Tiffany & Co. (NYSE:TIF) received a $134.00 price target from analysts at Loop Capital in a research note issued on Wednesday. The firm currently has a “buy” rating on the specialty retailer’s stock. Loop Capital’s price target indicates a potential upside of 12.78% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a report on Monday, March 19th. Guggenheim reissued a “buy” rating and issued a $120.00 price target on shares of Tiffany & Co. in a report on Friday, March 16th. Morgan Stanley boosted their price target on shares of Tiffany & Co. from $83.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, March 19th. Finally, Credit Suisse Group initiated coverage on shares of Tiffany & Co. in a report on Monday, March 12th. They issued an “outperform” rating and a $120.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Tiffany & Co. presently has an average rating of “Buy” and an average target price of $109.29.
Shares of Tiffany & Co. traded up $16.58, hitting $118.82, during trading on Wednesday, Marketbeat.com reports. 293,818 shares of the stock traded hands, compared to its average volume of 1,058,919. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.50 and a quick ratio of 2.39. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.11 and a beta of 1.75. Tiffany & Co. has a 52-week low of $84.15 and a 52-week high of $111.44.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, May 23rd. The specialty retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.31. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $959.20 million. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. sell-side analysts anticipate that Tiffany & Co. will post 4.37 earnings per share for the current fiscal year.
In other Tiffany & Co. news, Director Michael Joseph Kowalski sold 39,809 shares of Tiffany & Co. stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $104.11, for a total transaction of $4,144,514.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Francesco Trapani bought 5,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were acquired at an average cost of $98.40 per share, for a total transaction of $492,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 75,000 shares of company stock worth $7,238,850 and have sold 47,419 shares worth $4,903,374. Insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TIF. Xact Kapitalforvaltning AB boosted its position in shares of Tiffany & Co. by 6.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 17,374 shares of the specialty retailer’s stock valued at $1,697,000 after acquiring an additional 1,111 shares during the last quarter. Millennium Management LLC boosted its position in shares of Tiffany & Co. by 619.2% during the 1st quarter. Millennium Management LLC now owns 1,078,847 shares of the specialty retailer’s stock valued at $105,360,000 after acquiring an additional 928,847 shares during the last quarter. Kiwi Wealth Investments Limited Partnership boosted its position in shares of Tiffany & Co. by 243.7% during the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 79,017 shares of the specialty retailer’s stock valued at $7,717,000 after acquiring an additional 56,025 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Tiffany & Co. during the 1st quarter valued at about $1,198,000. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Tiffany & Co. by 43.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 329,081 shares of the specialty retailer’s stock valued at $32,139,000 after acquiring an additional 99,447 shares during the last quarter. 81.49% of the stock is currently owned by institutional investors.
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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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