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.
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%.
ILLEGAL ACTIVITY NOTICE: “Tiffany & Co. (TIF) Given New $93.00 Price Target at Telsey Advisory Group” was originally published by Web Breaking News and is the sole property of of Web Breaking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at http://www.webbreakingnews.com/2017/03/20/tiffany-co-tif-price-target-raised-to-110-00-at-telsey-advisory-group.html.
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.
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.