Stock analysts at Canaccord Genuity increased their price target on shares of Tiffany & Co. (NYSE:TIF) from $54.00 to $57.00 in a report issued on Tuesday, AR Network reports. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 30.21% from the company’s current price.
TIF has been the subject of a number of other recent research reports. Analysts at Sterne Agee set a $86.00 price target on shares of Tiffany & Co. in a research note to investors on Thursday, August 15th. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Tiffany & Co. in a research note to investors on Monday, August 12th. They set a “neutral” rating and a $84.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Tiffany & Co. in a research note to investors on Thursday, July 18th.
One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.86.
Tiffany & Co. (NYSE:TIF) traded up 0.65% during mid-day trading on Tuesday, hitting $82.20. 779,000 shares of the company’s stock traded hands. Tiffany & Co. has a one year low of $55.83 and a one year high of $82.84. The stock’s 50-day moving average is $79.67 and its 200-day moving average is $74.04. The company has a market cap of $10.487 billion and a P/E ratio of 25.05. Tiffany & Co. also saw unusually large options trading activity on Monday. Investors acquired 9,431 call options on the stock. This is an increase of approximately 390% compared to the average daily volume of 1,923 call options.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.09. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $941.37 million. During the same quarter last year, the company posted $0.72 earnings per share. Tiffany & Co.’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $3.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, September 18th.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (NYSE:TIF), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.
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