HSBC Analysts Give Tiffany & Co. (NYSE:TIF) a $110.00 Price Target

HSBC set a $110.00 price target on Tiffany & Co. (NYSE:TIF) in a report published on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Co reduced their target price on shares of Tiffany & Co. from $88.00 to $80.00 and set a market perform rating on the stock in a report on Wednesday, August 28th. UBS Group reduced their target price on shares of Tiffany & Co. from $98.00 to $89.00 and set a neutral rating on the stock in a report on Thursday, August 29th. Loop Capital cut shares of Tiffany & Co. to a hold rating and set a $85.00 price target for the company. in a research note on Thursday, August 29th. Oppenheimer dropped their price target on shares of Tiffany & Co. from $115.00 to $100.00 and set an outperform rating for the company in a research note on Thursday, August 22nd. Finally, Cowen reaffirmed an outperform rating and set a $107.00 price target (down from $115.00) on shares of Tiffany & Co. in a research note on Thursday, August 22nd. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $105.74.

Shares of NYSE TIF opened at $96.61 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.36 and a current ratio of 4.22. The company has a market cap of $11.47 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.73 and a beta of 1.59. The firm’s fifty day moving average is $87.38 and its two-hundred day moving average is $95.39. Tiffany & Co. has a 52-week low of $73.04 and a 52-week high of $130.62.



Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. Tiffany & Co. had a net margin of 12.79% and a return on equity of 17.67%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, analysts forecast that Tiffany & Co. will post 4.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 20th will be given a $0.58 dividend. The ex-dividend date is Thursday, September 19th. This represents a $2.32 annualized dividend and a dividend yield of 2.40%. Tiffany & Co.’s payout ratio is presently 50.22%.

In other news, Director Francesco Trapani sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $92.10, for a total value of $23,025,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TIF. NuWave Investment Management LLC raised its stake in shares of Tiffany & Co. by 3,657.1% during the 2nd quarter. NuWave Investment Management LLC now owns 263 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 256 shares in the last quarter. Rational Advisors LLC raised its stake in shares of Tiffany & Co. by 3,657.1% during the 2nd quarter. Rational Advisors LLC now owns 263 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 256 shares in the last quarter. Bremer Bank National Association bought a new position in shares of Tiffany & Co. during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. raised its stake in shares of Tiffany & Co. by 312.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 417 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 316 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of Tiffany & Co. during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

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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