Tiffany & Co. (TIF) Posts Quarterly Results
Tiffany & Co. (NYSE:TIF) issued its quarterly earnings data on Wednesday. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11, StockRatingsNetwork.com reports. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $987.90 million.
Several analysts have recently commented on 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. On a related note, 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $98.18.
Shares of Tiffany & Co. (NYSE:TIF) opened at 100.77 on Wednesday. Tiffany & Co. has a 52-week low of $73.63 and a 52-week high of $103.38. 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 $13.004 billion and a P/E ratio of 57.77. Tiffany & Co. also was the target of some unusual options trading on Tuesday. Stock investors purchased 15,675 call options on the stock. This represents an increase of 740% compared to the average volume of 1,865 call options.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Investors 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.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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