Tiffany & Co. Given “Outperform” Rating at Zacks (TIF)
Tiffany & Co. (NYSE:TIF)‘s stock had its “outperform” rating reiterated by Zacks in a research report issued on Friday, Stock Ratings Network reports. They currently have a $97.00 target price on the stock. Zacks‘ target price indicates a potential upside of 10.53% from the company’s current price.
Tiffany & Co. (NYSE:TIF) traded down 0.21% on Friday, hitting $87.58. The stock had a trading volume of 609,986 shares. Tiffany & Co. has a 1-year low of $61.42 and a 1-year high of $93.64. The stock’s 50-day moving average is $90.2 and its 200-day moving average is $81.65. The company has a market cap of $11.214 billion and a price-to-earnings ratio of 24.33.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.49 earnings per share. Tiffany & Co.’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $3.76 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TIF. 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. Separately, 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. Finally, analysts at Canaccord Genuity upgraded shares of Tiffany & Co. from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 16th. They now have a $83.00 price target on the stock, up previously from $65.00. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $86.31.
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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