Tiffany & Co. (NYSE:TIF) has been given a consensus recommendation of “Buy” by the twenty-five brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $89.21.
A number of research analysts recently weighed in on the stock. Citigroup Inc raised their price target on shares of Tiffany & Co. from $81.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, March 20th. Telsey Advisory Group decreased their price target on shares of Tiffany & Co. from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Monday, March 20th. William Blair raised shares of Tiffany & Co. from a “market perform” rating to an “outperform” rating in a research note on Monday, March 20th. Cowen and Company raised their price target on shares of Tiffany & Co. from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, March 20th. Finally, Instinet raised their price target on shares of Tiffany & Co. from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, March 20th.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Mideast Time and is owned by of Mideast Time. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.mideasttime.com/tiffany-co-tif-given-average-rating-of-buy-by-brokerages/1589468.html.
In other news, Director Abby F. Kohnstamm sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $94.91, for a total transaction of $711,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John S. Barresi sold 1,027 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $94.38, for a total transaction of $96,928.26. The disclosure for this sale can be found here. Insiders have sold a total of 68,398 shares of company stock valued at $6,142,737 in the last 90 days. Insiders own 1.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems purchased a new stake in shares of Tiffany & Co. during the second quarter worth about $565,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Tiffany & Co. during the second quarter worth about $268,000. Oregon Public Employees Retirement Fund increased its stake in shares of Tiffany & Co. by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,212 shares of the company’s stock worth $1,831,000 after buying an additional 840 shares in the last quarter. Creative Planning increased its stake in shares of Tiffany & Co. by 39.2% in the third quarter. Creative Planning now owns 15,009 shares of the company’s stock worth $1,090,000 after buying an additional 4,224 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Tiffany & Co. by 3.2% in the third quarter. Capstone Asset Management Co. now owns 8,904 shares of the company’s stock worth $647,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
Shares of Tiffany & Co. (NYSE:TIF) traded down 0.20% on Monday, hitting $95.19. The company’s stock had a trading volume of 678,107 shares. The stock has a 50-day moving average price of $87.97 and a 200 day moving average price of $79.22. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 26.81 and a beta of 1.89. Tiffany & Co. has a one year low of $56.99 and a one year high of $96.42.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Friday, March 17th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. Tiffany & Co. had a net margin of 11.33% and a return on equity of 15.97%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.46 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts predict that Tiffany & Co. will post $3.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, March 20th will be issued a dividend of $0.45 per share. The ex-dividend date 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 currently 50.42%.
About Tiffany & Co.
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.