Tiffany & Co. Stock Rating Reaffirmed by Macquarie (TIF)
Tiffany & Co. (NYSE:TIF)‘s stock had its “neutral” rating reiterated by equities research analysts at Macquarie in a research note issued to investors on Thursday. They currently have a $115.00 target price on the stock, up from their previous target price of $105.00. Macquarie’s target price would suggest a potential upside of 13.02% from the company’s current price.
A number of other analysts have also recently weighed in on TIF. Analysts at Credit Suisse raised their price target on shares of Tiffany & Co. from $104.00 to $112.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Tiffany & Co. from $108.00 to $116.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Finally, analysts at KeyCorp raised their price target on shares of Tiffany & Co. from $110.00 to $112.00 in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $100.13.
Tiffany & Co. (NYSE:TIF) traded down 0.10% during mid-day trading on Thursday, hitting $101.65. The stock had a trading volume of 450,681 shares. 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 $13.117 billion and a price-to-earnings ratio of 58.65. Tiffany & Co. also saw some unusual options trading on Tuesday. Stock traders purchased 15,675 call options on the company. This represents an increase of approximately 740% compared to the average 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 (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 $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 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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