Tiffany & Co. (TIF) Given Average Rating of “Buy” by Brokerages

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.

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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.

5 Day Chart for NYSE:TIF

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