Tiffany & Co. (NYSE: TIF) The analysts wrote, ?Since reporting disappointing holiday sales on January 10, TIF shares have appreciated 16%, vs. the S&P 500 index +6%, the RLX index +9%, and the luxury peer group +7%. There is no fundamental catalyst to credit for this move, and the FY13 consensus EPS estimate has declined $0.30 over the last two months ahead of TIF?s Q4 earnings release scheduled for March 22. Our FY13 EPS estimate of $3.40 is $0.10 below the reduced consensus forecast. We believe sales momentum will continue to decelerate in FY13, with recent tax increases adding pressure to the aspirational luxury customer.? Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a ?buy? rating on shares of Tiffany & Co. in a research note to investors on Monday, March 4th. Separately, analysts at Sterne Agee initiated coverage on shares of Tiffany & Co. in a research note to investors on Monday, March 4th. They set a ?neutral? rating and a $68.00 price target on the stock. Finally, analysts at Monness Crespi & Hardt downgraded shares of Tiffany & Co. from a ?buy? rating to a ?neutral? rating in a research note to investors on Monday, February 4th. Shares of Tiffany & Co. opened at 70.25 on Friday. Tiffany & Co. has a 52 week low of $49.72 and a 52 week high of $74.20. The stock?s 50-day moving average is currently $65.2. The company has a market cap of $8.906 billion and a P/E ratio of 21.90.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 10th. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, March 18th. Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.