Tiffany & Co. Sets New 1-Year High at $93.64 (TIF)
Tiffany & Co. (NYSE:TIF)’s share price reached a new 52-week high during mid-day trading on Thursday, AmericanBankingNews.com reports. The stock traded as high as $93.64 and last traded at $92.18, with a volume of 672,566 shares traded. The stock had previously closed at $92.78.
TIF has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Tiffany & Co. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $100.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Tiffany & Co. in a research note to investors on Monday, December 23rd. They now have a $90.62 price target on the stock, down previously from $100.00. Finally, analysts at Stephens initiated coverage on shares of Tiffany & Co. in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $86.48.
Tiffany & Co. has a 52 week low of $57.11 and a 52 week high of $93.02. The stock’s 50-day moving average is $87.58 and its 200-day moving average is $80.35. The company has a market cap of $11.851 billion and a price-to-earnings ratio of 25.72. Tiffany & Co. also was the recipient of unusually large options trading activity on Monday. Investors purchased 6,104 put options on the company. This represents an increase of approximately 296% compared to the average volume of 1,540 put options.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Tuesday, November 26th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.15. The company had revenue of $911.00 million for the quarter, compared to the consensus estimate of $889.51 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $3.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of 0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, December 18th.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (NYSE:TIF), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.
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