Tiffany & Co. Price Target Raised to $106.00 (TIF)
Research analysts at JPMorgan Chase & Co. increased their price objective on shares of Tiffany & Co. (NYSE:TIF) from $103.00 to $106.00 in a report released on Tuesday. JPMorgan Chase & Co.’s price target indicates a potential upside of 5.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of Tiffany & Co. in a research note on Thursday, August 28th. They now have a $115.00 price target on the stock, up previously from $105.00. Separately, 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, August 28th. They now have an “outperform” rating on the stock. Finally, 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, August 28th. They now have a “not rated” rating on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Buy” and a consensus target price of $101.80.
Tiffany & Co. (NYSE:TIF) traded up 0.97% on Tuesday, hitting $101.92. 200,225 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’s 50-day moving average is $99.13 and its 200-day moving average is $94.27. The company has a market cap of $13.178 billion and a price-to-earnings ratio of 54.30.
Tiffany & Co. (NYSE:TIF) last released its earnings data on Wednesday, August 27th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $4.34 EPS 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 1.51%. 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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