Canaccord Genuity Reaffirms Hold Rating on Tiffany & Co. (TIF)
Several other analysts have also recently commented on the stock. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Tiffany & Co. from $80.00 to $68.00 in a research note to investors on Friday. Separately, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Tiffany & Co. to $68.00 in a research note to investors on Friday. Finally, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Tiffany & Co. to $64.00 in a research note to investors on Friday.
Tiffany & Co. opened at 56.32 on Friday. Tiffany & Co. has a 52-week low of $56.21 and a 52-week high of $84.49. The company has a market cap of $7.137 billion and a price-to-earnings ratio of 16.88.
Tiffany & Co. last posted its quarterly earnings results on Thursday, May 24th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.06. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $0.68 EPS next quarter.
Tiffany & Co is a holding company and conducts all business through its subsidiary companies. The Company, through its subsidiaries, including Tiffany and Company (Tiffany), sells fine jewelry and other items that it manufactures or has been made by others.