Tiffany & Co. (NYSE:TIF) had its price objective hoisted by Loop Capital to $150.00 in a research note released on Monday morning. The firm currently has a buy rating on the specialty retailer’s stock.
Several other equities analysts have also issued reports on TIF. Telsey Advisory Group increased their target price on Tiffany & Co. from $140.00 to $150.00 and gave the stock an outperform rating in a research note on Wednesday, June 27th. Goldman Sachs Group began coverage on Tiffany & Co. in a research note on Monday, June 25th. They set a buy rating and a $165.00 target price on the stock. Credit Suisse Group increased their target price on Tiffany & Co. from $120.00 to $142.00 and gave the stock an outperform rating in a research note on Thursday, May 24th. Edward Jones lowered Tiffany & Co. from a buy rating to a hold rating in a research note on Thursday, June 21st. Finally, Royal Bank of Canada set a $126.00 target price on Tiffany & Co. and gave the stock a hold rating in a research note on Friday, May 25th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $126.80.
NYSE TIF opened at $136.11 on Monday. The firm has a market cap of $16.69 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.82 and a quick ratio of 2.43. Tiffany & Co. has a twelve month low of $86.15 and a twelve month high of $137.97.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 10th. Shareholders of record on Wednesday, June 20th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 19th. This represents a $2.20 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.50. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.27%.
In other Tiffany & Co. news, insider Gretchen Koback-Pursel sold 881 shares of the stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $133.66, for a total value of $117,754.46. Following the sale, the insider now owns 883 shares of the company’s stock, valued at approximately $118,021.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philippe Galtie sold 673 shares of the stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $135.25, for a total value of $91,023.25. Following the completion of the sale, the executive vice president now directly owns 2,866 shares in the company, valued at approximately $387,626.50. The disclosure for this sale can be found here. Insiders sold a total of 71,407 shares of company stock worth $9,389,318 in the last ninety days. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of TIF. Mission Wealth Management LP acquired a new stake in Tiffany & Co. in the 1st quarter valued at about $205,000. Albion Financial Group UT acquired a new stake in Tiffany & Co. in the 4th quarter valued at about $212,000. Legacy Advisors LLC acquired a new stake in Tiffany & Co. in the 2nd quarter valued at about $214,000. IBM Retirement Fund acquired a new stake in Tiffany & Co. in the 1st quarter valued at about $231,000. Finally, Cim LLC acquired a new stake in Tiffany & Co. in the 2nd quarter valued at about $245,000. 81.48% of the stock is currently owned by institutional investors.
Tiffany & Co. Company Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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