Tiffany & Co. PT Raised to $108.00 (TIF)
Research analysts at Sterne Agee increased their price objective on shares of Tiffany & Co. (NYSE:TIF) from $105.00 to $108.00 in a report released on Thursday. Sterne Agee’s target price suggests a potential upside of 11.86% from the company’s current price.
A number of other firms have also recently commented on TIF. Analysts at KeyCorp raised their price target on shares of Tiffany & Co. from $102.00 to $110.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Tiffany & Co. from $104.00 to $106.00 in a research note on Thursday. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Tiffany & Co. in a research note on Thursday. They now have a $105.00 price target on the stock, up previously from $95.00. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $95.32.
Tiffany & Co. (NYSE:TIF) traded up 0.26% during mid-day trading on Thursday, hitting $96.55. The stock had a trading volume of 2,157,185 shares. Tiffany & Co. has a 1-year low of $70.70 and a 1-year high of $97.50. The stock’s 50-day moving average is $88.14 and its 200-day moving average is $87.93. The company has a market cap of $12.440 billion and a price-to-earnings ratio of 68.30.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $4.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.57%.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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