Tiffany & Co. (NYSE:TIF) – Equities research analysts at William Blair increased their FY2018 EPS estimates for Tiffany & Co. in a research note issued to investors on Wednesday. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings per share of $4.10 for the year, up from their previous estimate of $3.95. William Blair also issued estimates for Tiffany & Co.’s Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.96 EPS, Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $1.72 EPS and FY2019 earnings at $4.25 EPS.
A number of other research firms have also recently commented on TIF. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Tuesday, October 17th. Cowen set a $102.00 price target on shares of Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Oppenheimer reaffirmed a “buy” rating and set a $105.00 price target on shares of Tiffany & Co. in a research note on Wednesday, November 29th. Royal Bank of Canada set a $94.00 price target on shares of Tiffany & Co. and gave the stock a “hold” rating in a research note on Thursday, November 30th. Finally, Goldman Sachs Group cut shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $106.00 to $94.00 in a research note on Friday, September 22nd. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.00.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The firm had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. During the same period in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 annualized dividend and a yield of 1.84%. Tiffany & Co.’s dividend payout ratio (DPR) is 53.76%.
A number of institutional investors have recently added to or reduced their stakes in the business. Sawyer & Company Inc purchased a new stake in shares of Tiffany & Co. in the 4th quarter worth approximately $130,000. QS Investors LLC lifted its position in shares of Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares during the period. ING Groep NV purchased a new stake in shares of Tiffany & Co. in the 3rd quarter worth approximately $213,000. Breton Hill Capital Ltd. purchased a new stake in shares of Tiffany & Co. in the 3rd quarter worth approximately $226,000. Finally, Caxton Associates LP purchased a new stake in shares of Tiffany & Co. in the 2nd quarter worth approximately $235,000. 81.13% of the stock is owned by institutional investors.
About Tiffany & Co.
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.
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