Tiffany & Co. (NYSE:TIF) Given Price Target Of $77.833


As per Tiffany & Co. (NYSE:TIF)’s news release on 2016-08-18, its shareholders will get cash dividend of $0.45 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-20 and 2016-10-11, respectively.

The stock will commence trading ex-dividend from 2016-09-16, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Tiffany & Co. (NYSE:TIF) disbursed $0.45 in dividend compared to distribution of $0.45, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.7568%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Tiffany & Co. (NYSE:TIF) to attain a price target of $77.833. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $85. The low price range is set at $70 for next year while the arithmetic mean is seen at 2.29.

Eyeing Earnings Tiffany & Co. (NYSE:TIF) is likely to post quarterly numbers around 2016-11-22 for the quarter ending 2016-10-31. The quarterly EPS projection is set at $0.67 for the period ending on 2016-10-31.

In last quarter ended 2016-01-31, Tiffany & Co. (NYSE:TIF) earnings came at $0.84 suggesting a deviation of $0.13. The brokerages targeted EPS of $0.71 for the quarter.

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