Tiffany & Co. (NYSE: TIF) has recently received a number of price target changes and ratings updates:

  • 12/14/2017 – Tiffany & Co. was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $115.00 price target on the stock.
  • 12/1/2017 – Tiffany & Co. was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $115.00 price target on the stock, up previously from $94.50.
  • 11/30/2017 – Tiffany & Co. was given a new $94.00 price target on by analysts at Royal Bank of Canada. They now have a “hold” rating on the stock.
  • 11/30/2017 – 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 so far in the year. Additionally, the company delivered sixth straight quarter of positive earnings surprise, when it posted third-quarter fiscal 2017 results. Net sales also grew and beat the consensus mark for the second successive quarter. The company registered sturdy sales in the Fashion Jewelry and the High, Fine & Solitaire Jewelry categories. Management continues to project mid-single-digit-percentage increase in earnings per share and low-single-digit percentage growth in net sales for fiscal 2017. However, in spite of sustained cost containment efforts rising SG&A expenses remain a concern for Tiffany that may hurt margins. Further, since the past three quarters comparable-store sales have been declining. However, the rate of decline has decelerated sequentially.”
  • 11/30/2017 – Tiffany & Co. was downgraded by analysts at SBG Securities from a “buy” rating to a “hold” rating.
  • 11/30/2017 – Tiffany & Co. was given a new $102.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 11/29/2017 – Tiffany & Co. had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $105.00 price target on the stock.
  • 11/27/2017 – Tiffany & Co. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $104.00 price target on the stock. According to Zacks, “Tiffany's omni-channel platform, store expansion plans, tapping of new markets and venturing into new revenue generating areas has aided it to outpace the industry in a year. Additionally, the company delivered fifth straight quarter of positive earnings surprise, when it posted second-quarter fiscal 2017 results. Net sales also grew and beat the Zacks consensus mark. The company registered sturdy wholesale sales of diamonds, higher wholesale sales in the Asia-Pacific region and robust e-commerce sales growth. Management continues to project mid-single-digit-percentage increase in earnings per share and low-single-digit percentage growth in net sales in fiscal 2017. However, Tiffany pointed that despite its sustained cost containment efforts it expects full year SG&A expense to increase at a marginally higher rate than sales. Moreover, we observed that the comparable-store sales have been struggling for quite some time now.”
  • 11/22/2017 – Tiffany & Co. had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/13/2017 – 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 venturing into new revenue generating areas has aided it to outpace the industry in a year. Additionally, the company delivered fifth straight quarter of positive earnings surprise, when it posted second-quarter fiscal 2017 results. Net sales also grew and beat the Zacks consensus mark. The company registered sturdy wholesale sales of diamonds, higher wholesale sales in the Asia-Pacific region and robust e-Commerce sales growth. Management continues to project mid-single-digit-percentage increase in earnings per share and low-single-digit percentage growth in net sales in fiscal 2017. However, Tiffany pointed that despite its sustained cost containment efforts it expects full year SG&A expense to increase at a marginally higher rate than sales. Moreover, we observed that the comparable-store sales have been struggling for quite some time now.”
  • 11/2/2017 – Tiffany & Co. is now covered by analysts at Susquehanna Bancshares Inc. They set a “neutral” rating and a $100.00 price target on the stock.
  • 10/18/2017 – Tiffany & Co. was given a new $102.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/17/2017 – Tiffany & Co. had its “hold” rating reaffirmed by analysts at Needham & Company LLC.

Tiffany & Co. (NYSE TIF) opened at $99.34 on Friday. Tiffany & Co. has a twelve month low of $76.08 and a twelve month high of $100.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The company has a market capitalization of $12,320.00, a price-to-earnings ratio of 24.42, a PEG ratio of 2.22 and a beta of 1.93.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. During the same period last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. research analysts anticipate that Tiffany & Co. will post 3.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, December 19th. Tiffany & Co.’s payout ratio is currently 53.62%.

In other Tiffany & Co. news, Director Robert S. Singer acquired 1,000 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were bought at an average price of $88.13 per share, for a total transaction of $88,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francesco Trapani acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was acquired at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.

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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