potential downside of 2.22% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. William Blair upgraded Tiffany & Co. from a “market perform” rating to an “outperform” rating in a research report on Monday. Cowen and Company raised their price objective on Tiffany & Co. from $91.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday. Instinet raised their price objective on Tiffany & Co. from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Saturday, March 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $93.00 target price on shares of Tiffany & Co. in a research note on Friday, March 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $88.34.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

Tiffany & Co. (NYSE:TIF) traded up 0.68% during midday trading on Monday, reaching $95.76. 1,023,048 shares of the company were exchanged. Tiffany & Co. has a 52-week low of $56.99 and a 52-week high of $96.23. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 26.97 and a beta of 1.89. The firm’s 50-day moving average price is $86.99 and its 200 day moving average price is $78.98.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Friday, March 17th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The company earned $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $1.46 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that Tiffany & Co. will post $3.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, March 20th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. Tiffany & Co.’s dividend payout ratio is presently 50.42%.

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In other news, insider Andrew W. Hart sold 21,504 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $80.13, for a total value of $1,723,115.52. Following the transaction, the insider now owns 7,786 shares in the company, valued at $623,892.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John S. Barresi sold 1,027 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $94.38, for a total value of $96,928.26. The disclosure for this sale can be found here. Insiders sold 23,898 shares of company stock worth $1,926,642 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tiffany & Co. during the fourth quarter worth $101,000. Welch Group LLC bought a new position in Tiffany & Co. during the third quarter worth $111,000. SRB Corp raised its position in Tiffany & Co. by 5.8% in the third quarter. SRB Corp now owns 2,263 shares of the company’s stock worth $164,000 after buying an additional 124 shares in the last quarter. Acrospire Investment Management LLC raised its position in Tiffany & Co. by 333.3% in the third quarter. Acrospire Investment Management LLC now owns 2,600 shares of the company’s stock worth $189,000 after buying an additional 2,000 shares in the last quarter. Finally, Cleararc Capital Inc. bought a new position in Tiffany & Co. during the fourth quarter worth $201,000. Institutional investors own 86.38% 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. 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.

5 Day Chart for NYSE:TIF

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