JPMorgan Chase & Co. initiated coverage on shares of Tiffany & Co. (NYSE:TIF) in a report issued on Monday, December 18th, MarketBeat Ratings reports. The firm set a “neutral” rating and a $103.00 price target on the specialty retailer’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 5.03% from the company’s current price.
A number of other equities research analysts have also issued reports on the company. Citigroup raised Tiffany & Co. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $92.00 to $115.00 in a research note on Thursday, December 14th. KeyCorp upgraded Tiffany & Co. from a “sector weight” rating to an “overweight” rating and raised their price objective for the stock from $94.50 to $115.00 in a report on Friday, December 1st. Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, SBG Securities downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $101.18.
Shares of Tiffany & Co. (NYSE:TIF) traded up $0.97 on Monday, reaching $108.46. The company’s stock had a trading volume of 1,120,000 shares, compared to its average volume of 1,630,000. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. Tiffany & Co. has a fifty-two week low of $77.15 and a fifty-two week high of $108.90. The stock has a market capitalization of $13,480.00, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.47 and a beta of 1.93.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. equities research analysts forecast that Tiffany & Co. will post 3.99 EPS for the current year.
Several institutional investors have recently made changes to their positions in TIF. Janus Henderson Group PLC increased its stake in shares of Tiffany & Co. by 9,785.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock valued at $113,818,000 after purchasing an additional 1,200,235 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Tiffany & Co. by 300.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock valued at $121,319,000 after purchasing an additional 991,802 shares in the last quarter. Victory Capital Management Inc. increased its stake in Tiffany & Co. by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after buying an additional 411,487 shares in the last quarter. APG Asset Management N.V. increased its stake in Tiffany & Co. by 189.4% during the 3rd quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock worth $51,188,000 after buying an additional 365,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Tiffany & Co. by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after buying an additional 310,235 shares in the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.
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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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