Tiffany & Co. PT Raised to $103.00 at JPMorgan Chase & Co. (TIF)
Equities research analysts at JPMorgan Chase & Co. increased their price objective on shares of Tiffany & Co. (NYSE:TIF) from $95.00 to $103.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 3.61% from the company’s current price.
In other Tiffany & Co. news, Director Robert S. Singer sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $98.25, for a total transaction of $196,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.28% during mid-day trading on Friday, hitting $99.41. The stock had a trading volume of 1,372,774 shares. Tiffany & Co. has a 52-week low of $70.70 and a 52-week high of $99.68. The stock has a 50-day moving average of $89.7 and a 200-day moving average of $88.61. The company has a market cap of $12.817 billion and a P/E ratio of 57.14.
Tiffany & Co. (NYSE:TIF) last released its earnings data 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. Analysts expect that Tiffany & Co. will post $4.28 EPS 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 1.53%. 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Tiffany & Co. from $101.00 to $112.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at TheStreet upgraded shares of Tiffany & Co. to a “buy” rating in a research note on Friday, May 23rd. Finally, 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. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $96.49.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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