Tiffany & Co. Expected to Earn FY2018 Earnings of $4.07 Per Share (TIF)
Tiffany & Co. (NYSE:TIF) – Stock analysts at Jefferies Group boosted their FY2018 earnings per share (EPS) estimates for Tiffany & Co. in a research report issued on Wednesday. Jefferies Group analyst R. Konik now anticipates that the specialty retailer will post earnings per share of $4.07 for the year, up from their prior estimate of $4.00.
TIF has been the subject of a number of other research reports. KeyCorp reiterated a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, October 11th. Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Susquehanna Bancshares began coverage on Tiffany & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target on the stock. Wells Fargo & Co set a $96.00 price target on Tiffany & Co. and gave the stock a “hold” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. began coverage on Tiffany & Co. in a research report on Monday, December 18th. They set a “neutral” rating and a $103.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. presently has an average rating of “Buy” and an average target price of $102.00.
Shares of Tiffany & Co. (NYSE TIF) traded down $0.94 during trading hours on Thursday, hitting $108.05. The stock had a trading volume of 1,932,600 shares, compared to its average volume of 1,849,350. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 1-year low of $77.15 and a 1-year high of $110.17. The stock has a market cap of $13,390.00, a PE ratio of 28.97, a P/E/G ratio of 2.51 and a beta of 1.93.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The business had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC increased its holdings in shares of Tiffany & Co. by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 2,885 shares of the specialty retailer’s stock valued at $263,000 after acquiring an additional 69 shares during the last quarter. QS Investors LLC grew its stake in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Tiffany & Co. by 3.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,050 shares of the specialty retailer’s stock worth $380,000 after buying an additional 120 shares during the last quarter. CLS Investments LLC grew its stake in Tiffany & Co. by 3.7% during the 3rd quarter. CLS Investments LLC now owns 15,610 shares of the specialty retailer’s stock worth $1,433,000 after buying an additional 557 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Tiffany & Co. by 5.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,800 shares of the specialty retailer’s stock worth $995,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. Tiffany & Co.’s dividend payout ratio (DPR) is 53.62%.
WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/01/19/tiffany-co-expected-to-earn-fy2018-earnings-of-4-07-per-share-tif.html.
Tiffany & Co. Company Profile
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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.