KeyCorp Increases Tiffany & Co. Price Target to $112.00 (TIF)
Analysts at KeyCorp lifted their target price on shares of Tiffany & Co. (NYSE:TIF) from $110.00 to $112.00 in a research report issued to clients and investors on Thursday. KeyCorp’s price target suggests a potential upside of 10.07% from the company’s current price.
Shares of Tiffany & Co. (NYSE:TIF) traded down 0.17% during mid-day trading on Thursday, hitting $101.58. 766,907 shares of the company’s stock traded hands. Tiffany & Co. has a 52 week low of $73.63 and a 52 week high of $105.66. The stock has a 50-day moving average of $99.22 and a 200-day moving average of $94.12. The company has a market cap of $13.108 billion and a price-to-earnings ratio of 58.65. Tiffany & Co. also was the recipient of unusually large options trading on Tuesday. Traders bought 15,675 call options on the company. This represents an increase of approximately 740% compared to the typical daily volume of 1,865 call options.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, August 27th. 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 in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $4.31 earnings per share for the current fiscal 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 1.49%. The ex-dividend date of this dividend is Thursday, September 18th.
A number of other analysts have also recently weighed in on TIF. 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus target price of $100.13.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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