Tiffany & Co. (TIF) Lifted to Buy at Loop Capital

Loop Capital upgraded shares of Tiffany & Co. (NYSE:TIF) from a hold rating to a buy rating in a report issued on Thursday, April 5th, Marketbeat reports. The brokerage currently has $113.00 price objective on the specialty retailer’s stock.

Several other equities research analysts have also recently commented on the stock. Guggenheim reaffirmed a buy rating on shares of Tiffany & Co. in a research report on Thursday, April 5th. Morgan Stanley raised their target price on shares of Tiffany & Co. from $83.00 to $94.00 and gave the stock an equal weight rating in a research report on Monday, March 19th. Cowen reaffirmed a buy rating and issued a $110.00 target price on shares of Tiffany & Co. in a research report on Monday, March 19th. Credit Suisse Group began coverage on shares of Tiffany & Co. in a research report on Monday, March 12th. They issued an outperform rating and a $120.00 target price for the company. Finally, Oppenheimer reaffirmed a buy rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $107.47.

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Shares of TIF opened at $99.02 on Thursday. Tiffany & Co. has a twelve month low of $84.15 and a twelve month high of $111.44. 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 $12,235.11, a price-to-earnings ratio of 23.98, a PEG ratio of 2.01 and a beta of 1.77.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.04. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $1.45 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts forecast that Tiffany & Co. will post 4.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. Tiffany & Co.’s dividend payout ratio is currently 48.43%.

In other Tiffany & Co. news, SVP Philippe Galtie sold 24,758 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the completion of the sale, the senior vice president now directly owns 10,813 shares in the company, valued at approximately $1,187,159.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew W. Hart sold 40,251 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $109.22, for a total transaction of $4,396,214.22. Following the sale, the insider now owns 22,369 shares of the company’s stock, valued at $2,443,142.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 77,000 shares of company stock valued at $7,437,830 and have sold 139,636 shares valued at $14,979,843. 1.40% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Westpac Banking Corp increased its stake in Tiffany & Co. by 31.1% during the 4th quarter. Westpac Banking Corp now owns 37,666 shares of the specialty retailer’s stock valued at $3,915,000 after purchasing an additional 8,940 shares in the last quarter. D L Carlson Investment Group Inc. bought a new stake in Tiffany & Co. during the 4th quarter valued at about $3,191,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Tiffany & Co. by 489.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,941 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 3,272 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Tiffany & Co. in the third quarter worth approximately $274,000. Finally, Nationwide Fund Advisors grew its stake in shares of Tiffany & Co. by 11.6% in the third quarter. Nationwide Fund Advisors now owns 33,935 shares of the specialty retailer’s stock worth $3,115,000 after acquiring an additional 3,539 shares during the period. Institutional investors and hedge funds own 83.27% of the company’s stock.

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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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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

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