Research analysts at Credit Agricole SA started coverage on shares of Tiffany & Co. (NYSE:TIF) in a research note issued on Wednesday. The firm set an “outperform” rating and a $80.00 price target on the stock. Credit Agricole SA’s price objective indicates a potential upside of 12.36% from the company’s current price.
A number of other research analysts have also commented on TIF. Cowen and Company reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Tiffany & Co. in a report on Wednesday, June 1st. Wells Fargo & Co. reaffirmed a “sell” rating and issued a $58.00 price objective on shares of Tiffany & Co. in a report on Monday, June 27th. Royal Bank Of Canada decreased their price objective on Tiffany & Co. from $68.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 12th. Jefferies Group reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Thursday, July 14th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Tiffany & Co. has a consensus rating of “Buy” and an average target price of $78.88.
Tiffany & Co. (NYSE:TIF) traded down 0.63% on Wednesday, hitting $71.20. The company had a trading volume of 993,147 shares. Tiffany & Co. has a 12-month low of $56.99 and a 12-month high of $84.19. The firm has a 50-day moving average price of $69.76 and a 200-day moving average price of $66.95. The firm has a market capitalization of $8.89 billion, a PE ratio of 20.31 and a beta of 2.06.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The firm had revenue of $932 million for the quarter, compared to analyst estimates of $931.37 million. During the same period in the prior year, the firm posted $0.86 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Tiffany & Co. will post $3.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.53%. Tiffany & Co.’s dividend payout ratio (DPR) is 51.28%.
In other news, SVP Philippe Galtie sold 482 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction of $34,708.82. Following the completion of the transaction, the senior vice president now directly owns 670 shares in the company, valued at $48,246.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Marc Bellaiche sold 775 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $61.78, for a total value of $47,879.50. Following the transaction, the insider now owns 2,179 shares of the company’s stock, valued at $134,618.62. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Tiffany & Co. during the second quarter worth about $103,000. Advisory Services Network LLC increased its position in shares of Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock worth $114,000 after buying an additional 225 shares during the period. Pacer Advisors Inc. boosted its stake in Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock valued at $124,000 after buying an additional 184 shares in the last quarter. Signaturefd LLC boosted its stake in Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock valued at $132,000 after buying an additional 2,141 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in Tiffany & Co. by 397.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,654 shares of the company’s stock valued at $161,000 after buying an additional 2,121 shares in the last quarter. Institutional investors 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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