Tiffany & Co. (TIF) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 76

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 $ 76 from a previous price target of $65 . RBC Capital Mkts advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on Tiffany & Co.. Company shares were Reiterated by Mizuho on Aug 26, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $72 .Shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 65 from a previous price target of $68 .

On the company’s financial health, Tiffany & Co. reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.72. The company had revenue of $931.60 million for the quarter, compared to analysts expectations of $931.37 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Tiffany & Co. opened for trading at $68.62 and hit $70.07 on the upside on Tuesday, eventually ending the session at $69.13, with a gain of 1.56% or 1.06 points. The heightened volatility saw the trading volume jump to 26,19,319 shares. Company has a market cap of $8,712 M.

In a different news, on May 23, 2016, Leigh M. Harlan (SENIOR VICE PRESIDENT) sold 70 shares at $63.94 per share price. According to the SEC, on Apr 6, 2016, Michael Joseph Kowalski (director) sold 154,750 shares at $72.96 per share price. On Apr 6, 2016, Andrew W. Hart (SENIOR VICE PRESIDENT) sold 1,930 shares at $71.77 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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