Susquehanna Bancshares Inc initiated coverage on shares of Tiffany & Co. (NYSE:TIF) in a research note released on Thursday. The firm issued a neutral rating and a $100.00 price objective on the specialty retailer’s stock.
Several other analysts have also issued reports on the stock. Royal Bank Of Canada restated a hold rating on shares of Tiffany & Co. in a research report on Friday, July 7th. BidaskClub raised shares of Tiffany & Co. from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Needham & Company LLC initiated coverage on shares of Tiffany & Co. in a research note on Tuesday, July 18th. They issued a hold rating for the company. Jefferies Group LLC set a $110.00 price target on shares of Tiffany & Co. and gave the stock a buy rating in a research note on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Tiffany & Co. from a buy rating to a neutral rating and decreased their price objective for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Tiffany & Co. currently has an average rating of Hold and an average target price of $94.91.
Tiffany & Co. (NYSE:TIF) traded down $1.42 during trading on Thursday, hitting $92.56. 1,867,828 shares of the stock were exchanged, compared to its average volume of 1,290,000. The company has a market cap of $11.52 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.16 and a beta of 1.96. The company has a quick ratio of 2.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a fifty-two week low of $72.09 and a fifty-two week high of $97.29.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $930.19 million. During the same quarter last year, the firm earned $0.84 EPS. Tiffany & Co.’s revenue for the quarter was up 3.0% on a year-over-year basis. equities research analysts anticipate that Tiffany & Co. will post 3.98 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%. Tiffany & Co.’s dividend payout ratio is presently 54.20%.
In other news, Director Francesco Trapani bought 25,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average cost of $89.34 per share, with a total value of $2,233,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 267,064 shares of company stock valued at $23,789,094. 1.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TIF. Janus Henderson Group PLC raised its stake in Tiffany & Co. by 9,785.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock valued at $113,818,000 after purchasing an additional 1,200,235 shares during the period. Victory Capital Management Inc. grew its holdings in Tiffany & Co. by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock valued at $206,259,000 after buying an additional 411,487 shares in the last quarter. APG Asset Management N.V. grew its holdings in Tiffany & Co. by 189.4% during the 3rd quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock valued at $51,188,000 after buying an additional 365,000 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in Tiffany & Co. during the 2nd quarter valued at approximately $30,981,000. Finally, Vanguard Group Inc. grew its holdings in Tiffany & Co. by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after buying an additional 310,235 shares in the last quarter. 79.64% of the stock is currently owned by institutional investors.
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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