Cowen Reiterates Buy Rating for Tiffany & Co. (TIF)
A number of other brokerages have also commented on TIF. Guggenheim reiterated a buy rating and issued a $120.00 price objective on shares of Tiffany & Co. in a report on Friday, March 16th. Oppenheimer reiterated a buy rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Royal Bank of Canada set a $94.00 price objective on shares of Tiffany & Co. and gave the stock a hold rating in a report on Thursday, November 30th. KeyCorp upgraded shares of Tiffany & Co. from a sector weight rating to an overweight rating and boosted their price objective for the stock from $94.50 to $115.00 in a report on Friday, December 1st. Finally, Wells Fargo reiterated a hold rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $106.88.
Shares of Tiffany & Co. stock opened at $97.04 on Monday. Tiffany & Co. has a 12-month low of $84.15 and a 12-month high of $111.44. The company has a current ratio of 5.50, a quick ratio of 2.39 and a debt-to-equity ratio of 0.27. The firm has a market cap of $12,131.96, a price-to-earnings ratio of 32.78, a P/E/G ratio of 2.00 and a beta of 1.78.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.06%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 67.57%.
In other Tiffany & Co. news, Director Robert S. Singer acquired 2,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $99.49 per share, with a total value of $198,980.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles K. Marquis sold 4,717 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $107.84, for a total transaction of $508,681.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,832 shares of company stock worth $14,611,214. Company insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in TIF. Calton & Associates Inc. bought a new stake in shares of Tiffany & Co. during the 4th quarter valued at about $118,000. Denali Advisors LLC bought a new stake in shares of Tiffany & Co. during the 4th quarter valued at about $125,000. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. during the 4th quarter valued at about $130,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Tiffany & Co. by 103.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 697 shares during the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of Tiffany & Co. during the 4th quarter valued at about $208,000. 83.17% of the stock is owned by institutional investors and hedge funds.
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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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