Tiffany & Co. (NYSE:TIF) was upgraded by equities researchers at Credit Agricole from an “outperform” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Tiffany & Co. in a research note to investors on Friday, November 8th. They now have a $88.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Tiffany & Co. from $57.00 to $65.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. Finally, analysts at Sterne Agee upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 9th. They now have a $86.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $78.42.
Shares of Tiffany & Co. (NYSE:TIF) traded up 9.30% during mid-day trading on Tuesday, hitting $88.52. 3,936,174 shares of the company’s stock traded hands. Tiffany & Co. has a one year low of $55.83 and a one year high of $83.48. The stock has a 50-day moving average of $79.14 and a 200-day moving average of $78.17. The company has a market cap of $11.326 billion and a price-to-earnings ratio of 24.04. Tiffany & Co. also was the target of unusually large options trading activity on Monday. Stock investors bought 4,718 put options on the stock. This represents an increase of 619% compared to the typical volume of 656 put options.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.15. The company had revenue of $911.00 million for the quarter, compared to the consensus estimate of $889.51 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 10th. Shareholders of record on Friday, December 20th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, December 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.