A number of other research firms have also weighed in on TIF. Zacks Investment Research lowered Tiffany & Co. from a hold rating to a sell rating in a report on Thursday, November 17th. Mizuho lowered Tiffany & Co. from a buy rating to a neutral rating and reduced their target price for the company from $90.00 to $74.00 in a report on Monday, February 6th. Cowen and Company reaffirmed an outperform rating and set a $91.00 target price on shares of Tiffany & Co. in a report on Wednesday, February 22nd. Oppenheimer Holdings Inc. lifted their target price on Tiffany & Co. from $80.00 to $87.00 and gave the company an outperform rating in a report on Wednesday, November 23rd. Finally, Wells Fargo & Co reaffirmed an underperform rating on shares of Tiffany & Co. in a report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Tiffany & Co. has a consensus rating of Buy and a consensus price target of $88.34.
Tiffany & Co. (NYSE:TIF) opened at 93.83 on Wednesday. The stock has a 50 day moving average price of $85.64 and a 200 day moving average price of $78.42. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $94.65. The firm has a market cap of $11.68 billion, a P/E ratio of 26.28 and a beta of 1.89.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Friday, March 17th. The company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The business earned $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. On average, analysts anticipate that Tiffany & Co. will post $3.90 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, March 20th will be given 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 yield of 1.92%. Tiffany & Co.’s payout ratio is 50.42%.
In other Tiffany & Co. news, insider Andrew W. Hart sold 21,504 shares of the business’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 completion of the sale, the insider now owns 7,786 shares in the company, valued at $623,892.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew W. Hart sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $77.98, for a total value of $106,598.66. Following the completion of the sale, the insider now owns 4,654 shares of the company’s stock, valued at approximately $362,918.92. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Tiffany & Co. during the fourth quarter valued at $101,000. Welch Group LLC bought a new stake in shares of Tiffany & Co. during the third quarter valued at $111,000. SRB Corp increased its stake in shares of Tiffany & Co. by 5.8% in the third quarter. SRB Corp now owns 2,263 shares of the company’s stock valued at $164,000 after buying an additional 124 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Tiffany & Co. by 333.3% in the third quarter. Acrospire Investment Management LLC now owns 2,600 shares of the company’s stock valued at $189,000 after buying an additional 2,000 shares during the last quarter. Finally, Virtus Investment Advisers Inc. bought a new stake in shares of Tiffany & Co. during the third quarter valued at $200,000. Hedge funds and other 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.
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