Tiffany & Co. (TIF) Rating Reiterated by Wells Fargo & Co.
Tiffany & Co. (NYSE:TIF)‘s stock had its “underperform” rating reissued by equities researchers at Wells Fargo & Co. in a research report issued on Tuesday. They presently have a $71.00 price target on the stock, up from their prior price target of $65.00. Wells Fargo & Co.’s price target would suggest a potential downside of 13.92% from the stock’s current price.
A number of other research analysts also recently weighed in on TIF. Morgan Stanley reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Monday, August 15th. Mizuho upped their price target on Tiffany & Co. from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price target on shares of Tiffany & Co. in a research note on Wednesday, August 24th. Royal Bank Of Canada upped their price target on Tiffany & Co. from $65.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Friday, August 26th. Finally, Citigroup Inc. increased their price objective on Tiffany & Co. from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $80.34.
Tiffany & Co. (NYSE:TIF) opened at 82.48 on Tuesday. The stock’s 50 day moving average price is $75.39 and its 200 day moving average price is $68.15. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $84.92. The company has a market capitalization of $10.30 billion, a P/E ratio of 23.53 and a beta of 1.84.
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, topping analysts’ consensus estimates of $0.67 by $0.09. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The business had revenue of $949.30 million for the quarter. During the same period last year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Tiffany & Co. will post $3.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Tuesday, December 20th will be given a $0.45 dividend. The ex-dividend date is Friday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 50.42%.
In related news, SVP Philippe Galtie sold 482 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total value of $34,708.82. Following the sale, the senior vice president now owns 670 shares in the company, valued at $48,246.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Tiffany & Co. during the second quarter worth $103,000. Welch Group LLC purchased a new stake in Tiffany & Co. during the third quarter worth $111,000. Advisory Services Network LLC increased its stake in Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock worth $114,000 after buying an additional 225 shares during the last quarter. Pacer Advisors Inc. increased its stake in Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock worth $124,000 after buying an additional 184 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock worth $132,000 after buying an additional 2,141 shares during the last quarter. Institutional investors own 87.59% of the company’s stock.
Tiffany & Co. Company Profile
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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