Tiffany & Co. (TIF) Upgraded by Loop Capital to Buy

Loop Capital upgraded shares of Tiffany & Co. (NYSE:TIF) to a buy rating in a report published on Thursday morning, The Fly reports. They currently have $125.00 target price on the specialty retailer’s stock.

Several other equities research analysts have also commented on TIF. Zacks Investment Research upgraded Tiffany & Co. from a sell rating to a hold rating in a research report on Thursday, March 21st. UBS Group upped their target price on Tiffany & Co. to $103.00 and gave the company a neutral rating in a research report on Monday, March 25th. Credit Suisse Group upped their target price on Tiffany & Co. from $108.00 to $115.00 and gave the company an outperform rating in a research report on Monday, March 25th. ValuEngine upgraded Tiffany & Co. from a sell rating to a hold rating in a research report on Monday, January 7th. Finally, Nomura cut their target price on Tiffany & Co. to $108.00 and set a buy rating on the stock in a research report on Tuesday, January 22nd. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $116.78.

NYSE TIF opened at $107.12 on Thursday. Tiffany & Co. has a 12 month low of $73.04 and a 12 month high of $141.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 5.24. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.98 and a beta of 1.56.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Friday, March 22nd. The specialty retailer reported $1.60 EPS for the quarter, meeting the consensus estimate of $1.60. Tiffany & Co. had a return on equity of 18.52% and a net margin of 13.20%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts expect that Tiffany & Co. will post 4.91 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 20th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Tuesday, March 19th. Tiffany & Co.’s dividend payout ratio (DPR) is currently 47.62%.

In related news, SVP Andrew W. Hart sold 7,428 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $87.39, for a total transaction of $649,132.92. Following the transaction, the senior vice president now directly owns 19,024 shares of the company’s stock, valued at approximately $1,662,507.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lawrence K. Fish sold 8,128 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $103.58, for a total value of $841,898.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,819 shares of company stock worth $1,602,466. 1.30% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc raised its stake in Tiffany & Co. by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 12,569,628 shares of the specialty retailer’s stock worth $1,621,105,000 after buying an additional 239,164 shares during the period. FMR LLC raised its stake in shares of Tiffany & Co. by 1.4% in the fourth quarter. FMR LLC now owns 2,316,669 shares of the specialty retailer’s stock worth $186,516,000 after purchasing an additional 32,183 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of Tiffany & Co. by 40.2% in the fourth quarter. Investec Asset Management LTD now owns 1,767,784 shares of the specialty retailer’s stock worth $142,324,000 after purchasing an additional 506,984 shares during the last quarter. Brahman Capital Corp. purchased a new stake in shares of Tiffany & Co. in the fourth quarter worth approximately $121,397,000. Finally, Northern Trust Corp raised its stake in shares of Tiffany & Co. by 2.3% in the fourth quarter. Northern Trust Corp now owns 1,467,256 shares of the specialty retailer’s stock worth $118,129,000 after purchasing an additional 33,197 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors and hedge funds.

Tiffany & Co. Company Profile

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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

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The Fly

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

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