Tiffany & Co. Given Average Recommendation of “Buy” by Brokerages (NYSE:TIF)
Shares of Tiffany & Co. (NYSE:TIF) have earned a consensus recommendation of “Buy” from the twenty-three ratings firms that are covering the stock, AmericanBankingNews.com reports. Five investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $95.32.
Tiffany & Co. (NYSE:TIF) traded down 0.66% on Wednesday, hitting $97.27. The stock had a trading volume of 284,880 shares. Tiffany & Co. has a 52 week low of $70.70 and a 52 week high of $98.16. The stock’s 50-day moving average is $88.74 and its 200-day moving average is $88.39. The company has a market cap of $12.541 billion and a P/E ratio of 56.44.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 21st. The company reported $0.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. Tiffany & Co.’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $4.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Investors 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 1.55%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Tiffany & Co.’s previous quarterly dividend of $0.34.
A number of analysts have recently weighed in on TIF shares. Analysts at TheStreet upgraded shares of Tiffany & Co. to a “buy” rating in a research note on Friday, May 23rd. Separately, analysts at Sterne Agee raised their price target on shares of Tiffany & Co. from $105.00 to $108.00 in a research note on Thursday, May 22nd. Finally, analysts at KeyCorp raised their price target on shares of Tiffany & Co. from $102.00 to $110.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock.
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.