Tiffany & Co. (TIF) – Analysts’ Recent Ratings Changes

Tiffany & Co. (NYSE: TIF) recently received a number of ratings updates from brokerages and research firms:

  • 9/12/2018 – Tiffany & Co. was upgraded by analysts at CIBC from a “market perform” rating to an “outperform” rating.
  • 9/12/2018 – Tiffany & Co. was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $145.00 price target on the stock, down previously from $152.00.
  • 9/12/2018 – Tiffany & Co. was upgraded by analysts at UBS Group AG from a “market perform” rating to an “outperform” rating.
  • 8/29/2018 – Tiffany & Co. had its price target raised by analysts at Royal Bank of Canada to $132.00. They now have a “sector perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/29/2018 – Tiffany & Co. had its price target raised by analysts at KeyCorp from $140.00 to $150.00. They now have an “overweight” rating on the stock.
  • 8/29/2018 – Tiffany & Co. had its price target raised by analysts at Credit Suisse Group AG from $142.00 to $146.00. They now have an “outperform” rating on the stock.
  • 8/28/2018 – Tiffany & Co. was given a new $155.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 8/28/2018 – Tiffany & Co. had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $160.00 price target on the stock.
  • 8/22/2018 – Tiffany & Co. was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $140.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/21/2018 – Tiffany & Co. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tiffany's omni-channel platform, store expansion plans, tapping of new markets and venture into new revenue generating areas have aided it to outpace the industry in the past six months. Additionally, the company delivered eighth and fourth straight quarter of positive earnings and sales surprises, respectively, when it posted first-quarter fiscal 2018 results. Moreover, top and bottom lines grew year over year. Sturdy performance called for an upbeat outlook. Management forecasts fiscal 2018 earnings in the band of $4.50-$4.70 per share and projects net sales to increase in high-single-digit percentage. Comps are expected to rise by mid-to-high-single-digit. We note that Tiffany intends to increase investments in various areas, which is likely to push SG&A costs up in fiscal 2018. Management expects SG&A expenses to increase at a rate higher than sales. As a result, operating margin is expected to decline from the year-ago level.”
  • 8/10/2018 – Tiffany & Co. was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating. They now have a $145.00 price target on the stock.
  • 7/16/2018 – Tiffany & Co. had its price target raised by analysts at Loop Capital to $150.00. They now have a “buy” rating on the stock.

Shares of TIF stock opened at $126.03 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.05 and a quick ratio of 2.09. Tiffany & Co. has a 12-month low of $86.15 and a 12-month high of $141.64. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.26 and a beta of 1.74.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Tuesday, August 28th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.16. Tiffany & Co. had a return on equity of 18.67% and a net margin of 10.16%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. equities research analysts anticipate that Tiffany & Co. will post 4.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Thursday, September 20th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, September 19th. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.27%.

In related news, Director Francesco Trapani bought 15,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was bought at an average price of $122.96 per share, with a total value of $1,844,400.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Philippe Galtie sold 673 shares of the business’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $135.25, for a total value of $91,023.25. Following the completion of the sale, the executive vice president now directly owns 2,866 shares of the company’s stock, valued at approximately $387,626.50. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 60,000 shares of company stock valued at $7,435,050. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HRT Financial LLC bought a new stake in shares of Tiffany & Co. in the 2nd quarter valued at about $219,000. WINTON GROUP Ltd lifted its stake in shares of Tiffany & Co. by 1,690.6% in the 2nd quarter. WINTON GROUP Ltd now owns 51,353 shares of the specialty retailer’s stock valued at $6,758,000 after acquiring an additional 48,485 shares during the last quarter. Andra AP fonden bought a new stake in shares of Tiffany & Co. in the 2nd quarter valued at about $7,909,000. California Public Employees Retirement System lifted its stake in shares of Tiffany & Co. by 5.6% in the 2nd quarter. California Public Employees Retirement System now owns 379,367 shares of the specialty retailer’s stock valued at $49,925,000 after acquiring an additional 20,205 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Tiffany & Co. by 108.5% in the 2nd quarter. Glenmede Trust Co. NA now owns 41,066 shares of the specialty retailer’s stock valued at $5,404,000 after acquiring an additional 21,366 shares during the last quarter. 79.68% of the stock is owned by institutional investors.

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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