Tiffany & Co. (TIF) Earns “Buy” Rating from Oppenheimer Holdings, Inc.
TIF has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Tiffany & Co. from a hold rating to a buy rating and set a $100.00 target price for the company in a research note on Monday, August 14th. BidaskClub upgraded shares of Tiffany & Co. from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Susquehanna Bancshares Inc assumed coverage on shares of Tiffany & Co. in a research note on Thursday, November 2nd. They set a neutral rating and a $100.00 target price for the company. KeyCorp reiterated a hold rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Finally, upgraded shares of Tiffany & Co. from a hold rating to a buy rating and boosted their target price for the company from $90.00 to $110.00 in a research note on Monday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of Hold and an average price target of $96.13.
Tiffany & Co. (NYSE:TIF) opened at $93.04 on Wednesday. Tiffany & Co. has a 1-year low of $76.08 and a 1-year high of $97.29. The firm has a market cap of $11,715.35, a P/E ratio of 24.31, a P/E/G ratio of 2.21 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.75 and a quick ratio of 2.29.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. analysts anticipate that Tiffany & Co. will post 3.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.15%. Tiffany & Co.’s dividend payout ratio (DPR) is 54.35%.
In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francesco Trapani acquired 48,936 shares of Tiffany & Co. stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $89.16 per share, with a total value of $4,363,133.76. The disclosure for this purchase can be found here. Insiders bought a total of 267,064 shares of company stock valued at $23,789,094 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Welch Group LLC boosted its holdings in Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after buying an additional 8 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Tiffany & Co. by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,964 shares of the specialty retailer’s stock worth $748,000 after buying an additional 25 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Tiffany & Co. by 2.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock worth $216,000 after buying an additional 62 shares during the period. Private Advisor Group LLC boosted its holdings in Tiffany & Co. by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 2,885 shares of the specialty retailer’s stock worth $263,000 after buying an additional 69 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in Tiffany & Co. by 1.6% in the 2nd quarter. Alps Advisors Inc. now owns 6,028 shares of the specialty retailer’s stock worth $566,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.
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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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