Tiffany & Co. (TIF) Sets New 12-Month Low at $86.51

Tiffany & Co. (NYSE:TIF) shares reached a new 52-week low on Thursday . The stock traded as low as $86.51 and last traded at $87.52, with a volume of 183985 shares traded. The stock had previously closed at $90.89.

Several research firms recently weighed in on TIF. Jefferies Financial Group restated a “buy” rating and issued a $160.00 price objective on shares of Tiffany & Co. in a research report on Tuesday, August 28th. Zacks Investment Research cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Loop Capital set a $110.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a research report on Wednesday, November 28th. KeyCorp increased their price target on shares of Tiffany & Co. from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, August 29th. Finally, ValuEngine cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $121.52.

The stock has a market cap of $11.08 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.84 and a current ratio of 5.86.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Equities analysts expect that Tiffany & Co. will post 4.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, December 20th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.27%.

In other news, Director Lawrence K. Fish sold 8,898 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $127.96, for a total transaction of $1,138,588.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francesco Trapani acquired 40,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were bought at an average cost of $124.25 per share, with a total value of $4,970,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 22,148 shares of company stock valued at $2,839,461. Insiders own 1.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in shares of Tiffany & Co. by 4,305.5% during the second quarter. Marshall Wace LLP now owns 345,262 shares of the specialty retailer’s stock valued at $45,436,000 after purchasing an additional 337,425 shares during the period. Castleark Management LLC purchased a new stake in shares of Tiffany & Co. during the second quarter valued at approximately $16,904,000. Intact Investment Management Inc. purchased a new stake in shares of Tiffany & Co. during the third quarter valued at approximately $245,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Tiffany & Co. by 18.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 59,208 shares of the specialty retailer’s stock valued at $7,792,000 after purchasing an additional 9,118 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in shares of Tiffany & Co. by 13.7% during the third quarter. Sentry Investment Management LLC now owns 38,542 shares of the specialty retailer’s stock valued at $4,971,000 after purchasing an additional 4,639 shares during the period. 79.60% of the stock is owned by hedge funds and other institutional investors.

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Tiffany & Co. Company Profile (NYSE:TIF)

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.

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