Tiffany & Co. Given New $110.00 Price Target at Nomura (TIF)
Analysts at Nomura raised their price target on shares of Tiffany & Co. (NYSE:TIF) from $100.00 to $110.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 14.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Thursday. They now have a $0.38 price target on the stock, up previously from $0.34. Separately, analysts at Topeka Capital Markets raised their price target on shares of Tiffany & Co. from $110.00 to $115.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Tiffany & Co. from $83.00 to $85.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $92.33.
Tiffany & Co. (NYSE:TIF) traded up 0.68% during mid-day trading on Thursday, hitting $96.9525. The stock had a trading volume of 777,854 shares. Tiffany & Co. has a 52 week low of $70.70 and a 52 week high of $97.40. The stock’s 50-day moving average is $87.90 and its 200-day moving average is $87.87. The company has a market cap of $12.492 billion and a P/E ratio of 68.30.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.19. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $955.05 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $4.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Shareholders of record on Friday, June 20th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.58%.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.