Tiffany & Co. (NYSE:TIF)‘s stock had its “hold” rating reiterated by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday. They currently have a $93.00 target price on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 0.88% from the stock’s current price.

Several other analysts also recently weighed in on TIF. Zacks Investment Research downgraded Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, November 17th. Oppenheimer Holdings Inc. increased their target price on Tiffany & Co. from $80.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, November 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a $75.50 target price on shares of Tiffany & Co. in a research report on Wednesday, November 23rd. Mizuho set a $82.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research report on Tuesday, November 29th. Finally, Cowen and Company set a $91.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research report on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $88.34.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

Tiffany & Co. (NYSE:TIF) opened at 93.83 on Friday. Tiffany & Co. has a 12 month low of $56.99 and a 12 month high of $94.65. The company has a 50 day moving average price of $85.64 and a 200 day moving average price of $78.42. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 26.28 and a beta of 1.89.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, March 20th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, March 16th. This represents a $1.80 annualized dividend and a yield of 1.92%. Tiffany & Co.’s dividend payout ratio is currently 50.42%.

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In related news, insider Andrew W. Hart sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $77.98, for a total transaction of $106,598.66. Following the completion of the sale, the insider now owns 4,654 shares of the company’s stock, valued at $362,918.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew W. Hart sold 21,504 shares of the firm’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 value of $1,723,115.52. Following the sale, the insider now directly owns 7,786 shares of the company’s stock, valued at approximately $623,892.18. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TIF. State Street Corp boosted its stake in Tiffany & Co. by 2.6% in the fourth quarter. State Street Corp now owns 4,872,273 shares of the company’s stock valued at $377,255,000 after buying an additional 121,512 shares in the last quarter. 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 valued at $331,771,000 after buying an additional 874,396 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in 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 valued at $283,674,000 after buying an additional 29,593 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in 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 valued at $209,581,000 after buying an additional 43,503 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 valued at $189,420,000 after buying an additional 299,036 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

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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