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Shares of Tiffany & Co. (NYSE:TIF) reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings, Analyst Ratings Network.com reports. The company traded as high as $105.66 and last traded at $102.21, with a volume of 3,183,827 shares. The stock had previously closed at $100.77.

The company reported $0.96 earnings per share for the quarter, beating the analysts’ 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 $987.90 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.

The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 18th.

TIF has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Tiffany & Co. from $85.00 to $95.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $98.70.

The stock’s 50-day moving average is $99.23 and its 200-day moving average is $94.02. The company has a market cap of $13.155 billion and a P/E ratio of 58.08. Tiffany & Co. also was the target of some unusual options trading on Tuesday. Stock traders purchased 15,675 call options on the stock. This is an increase of approximately 740% compared to the typical volume of 1,865 call options.

Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.

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