Oppenheimer Holdings, Inc. Analysts Give Tiffany & Co. (TIF) a $105.00 Price Target
Oppenheimer Holdings, Inc. set a $105.00 target price on Tiffany & Co. (NYSE:TIF) in a research report report published on Thursday morning. The brokerage currently has a buy rating on the specialty retailer’s stock. Oppenheimer Holdings also issued estimates for Tiffany & Co.’s Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $3.92 EPS and FY2019 earnings at $4.00 EPS.
Other equities analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) raised Tiffany & Co. from a neutral rating to a buy rating and upped their target price for the company from $82.00 to $107.00 in a report on Friday, May 12th. Bank of America Corporation reaffirmed a buy rating and set a $110.00 target price on shares of Tiffany & Co. in a report on Wednesday, June 28th. Cowen and Company reaffirmed an outperform rating and set a $107.00 target price on shares of Tiffany & Co. in a report on Tuesday, May 23rd. Zacks Investment Research lowered Tiffany & Co. from a hold rating to a sell rating in a report on Tuesday, July 11th. Finally, BidaskClub raised Tiffany & Co. from a buy rating to a strong-buy rating in a report on Tuesday, July 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $92.81.
Shares of Tiffany & Co. (TIF) opened at 88.00 on Thursday. Tiffany & Co. has a 12-month low of $66.35 and a 12-month high of $97.29. The company’s 50 day moving average price is $91.69 and its 200-day moving average price is $91.16. The firm has a market cap of $10.96 billion, a P/E ratio of 23.90 and a beta of 1.92.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960 million during the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. Tiffany & Co.’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. On average, equities research analysts anticipate that Tiffany & Co. will post $3.96 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be given a $0.50 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. Tiffany & Co.’s dividend payout ratio (DPR) is 54.35%.
A number of large investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its stake in Tiffany & Co. by 0.5% in the first quarter. King Luther Capital Management Corp now owns 803,818 shares of the specialty retailer’s stock worth $76,604,000 after buying an additional 4,235 shares during the period. Karp Capital Management Corp purchased a new stake in Tiffany & Co. during the first quarter worth $4,418,000. Palo Capital Inc. increased its stake in Tiffany & Co. by 1.3% in the second quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock worth $1,910,000 after buying an additional 259 shares during the period. First Manhattan Co. increased its stake in Tiffany & Co. by 15.1% in the first quarter. First Manhattan Co. now owns 25,728 shares of the specialty retailer’s stock worth $1,868,000 after buying an additional 3,375 shares during the period. Finally, National Pension Service increased its stake in Tiffany & Co. by 10.1% in the second quarter. National Pension Service now owns 136,848 shares of the specialty retailer’s stock worth $12,661,000 after buying an additional 12,600 shares during the period. Hedge funds and other institutional investors own 81.31% of the company’s stock.
About Tiffany & Co.
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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