Tiffany & Co. (TIF) PT Lowered to $136.00 at Goldman Sachs Group

Tiffany & Co. (NYSE:TIF) had its price objective lowered by Goldman Sachs Group from $158.00 to $136.00 in a research note released on Thursday morning, The Fly reports. Goldman Sachs Group currently has a buy rating on the specialty retailer’s stock.

Several other research firms also recently weighed in on TIF. Wells Fargo & Co reiterated a hold rating and issued a $100.00 price target on shares of Tiffany & Co. in a research report on Wednesday. Zacks Investment Research downgraded shares of Tiffany & Co. from a buy rating to a hold rating in a research report on Wednesday. UBS Group upgraded shares of Tiffany & Co. from a market perform rating to an outperform rating in a research report on Wednesday, September 12th. Credit Suisse Group increased their price target on shares of Tiffany & Co. from $142.00 to $146.00 and gave the stock an outperform rating in a research report on Wednesday, August 29th. Finally, Oppenheimer downgraded shares of Tiffany & Co. from an outperform rating to a market perform rating and set a $145.00 price target on the stock. in a research report on Friday, August 10th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Tiffany & Co. currently has a consensus rating of Buy and an average price target of $121.10.

TIF opened at $91.00 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 5.86. Tiffany & Co. has a 1-year low of $89.03 and a 1-year high of $141.64. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.80.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.80 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Tiffany & Co. will post 4.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, December 20th will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, December 19th. This represents a $2.20 annualized dividend and a dividend yield of 2.42%. Tiffany & Co.’s payout ratio is 53.27%.

In other news, Director William A. Shutzer sold 250 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $126.29, for a total transaction of $31,572.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francesco Trapani acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were purchased at an average price of $122.96 per share, for a total transaction of $1,844,400.00. The disclosure for this purchase can be found here. Insiders have sold a total of 22,148 shares of company stock worth $2,839,461 over the last 90 days. Insiders own 1.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Tiffany & Co. in the 2nd quarter valued at $1,667,000. Eqis Capital Management Inc. bought a new stake in Tiffany & Co. in the 2nd quarter valued at $260,000. Aperio Group LLC increased its holdings in Tiffany & Co. by 5.2% in the 2nd quarter. Aperio Group LLC now owns 55,740 shares of the specialty retailer’s stock valued at $7,335,000 after acquiring an additional 2,736 shares during the last quarter. TD Asset Management Inc. increased its holdings in Tiffany & Co. by 15.5% in the 2nd quarter. TD Asset Management Inc. now owns 583,412 shares of the specialty retailer’s stock valued at $76,777,000 after acquiring an additional 78,168 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Tiffany & Co. by 194.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 114,917 shares of the specialty retailer’s stock valued at $15,123,000 after acquiring an additional 75,939 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

About Tiffany & Co.

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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The Fly

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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