Tiffany & Co. (NYSE:TIF) has been assigned a $82.00 price target by analysts at Mizuho in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Mizuho’s target price indicates a potential downside of 0.58% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Bank of America Corp. set a $75.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Royal Bank Of Canada boosted their target price on shares of Tiffany & Co. from $65.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Friday, August 26th. Zacks Investment Research downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Guggenheim started coverage on shares of Tiffany & Co. in a research report on Friday, September 30th. They set a “buy” rating and a $85.00 target price for the company. Finally, Citigroup Inc. boosted their target price on shares of Tiffany & Co. from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and an average price target of $79.78.

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

Tiffany & Co. (NYSE:TIF) traded up 2.33% on Tuesday, reaching $82.48. 4,315,586 shares of the company’s stock traded hands. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 23.53 and a beta of 1.84. The company’s 50 day moving average is $75.13 and its 200-day moving average is $68.05. Tiffany & Co. has a 52-week low of $56.99 and a 52-week high of $84.92.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Tuesday, November 29th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The firm earned $949.30 million during the quarter. During the same period last year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Tiffany & Co. will post $3.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Tuesday, December 20th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. Tiffany & Co.’s payout ratio is 51.28%.

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In other news, SVP Philippe Galtie sold 482 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total value of $34,708.82. Following the completion of the sale, the senior vice president now owns 670 shares of the company’s stock, valued at approximately $48,246.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Tiffany & Co. by 7.4% in the second quarter. State Street Corp now owns 4,867,008 shares of the company’s stock worth $295,150,000 after buying an additional 336,259 shares during the period. First Eagle Investment Management LLC boosted its stake 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 during the period. BlackRock Institutional Trust Company N.A. boosted its stake 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 during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Tiffany & Co. by 23.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,078,657 shares of the company’s stock worth $150,973,000 after buying an additional 389,151 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Tiffany & Co. by 12.7% in the second quarter. Franklin Resources Inc. now owns 2,055,464 shares of the company’s stock worth $124,644,000 after buying an additional 231,445 shares during the period. 87.59% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:TIF

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