UBS Group upgraded shares of Tiffany & Co. (NYSE:TIF) from a market perform rating to an outperform rating in a research report report published on Wednesday, September 12th, The Fly reports.
A number of other equities research analysts also recently commented on TIF. Zacks Investment Research downgraded shares of Tiffany & Co. from a buy rating to a hold rating in a research report on Tuesday, August 21st. Loop Capital lifted their target price on shares of Tiffany & Co. to $150.00 and gave the stock a buy rating in a research report on Monday, July 16th. Credit Suisse Group lifted their target price on shares of Tiffany & Co. from $142.00 to $146.00 and gave the stock an outperform rating in a research report on Wednesday, August 29th. Telsey Advisory Group lifted their target price on shares of Tiffany & Co. from $140.00 to $150.00 and gave the stock an outperform rating in a research report on Wednesday, June 27th. Finally, Morgan Stanley lifted their target price on shares of Tiffany & Co. from $94.00 to $126.00 and gave the stock an equal weight rating in a research report on Thursday, May 24th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Tiffany & Co. currently has an average rating of Buy and a consensus price target of $131.75.
Shares of TIF stock traded down $0.12 during trading hours on Wednesday, hitting $121.88. 1,862,000 shares of the company’s stock traded hands, compared to its average volume of 1,694,408. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.35 and a beta of 1.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 6.05. Tiffany & Co. has a 12-month low of $90.46 and a 12-month high of $141.64.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Tuesday, August 28th. The specialty retailer reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.16. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Tiffany & Co. had a net margin of 10.16% and a return on equity of 18.67%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, sell-side analysts forecast that Tiffany & Co. will post 4.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Thursday, September 20th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, September 19th. Tiffany & Co.’s dividend payout ratio (DPR) is 53.27%.
In other news, Director Francesco Trapani bought 40,000 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were bought at an average price of $124.25 per share, for a total transaction of $4,970,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence K. Fish sold 7,000 shares of Tiffany & Co. stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $129.40, for a total transaction of $905,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 60,000 shares of company stock worth $7,435,050 and have sold 22,148 shares worth $2,839,461. 1.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. purchased a new stake in Tiffany & Co. in the 2nd quarter worth $5,851,000. Northern Trust Corp lifted its stake in Tiffany & Co. by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,392,475 shares of the specialty retailer’s stock worth $183,249,000 after purchasing an additional 22,714 shares in the last quarter. HRT Financial LLC purchased a new stake in Tiffany & Co. in the 2nd quarter worth $219,000. WINTON GROUP Ltd lifted its stake in Tiffany & Co. by 1,690.6% in the 2nd quarter. WINTON GROUP Ltd now owns 51,353 shares of the specialty retailer’s stock worth $6,758,000 after purchasing an additional 48,485 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in Tiffany & Co. in the 2nd quarter worth $7,909,000. Institutional investors own 79.69% of the company’s stock.
About Tiffany & Co.
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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