Tiffany & Co. Sets New 1-Year High at $99.76 (TIF)
Tiffany & Co. (NYSE:TIF)’s share price hit a new 52-week high during trading on Wednesday , StockRatingsNetwork reports. The stock traded as high as $99.76 and last traded at $99.73, with a volume of 347,983 shares. The stock had previously closed at $99.25.
A number of analysts have recently weighed in on TIF shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Tiffany & Co. from $95.00 to $103.00 in a research note on Friday, May 30th. They now have a “neutral” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Tiffany & Co. from $101.00 to $112.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet upgraded shares of Tiffany & Co. to a “buy” rating in a research note on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $96.49.
The stock’s 50-day moving average is $90.65 and its 200-day moving average is $89.01. The company has a market cap of $12.895 billion and a P/E ratio of 57.20.
Tiffany & Co. (NYSE:TIF) last released its 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. Analysts expect that Tiffany & Co. will post $4.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Shareholders 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 1.53%. The ex-dividend date is Wednesday, June 18th. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.34.
In other Tiffany & Co. news, Director Robert S. Singer sold 2,000 shares of Tiffany & Co. stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $98.25, for a total value of $196,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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