(TIF) Price Target Raised to $102.00 at Instinet

Ivan Schwartz
March 21, 2017

In addition to Telsey Advisory Group reporting its target price, a total of 21 firms have reported on the stock. Finally, Oppenheimer Holdings Inc. set a $105.00 target price on shares of Tiffany & Co. and gave the stock a "buy" rating in a research note on Thursday. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

02/06/2017 - Tiffany & Co. was downgraded to "hold" by analysts at HSBC. (NYSE:TIF) opened at 93.72 on Wednesday. Company's distance from 20 day simple moving average is 3.92% and distance from 50-Day simple moving average is 11.38%.

Tiffany & Co. shares rose by 3.1% during pre-market trading after the company reported a positive fourth quarter earnings report. (NYSE:TIF) last posted its quarterly earnings data on Friday, March 17th.

During the holiday quarter, revenue rose to $1.23 billion from $1.21 billion past year, and thanks to strong demand in China and a double-digit spike in Japan, beat Wall Street expectations of $1.22 billion.

Tiffany has struggled with weakening sales in its biggest market as Americans and tourists spend less at USA locations, including its flagship store on Manhattan's Fifth Ave. next to Trump Tower. This lead to earnings of $1.45 per share. Despite total sales in the USA falling by 5% to $1.8 billion for 2016 and 3% during the fourth quarter to $587 million while total sales in Asia-Pacific region totaled to $1 billion for 2016 and has risen by 9% during the fourth quarter compared to the same period a year ago. On average, equities analysts forecast that Tiffany & Co. will post $3.90 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.95%. Tiffany & Co.'s dividend payout ratio (DPR) is now 50.42%.

For the year ahead, Tiffany & Co predicts single digit growth. They now have a Dollars 102 price target on the stock. Following the completion of the sale, the insider now directly owns 4,654 shares in the company, valued at $362,918.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $80.13, for a total transaction of $1,723,115.52. Following the completion of the transaction, the insider now directly owns 7,786 shares in the company, valued at approximately $623,892.18. The disclosure for this sale can be found here. First Eagle Investment Management LLC increased its stake in shares of Tiffany & Co.by 0.8% in the third quarter. Bank of Montreal Can now owns 56,710 shares of the company's stock valued at $4,119,000 after buying an additional 20,082 shares during the period.

On 17 March 2017, Yingli Green Energy Holding Company Limited (NYSE:YGE) shares moved to $1.88 after starting the day at $2.20. BlackRock Fund Advisors now owns 1,841,431 shares of the company's stock valued at $133,743,000 after buying an additional 82,604 shares during the period. United Capital Financial Advisers LLC purchased a new stake in Tiffany & Co. during the fourth quarter worth $1,005,000. Finally, Cooke & Bieler LP raised its position in shares of Tiffany & Co.by 92.0% in the third quarter. I.G. Investment Management LTD. raised its stake in Tiffany & Co.by 9.0% in the fourth quarter. Gofen & Glossberg LLC IL now owns 95,118 shares of the company's stock valued at $6,908,000 after buying an additional 279 shares during the period.

(+) GOOS, Freshly minted public company rising for a second day after rising almost 26% on Thursday following its initial public offering of stock.

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