Tiffany & Co. (NYSE:TIF)‘s stock had its “buy” rating reissued by stock analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Friday.
A number of other equities research analysts have also issued reports on TIF. BidaskClub lowered Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. KeyCorp reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, August 14th. Finally, HSBC Holdings plc raised Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $110.00 in a research report on Monday, October 2nd. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $94.91.
Shares of Tiffany & Co. (NYSE:TIF) opened at 92.08 on Friday. Tiffany & Co. has a 52-week low of $71.46 and a 52-week high of $97.29. The stock has a market cap of $11.47 billion, a PE ratio of 25.01 and a beta of 1.92. The company’s 50-day moving average price is $91.53 and its 200-day moving average price is $91.93.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. Tiffany & Co.’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Analysts expect that Tiffany & Co. will post $3.97 earnings per share for the current year.
In other news, Director Robert S. Singer bought 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were bought at an average cost of $88.13 per share, with a total value of $88,130.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francesco Trapani bought 25,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was purchased at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Insiders have purchased 267,064 shares of company stock worth $23,789,094 over the last three months. 1.40% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of TIF. Delphi Private Advisors LLC increased its position in Tiffany & Co. by 100.0% in the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 600 shares during the last quarter. Fifth Third Bancorp increased its position in Tiffany & Co. by 6.0% in the 1st quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 62 shares during the last quarter. QS Investors LLC increased its position in Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares during the last quarter. Welch Group LLC increased its position in Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 8 shares during the last quarter. Finally, Wetherby Asset Management Inc. acquired a new position in Tiffany & Co. in the 2nd quarter worth about $201,000. 79.71% of the stock is currently owned by institutional investors.
Tiffany & Co. Company Profile
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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