Tiffany & Co. (NYSE:TIF) Given Average Recommendation of “Hold” by Analysts

Shares of Tiffany & Co. (NYSE:TIF) have been assigned an average rating of “Hold” from the twenty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $118.20.

TIF has been the subject of several analyst reports. Cowen boosted their price target on Tiffany & Co. from $107.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. KeyCorp lifted their price objective on Tiffany & Co. from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. William Blair downgraded Tiffany & Co. from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Sanford C. Bernstein lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 29th. Finally, ValuEngine downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

A number of large investors have recently made changes to their positions in the business. Millennium Management LLC purchased a new stake in Tiffany & Co. during the 3rd quarter worth $6,197,000. Man Group plc lifted its stake in shares of Tiffany & Co. by 11.0% during the third quarter. Man Group plc now owns 33,300 shares of the specialty retailer’s stock worth $3,085,000 after purchasing an additional 3,300 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Tiffany & Co. during the third quarter worth about $1,619,000. National Pension Service boosted its position in shares of Tiffany & Co. by 5.5% in the third quarter. National Pension Service now owns 161,749 shares of the specialty retailer’s stock worth $14,983,000 after buying an additional 8,444 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Tiffany & Co. in the third quarter worth about $943,000. Institutional investors own 94.96% of the company’s stock.

NYSE:TIF traded up $0.36 on Friday, reaching $133.72. The stock had a trading volume of 3,536,912 shares, compared to its average volume of 4,489,113. Tiffany & Co. has a 12-month low of $73.04 and a 12-month high of $134.03. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.54 and a beta of 1.65. The firm’s fifty day moving average is $117.62 and its two-hundred day moving average is $97.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.22 and a quick ratio of 1.36.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 50.22%.

About Tiffany & Co.

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

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