Jefferies Group LLC Reaffirms Positive Rating for Tiffany & Co. (TIF)

Jefferies Group LLC reaffirmed their positive rating on shares of Tiffany & Co. (NYSE:TIF) in a report issued on Wednesday. Jefferies Group LLC currently has a $102.00 price target on the stock.

Several other research analysts have also commented on the stock. Instinet lifted their price objective on shares of Tiffany & Co. from $84.00 to $98.00 and gave the stock a buy rating in a research note on Monday, March 6th. Cowen and Company reaffirmed an outperform rating and set a $91.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, February 22nd. HSBC Holdings plc lowered shares of Tiffany & Co. from a buy rating to a hold rating and set a $87.00 price objective for the company. in a research note on Monday, February 6th. William Blair reaffirmed a market perform rating on shares of Tiffany & Co. in a research note on Monday, February 6th. Finally, Mizuho lowered shares of Tiffany & Co. from a buy rating to a neutral rating and lowered their target price for the company from $90.00 to $74.00 in a research note on Monday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $88.34.

Tiffany & Co. (NYSE:TIF) opened at 93.72 on Wednesday. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $94.00. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 26.24 and a beta of 1.89. The company has a 50 day moving average of $85.64 and a 200 day moving average of $78.42.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Friday, March 17th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The company earned $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Tiffany & Co. had a net margin of 11.33% and a return on equity of 15.97%. Tiffany & Co.’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share. On average, equities analysts forecast that Tiffany & Co. will post $3.90 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Monday, March 20th will be issued a $0.45 dividend. The ex-dividend date is Thursday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.95%. Tiffany & Co.’s dividend payout ratio is presently 50.42%.

In other Tiffany & Co. news, insider Andrew W. Hart sold 1,367 shares of the business’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $77.98, for a total value of $106,598.66. Following the completion of the transaction, the insider now directly owns 4,654 shares in the company, valued at $362,918.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew W. Hart sold 21,504 shares of the business’s stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $80.13, for a total transaction of $1,723,115.52. Following the completion of the transaction, the insider now owns 7,786 shares of the company’s stock, valued at $623,892.18. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Tiffany & Co. by 2.6% in the fourth quarter. State Street Corp now owns 4,872,273 shares of the company’s stock worth $377,255,000 after buying an additional 121,512 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Tiffany & Co. by 25.6% in the fourth quarter. Franklin Resources Inc. now owns 4,284,780 shares of the company’s stock worth $331,771,000 after buying an additional 874,396 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Tiffany & Co. by 0.8% in the third quarter. First Eagle Investment Management LLC now owns 3,905,747 shares of the company’s stock worth $283,674,000 after buying an additional 29,593 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Tiffany & Co. by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,885,604 shares of the company’s stock worth $209,581,000 after buying an additional 43,503 shares in the last quarter. Finally, FMR LLC increased its position in shares of Tiffany & Co. by 13.9% in the fourth quarter. FMR LLC now owns 2,446,337 shares of the company’s stock worth $189,420,000 after buying an additional 299,036 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

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.

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