HSBC Analysts Give Tiffany & Co. (NYSE:TIF) a $110.00 Price Target

HSBC set a $110.00 price target on Tiffany & Co. (NYSE:TIF) in a research report sent to investors on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the specialty retailer’s stock.

Several other equities analysts have also recently weighed in on TIF. Oppenheimer dropped their price objective on Tiffany & Co. from $115.00 to $100.00 and set an outperform rating for the company in a report on Thursday, August 22nd. Telsey Advisory Group dropped their price objective on Tiffany & Co. from $120.00 to $110.00 and set an outperform rating for the company in a report on Thursday, August 29th. Bank of America reaffirmed a neutral rating and issued a $90.00 price objective (down from $103.00) on shares of Tiffany & Co. in a report on Wednesday, August 21st. Cowen reaffirmed an outperform rating and issued a $107.00 price objective (down from $115.00) on shares of Tiffany & Co. in a report on Thursday, August 22nd. Finally, UBS Group dropped their price objective on Tiffany & Co. from $98.00 to $89.00 and set a neutral rating for the company in a report on Thursday, August 29th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $105.74.

TIF opened at $95.05 on Monday. The business has a fifty day simple moving average of $87.38 and a 200 day simple moving average of $95.39. The company has a market capitalization of $11.08 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. Tiffany & Co. has a 1 year low of $73.04 and a 1 year high of $130.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.22 and a quick ratio of 1.36.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. Tiffany & Co. had a return on equity of 17.67% and a net margin of 12.79%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. Equities analysts anticipate that Tiffany & Co. will post 4.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, September 20th will be issued a $0.58 dividend. The ex-dividend date is Thursday, September 19th. This represents a $2.32 dividend on an annualized basis and a yield of 2.44%. Tiffany & Co.’s payout ratio is presently 50.22%.

In other Tiffany & Co. news, Director Francesco Trapani sold 250,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $92.10, for a total value of $23,025,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIF. Geode Capital Management LLC raised its stake in shares of Tiffany & Co. by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,417,866 shares of the specialty retailer’s stock worth $113,952,000 after purchasing an additional 26,103 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Tiffany & Co. by 631.9% in the first quarter. Quadrant Capital Group LLC now owns 527 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 455 shares during the last quarter. HL Financial Services LLC purchased a new stake in shares of Tiffany & Co. in the first quarter worth approximately $325,000. State Board of Administration of Florida Retirement System raised its stake in shares of Tiffany & Co. by 2.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 173,124 shares of the specialty retailer’s stock worth $18,273,000 after purchasing an additional 3,649 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in shares of Tiffany & Co. by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,544 shares of the specialty retailer’s stock worth $1,641,000 after purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 92.90% 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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

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

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