Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada cut their price target on Tiffany & Co. from $68.00 to $65.00 and set a sector perform rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley reiterated a hold rating on shares of Tiffany & Co. in a research note on Monday, August 15th. Mizuho boosted their price target on Tiffany & Co. from $72.00 to $82.00 and gave the stock a buy rating in a research note on Tuesday, August 23rd. Citigroup Inc. boosted their price target on Tiffany & Co. from $71.00 to $79.00 and gave the stock a neutral rating in a research note on Friday, August 26th. Finally, Zacks Investment Research upgraded Tiffany & Co. from a sell rating to a hold rating in a research note on Friday, August 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Tiffany & Co. presently has an average rating of Buy and an average target price of $79.14.
Tiffany & Co. (NYSE:TIF) opened at 72.80 on Friday. The stock has a market capitalization of $9.09 billion, a P/E ratio of 20.76 and a beta of 2.07. The firm has a 50 day moving average price of $70.76 and a 200 day moving average price of $67.02. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $84.19.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, August 25th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company earned $932 million during the quarter, compared to the consensus estimate of $931.37 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts predict that Tiffany & Co. will post $3.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Tuesday, September 20th will be issued a $0.45 dividend. The ex-dividend date is Friday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.47%. Tiffany & Co.’s payout ratio is currently 51.28%.
In related news, insider Jean-Marc Bellaiche sold 775 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $61.78, for a total transaction of $47,879.50. Following the completion of the sale, the insider now directly owns 2,179 shares in the company, valued at $134,618.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Philippe Galtie sold 482 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total value of $34,708.82. Following the sale, the senior vice president now owns 670 shares of the company’s stock, valued at $48,246.70. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Telemus Capital LLC raised its stake in shares of Tiffany & Co. by 10.1% in the third quarter. Telemus Capital LLC now owns 5,434 shares of the company’s stock valued at $395,000 after buying an additional 500 shares in the last quarter. Evercore Wealth Management LLC raised its stake in shares of Tiffany & Co. by 3.4% in the second quarter. Evercore Wealth Management LLC now owns 10,925 shares of the company’s stock valued at $662,000 after buying an additional 364 shares in the last quarter. Carnick & Kubik Group LLC purchased a new stake in shares of Tiffany & Co. during the second quarter valued at about $206,000. Williams Jones & Associates LLC raised its stake in shares of Tiffany & Co. by 298.8% in the second quarter. Williams Jones & Associates LLC now owns 4,850 shares of the company’s stock valued at $294,000 after buying an additional 3,634 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Tiffany & Co. during the second quarter valued at about $268,000. Institutional investors and hedge funds own 85.66% 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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