Other equities research analysts have also issued reports about the company. Cowen and Company reiterated a buy rating and set a $91.00 price target on shares of Tiffany & Co. in a report on Friday, December 9th. Jefferies Group LLC reiterated a buy rating on shares of Tiffany & Co. in a report on Tuesday, December 6th. Nomura lifted their price target on Tiffany & Co. from $76.00 to $84.00 and gave the company a buy rating in a report on Wednesday, November 30th. Mizuho set a $82.00 price target on Tiffany & Co. and gave the company a buy rating in a report on Tuesday, November 29th. Finally, Zacks Investment Research upgraded Tiffany & Co. from a hold rating to a buy rating and set a $86.00 price target for the company in a report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Tiffany & Co. has a consensus rating of Buy and a consensus price target of $88.34.
Tiffany & Co. (NYSE:TIF) traded up 1.3574% during trading on Friday, hitting $93.6745. The stock had a trading volume of 1,830,241 shares. The company’s 50-day moving average is $85.64 and its 200 day moving average is $78.42. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $94.65. The firm has a market cap of $11.66 billion, a PE ratio of 26.2320 and a beta of 1.89.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Friday, March 17th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business earned $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. Equities analysts expect that Tiffany & Co. will post $3.90 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Monday, March 20th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, March 16th. Tiffany & Co.’s dividend payout ratio is currently 50.42%.
In other news, insider Andrew W. Hart sold 21,504 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 7,786 shares in the company, valued at $623,892.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew W. Hart sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $77.98, for a total value of $106,598.66. Following the sale, the insider now owns 4,654 shares in the company, valued at $362,918.92. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Tiffany & Co. during the fourth quarter worth about $124,477,000. Investec Asset Management LTD purchased a new stake in Tiffany & Co. during the fourth quarter worth about $85,552,000. Franklin Resources Inc. boosted its stake in 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. Cooke & Bieler LP boosted its stake in Tiffany & Co. by 92.0% in the third quarter. Cooke & Bieler LP now owns 635,402 shares of the company’s stock worth $46,149,000 after buying an additional 304,402 shares in the last quarter. Finally, FMR LLC boosted its stake in 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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