Tiffany & Co. (TIF) Given a $96.00 Price Target at Wells Fargo & Co

Wells Fargo & Co set a $96.00 price target on Tiffany & Co. (NYSE:TIF) in a report released on Thursday. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of Tiffany & Co. in a research note on Monday, December 18th. They set a neutral rating and a $103.00 price objective for the company. Citigroup upgraded shares of Tiffany & Co. from a neutral rating to a buy rating and lifted their target price for the company from $92.00 to $115.00 in a research report on Thursday, December 14th. KeyCorp upgraded shares of Tiffany & Co. from a sector weight rating to an overweight rating and lifted their target price for the company from $94.50 to $115.00 in a research report on Friday, December 1st. Royal Bank of Canada set a $94.00 target price on shares of Tiffany & Co. and gave the company a hold rating in a research report on Thursday, November 30th. Finally, Zacks Investment Research lowered shares of Tiffany & Co. from a buy rating to a hold rating in a research report on Thursday, November 30th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Tiffany & Co. currently has a consensus rating of Buy and an average price target of $101.18.

Shares of Tiffany & Co. (NYSE:TIF) traded up $1.00 during trading hours on Thursday, reaching $108.46. 1,119,715 shares of the company traded hands, compared to its average volume of 1,375,886. The stock has a market capitalization of $13,479.08, a PE ratio of 29.16, a P/E/G ratio of 2.52 and a beta of 1.93. Tiffany & Co. has a 12 month low of $77.15 and a 12 month high of $108.90. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. Tiffany & Co.’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. equities analysts anticipate that Tiffany & Co. will post 3.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 annualized dividend and a yield of 1.84%. Tiffany & Co.’s payout ratio is presently 53.76%.

Several institutional investors and hedge funds have recently made changes to their positions in TIF. Janus Henderson Group PLC lifted its holdings 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 worth $113,818,000 after acquiring an additional 1,200,235 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings 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 worth $121,319,000 after acquiring an additional 991,802 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Tiffany & Co. by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after acquiring an additional 411,487 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Tiffany & Co. by 189.4% in the 3rd quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock worth $51,188,000 after acquiring an additional 365,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Tiffany & Co. by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after acquiring an additional 310,235 shares during the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2018/01/14/tiffany-co-tif-given-a-96-00-price-target-at-wells-fargo-co.html.

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.

Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply