Tiffany & Co. Price Target Increased to $116.00 by Analysts at Telsey Advisory Group (TIF)
Stock analysts at Telsey Advisory Group raised their price target on shares of Tiffany & Co. (NYSE:TIF) from $108.00 to $116.00 in a report issued on Thursday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 14.00% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Tiffany & Co. from $110.00 to $112.00 in a research note on Thursday. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $99.60.
Shares of Tiffany & Co. (NYSE:TIF) opened at 101.75 on Thursday. 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 $13.130 billion and a P/E ratio of 58.08. Tiffany & Co. also saw some unusual options trading on Tuesday. Traders acquired 15,675 call options on the company. This is an increase of approximately 740% compared to the typical daily volume of 1,865 call options.
Tiffany & Co. (NYSE:TIF) last announced its earnings results 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 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. Analysts expect that Tiffany & Co. will post $4.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Investors 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 1.49%. 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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