Tiffany & Co. (NYSE:TIF)‘s stock had its “hold” rating reissued by Needham & Company LLC in a research report issued on Tuesday, October 17th.
A number of other equities research analysts also recently weighed in on the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) cut Tiffany & Co. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $106.00 to $94.00 in a research note on Friday, September 22nd. Cowen and Company reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Sunday, September 17th. Finally, BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Tiffany & Co. currently has a consensus rating of “Hold” and an average price target of $94.91.
Tiffany & Co. (TIF) traded up $0.35 during trading hours on Tuesday, reaching $92.91. The company’s stock had a trading volume of 354,618 shares, compared to its average volume of 1,109,078. The company has a quick ratio of 2.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11,524.85, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.15 and a beta of 1.96. Tiffany & Co. has a 12-month low of $72.09 and a 12-month high of $97.29.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. equities research analysts forecast that Tiffany & Co. will post 3.98 earnings per share for the current fiscal year.
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In related news, Director Francesco Trapani purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average cost of $89.34 per share, with a total value of $2,233,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Singer acquired 1,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was acquired at an average price of $88.13 per share, for a total transaction of $88,130.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 267,064 shares of company stock valued at $23,789,094. 1.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of TIF. BlackRock Inc. grew its holdings in shares of Tiffany & Co. by 2,886.2% during the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock valued at $665,271,000 after buying an additional 6,747,028 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Tiffany & Co. by 9,785.1% during the second quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock valued at $113,818,000 after buying an additional 1,200,235 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Tiffany & Co. by 22.4% during the third 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 during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Tiffany & Co. during the first quarter valued at approximately $39,206,000. Finally, APG Asset Management N.V. grew its holdings in shares of Tiffany & Co. by 189.4% during the third 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 during the last quarter. Hedge funds and other institutional investors own 79.86% of the company’s stock.
About Tiffany & Co.
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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