Tiffany & Co. (NYSE:TIF)‘s stock had its “buy” rating reaffirmed by Credit Suisse Group AG in a research report issued to clients and investors on Friday, April 14th.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Thursday, March 16th. Jefferies Group LLC reiterated a “positive” rating and issued a $102.00 price objective on shares of Tiffany & Co. in a report on Wednesday, March 15th. Cowen and Company reissued an “outperform” rating and issued a $91.00 target price on shares of Tiffany & Co. in a research note on Wednesday, February 22nd. Mizuho lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $74.00 in a research note on Monday, February 6th. Finally, Wells Fargo & Co raised Tiffany & Co. from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $71.00 to $81.00 in a research note on Friday, January 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of “Buy” and an average price target of $92.66.
Tiffany & Co. (NYSE:TIF) traded up 0.97% during trading on Friday, hitting $92.86. The stock had a trading volume of 887,181 shares. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 26.16 and a beta of 1.89. The company has a 50-day moving average of $92.43 and a 200 day moving average of $84.99. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $97.29.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Friday, March 17th. The specialty retailer reported $1.45 EPS for the quarter, topping the Thomson Reuters’ 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 had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Tiffany & Co. will post $3.97 EPS for the current year.
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In related news, VP John S. Barresi sold 1,027 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $94.38, for a total value of $96,928.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Winter Jennifer De sold 927 shares of the firm’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $93.60, for a total value of $86,767.20. Following the completion of the transaction, the insider now directly owns 3,325 shares in the company, valued at $311,220. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,838 shares of company stock worth $8,550,648. Company insiders own 1.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after buying an additional 6,747,028 shares in the last quarter. Norges Bank acquired a new stake in Tiffany & Co. during the fourth quarter worth approximately $124,477,000. Investec Asset Management LTD acquired a new stake in Tiffany & Co. during the fourth quarter worth approximately $85,552,000. 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 specialty retailer’s stock worth $331,771,000 after buying an additional 874,396 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Tiffany & Co. during the first quarter worth approximately $39,206,000. 86.38% of the stock is currently 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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