Tiffany & Co. (NYSE:TIF) Sets New 12-Month High at $134.03

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Tiffany & Co. (NYSE:TIF)’s share price reached a new 52-week high on Monday . The stock traded as high as $134.03 and last traded at $133.87, with a volume of 416583 shares. The stock had previously closed at $133.80.

TIF has been the topic of a number of research analyst reports. Wells Fargo & Co upped their target price on shares of Tiffany & Co. from $100.00 to $125.00 in a report on Wednesday, November 27th. Credit Suisse Group set a $140.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Monday, October 28th. Telsey Advisory Group cut Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price target for the company. in a report on Tuesday, November 26th. Loop Capital downgraded Tiffany & Co. to a “hold” rating and set a $85.00 price target on the stock. in a research report on Thursday, August 29th. Finally, Oppenheimer lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of “Hold” and an average price target of $120.45.

The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.54 and a beta of 1.65. The company’s 50-day simple moving average is $114.20 and its 200-day simple moving average is $96.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.22 and a quick ratio of 1.36.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 19th. Tiffany & Co.’s payout ratio is 50.22%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Tiffany & Co. by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 13,010,071 shares of the specialty retailer’s stock valued at $1,218,264,000 after buying an additional 134,754 shares in the last quarter. Bank of America Corp DE increased its position in Tiffany & Co. by 246.0% during the second quarter. Bank of America Corp DE now owns 5,486,764 shares of the specialty retailer’s stock worth $513,780,000 after acquiring an additional 3,901,101 shares during the period. Egerton Capital UK LLP raised its stake in Tiffany & Co. by 53.3% in the 2nd quarter. Egerton Capital UK LLP now owns 4,752,571 shares of the specialty retailer’s stock worth $445,031,000 after purchasing an additional 1,652,151 shares in the last quarter. State Street Corp raised its stake in Tiffany & Co. by 0.3% in the 3rd quarter. State Street Corp now owns 4,712,140 shares of the specialty retailer’s stock worth $439,213,000 after purchasing an additional 12,712 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Tiffany & Co. by 5.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,086,887 shares of the specialty retailer’s stock valued at $382,696,000 after purchasing an additional 214,139 shares during the period. Institutional investors own 94.96% of the company’s stock.

Tiffany & Co. Company Profile (NYSE:TIF)

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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