Jefferies Group LLC Reiterates “Positive” Rating for Tiffany & Co. (TIF)

Jefferies Group LLC reissued their positive rating on shares of Tiffany & Co. (NYSE:TIF) in a report released on Wednesday. The brokerage currently has a $102.00 price target on the stock.

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.

Your IP Address:

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.

5 Day Chart for NYSE:TIF

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.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.