Equities research analysts at HSBC (NYSE: HBC) lowered their price target on shares of Tiffany & Co. (NYSE: TIF) from $81.00 to $77.00 in a research note to investors on Friday. The analysts currently have a "neutral" rating on the stock.
Separately, analysts at Zacks Investment Research downgraded shares of Tiffany & Co. from an "outperform" rating to a "neutral" rating in a research note to investors on Monday. Also, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Tiffany & Co. from $76.00 to $79.00 in a research note to investors on Tuesday. They now have a "hold" rating on the stock.
Shares of Tiffany & Co. opened at 71.02 on Monday. Tiffany & Co. has a 52 week low of $41.30 and a 52 week high of $84.49. The stock's 50-day moving average is $72.24 and its 200-day moving average is $68.95. The company has a market cap of $9.093 billion and a price-to-earnings ratio of 22.49.
Tiffany & Co. last announced its quarterly results on Friday, August 26th. The company reported $0.86 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.69 EPS by $0.17. The company’s quarterly revenue was up 30.5% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $0.60 EPS next quarter.
Tiffany & Co. is a holding company and conducts all business through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company, is a jeweler and specialty retailer whose principal merchandise offering is fine jewelry. The Company also sells timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories. Through Tiffany and Company and other subsidiaries, the Company is engaged in product design, manufacturing and retailing activities. Its Americas segment includes sales in TIFFANY & CO. stores in the United States, Canada and Latin/South America, as well as sales of TIFFANY & CO. products in certain markets through business-to-business, Internet, catalog and wholesale operations. Its Asia-Pacific segment includes sales in TIFFANY & CO. stores, as well as sales of TIFFANY & CO. products in certain markets through business-to-business, Internet and wholesale operations.
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