Tiffany & Co. (TIF) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 72

Tiffany & Co. (TIF) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 72 from a previous price target of $66 . RBC Capital Mkts advised their investors in a research report released on Apr 13, 2016.

Many Wall Street Analysts have commented on Tiffany & Co.. Company shares were Reiterated by Telsey Advisory Group on Mar 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 83 from a previous price target of $80 .Shares were Reiterated by Topeka Capital Markets on Mar 18, 2016 to “Buy” and Lowered the Price Target to $ 89 from a previous price target of $92 .Tiffany & Co. was Downgraded by Citigroup to ” Neutral” on Mar 15, 2016.

On the company’s financial health, Tiffany & Co. reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Mar 18, 2016. Analyst had a consensus of $1.40. The company had revenue of $1213.60 million for the quarter, compared to analysts expectations of $1211.28 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.51 EPS.

Tiffany & Co. opened for trading at $70.83 and hit $71.25 on the upside on Monday, eventually ending the session at $70.83, with a gain of 0.28% or 0.2 points. The heightened volatility saw the trading volume jump to 17,19,353 shares. Company has a market cap of $8,927 M.

In a different news, on Apr 6, 2016, Michael Joseph Kowalski (director) sold 154,750 shares at $72.96 per share price. According to the SEC, on Apr 6, 2016, Andrew W. Hart (SENIOR VICE PRESIDENT) sold 1,930 shares at $71.77 per share price. On Apr 4, 2016, Charles K. Marquis (director) sold 10,000 shares at $72.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

Tiffany & Co.

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