Tiffany & Co.’s Outperform Rating Reaffirmed at Zacks (TIF)
Tiffany & Co. (NYSE:TIF)‘s stock had its “outperform” rating reissued by Zacks in a research note issued on Thursday. They currently have a $111.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 10.05% from the stock’s previous close.
In other Tiffany & Co. news, EVP Beth O. Canavan unloaded 50,642 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $100.95, for a total transaction of $5,112,309.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tiffany & Co. (NYSE:TIF) traded up 2.15% on Thursday, hitting $103.03. 697,822 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 $99.08 and its 200-day moving average is $94.56. The company has a market cap of $13.321 billion and a price-to-earnings ratio of 54.25.
Tiffany & Co. (NYSE:TIF) last posted its quarterly 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 $4.35 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.
TIF has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Tiffany & Co. from $103.00 to $106.00 in a research note on Tuesday. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $102.28.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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