Tiffany & Co. (TIF) Reaches New 1-Year Low at $86.51

Tiffany & Co. (NYSE:TIF) hit a new 52-week low on Thursday . The stock traded as low as $86.51 and last traded at $87.52, with a volume of 183985 shares. The stock had previously closed at $90.89.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $160.00 price target on shares of Tiffany & Co. in a report on Tuesday, August 28th. Zacks Investment Research downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Loop Capital set a $110.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, November 28th. KeyCorp increased their price target on Tiffany & Co. from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, August 29th. Finally, ValuEngine downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $121.52.

The company has a debt-to-equity ratio of 0.29, a current ratio of 5.86 and a quick ratio of 1.84. The firm has a market cap of $10.79 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.62 and a beta of 1.72.

Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.80 earnings per share. Tiffany & Co.’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that Tiffany & Co. will post 4.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, December 20th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, December 19th. Tiffany & Co.’s dividend payout ratio is currently 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 stock was sold at an average price of $126.29, for a total value of $31,572.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence K. Fish sold 8,898 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $127.96, for a total value of $1,138,588.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,148 shares of company stock valued at $2,839,461. Company insiders own 1.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of Tiffany & Co. by 3.4% in the second quarter. CIBC Asset Management Inc now owns 11,784 shares of the specialty retailer’s stock valued at $1,551,000 after buying an additional 387 shares in the last quarter. Mission Wealth Management LP increased its position in Tiffany & Co. by 21.9% during the 3rd quarter. Mission Wealth Management LP now owns 2,691 shares of the specialty retailer’s stock worth $347,000 after purchasing an additional 483 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Tiffany & Co. by 1.3% during the 3rd quarter. Gulf International Bank UK Ltd now owns 39,170 shares of the specialty retailer’s stock worth $5,051,000 after purchasing an additional 490 shares in the last quarter. Leavell Investment Management Inc. increased its position in Tiffany & Co. by 6.2% during the 3rd quarter. Leavell Investment Management Inc. now owns 8,577 shares of the specialty retailer’s stock worth $1,111,000 after purchasing an additional 500 shares in the last quarter. Finally, Comerica Bank increased its position in Tiffany & Co. by 2.3% during the 2nd quarter. Comerica Bank now owns 25,354 shares of the specialty retailer’s stock worth $3,405,000 after purchasing an additional 563 shares in the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

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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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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