Tiffany & Co. Price Target Raised to $95.00 at Canaccord Genuity (TIF)
Analysts at Canaccord Genuity lifted their price objective on shares of Tiffany & Co. (NYSE:TIF) from $85.00 to $95.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 5.73% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee raised their price target on shares of Tiffany & Co. to $108.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Tiffany & Co. in a research note on Wednesday, August 13th. They now have a $106.00 price target on the stock, up previously from $104.00. Finally, analysts at Barrington Research initiated coverage on shares of Tiffany & Co. in a research note on Monday, June 23rd. They set a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $98.70.
Tiffany & Co. (NYSE:TIF) opened at 104.61 on Wednesday. Tiffany & Co. has a 52 week low of $73.63 and a 52 week high of $103.38. The stock has a 50-day moving average of $99.23 and a 200-day moving average of $94.02. The company has a market cap of $13.499 billion and a P/E ratio of 58.08. Tiffany & Co. also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 15,675 call options on the stock. This represents an increase of 740% compared to the typical volume of 1,865 call options.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $988.94 million. During the same quarter last year, the company posted $0.83 earnings per share. Tiffany & Co.’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $4.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, September 18th.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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