Tiffany & Co. (NYSE:TIF) had its price objective cut by Morgan Stanley from $96.00 to $94.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the specialty retailer’s stock.
Other equities analysts also recently issued research reports about the stock. Wells Fargo & Co dropped their price target on shares of Tiffany & Co. from $88.00 to $80.00 and set a market perform rating for the company in a research note on Wednesday, August 28th. UBS Group lowered their target price on shares of Tiffany & Co. from $98.00 to $89.00 and set a neutral rating for the company in a research note on Thursday, August 29th. HSBC set a $110.00 target price on shares of Tiffany & Co. and gave the stock a buy rating in a research note on Monday, September 9th. Telsey Advisory Group lowered their target price on shares of Tiffany & Co. from $120.00 to $110.00 and set an outperform rating for the company in a research note on Thursday, August 29th. Finally, Oppenheimer lowered their target price on shares of Tiffany & Co. from $115.00 to $100.00 and set an outperform rating for the company in a research note on Thursday, August 22nd. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Tiffany & Co. currently has a consensus rating of Buy and a consensus target price of $103.78.
NYSE:TIF opened at $88.49 on Thursday. The company has a fifty day simple moving average of $90.33 and a two-hundred day simple moving average of $94.28. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.73 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 4.22 and a debt-to-equity ratio of 0.58. Tiffany & Co. has a 52 week low of $73.04 and a 52 week high of $117.93.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 EPS for the quarter, topping 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 net margin of 12.79% and a return on equity of 17.67%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, analysts expect that Tiffany & Co. will post 4.8 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 20th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.62%. Tiffany & Co.’s payout ratio is currently 50.22%.
Hedge funds have recently modified their holdings of the stock. Allstate Corp purchased a new position in Tiffany & Co. in the 1st quarter worth $258,000. Advisory Services Network LLC raised its stake in Tiffany & Co. by 14.1% in the 1st quarter. Advisory Services Network LLC now owns 6,054 shares of the specialty retailer’s stock worth $640,000 after acquiring an additional 746 shares during the last quarter. Cleararc Capital Inc. purchased a new position in Tiffany & Co. in the 1st quarter worth $277,000. FMR LLC raised its stake in Tiffany & Co. by 12.5% in the 1st quarter. FMR LLC now owns 2,606,628 shares of the specialty retailer’s stock worth $275,129,000 after acquiring an additional 289,959 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Tiffany & Co. by 159.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 675,640 shares of the specialty retailer’s stock worth $71,314,000 after acquiring an additional 415,327 shares during the last quarter. Hedge funds and other institutional investors own 90.48% 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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