Tiffany & Co. (NYSE:TIF) – Equities research analysts at Oppenheimer Holdings upped their FY2018 EPS estimates for shares of Tiffany & Co. in a note issued to investors on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will earn $3.92 per share for the year, up from their previous estimate of $3.80. Oppenheimer Holdings has a “Buy” rating and a $105.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Tiffany & Co.’s Q4 2018 earnings at $1.52 EPS and FY2019 earnings at $4.00 EPS.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The firm had revenue of $960 million during the quarter, compared to analysts’ expectations of $930.19 million. During the same quarter in the previous year, the company posted $0.84 EPS. Tiffany & Co.’s revenue was up 3.0% on a year-over-year basis.
TRADEMARK VIOLATION WARNING: “Equities Analysts Set Expectations for Tiffany & Co.’s FY2018 Earnings (TIF)” was published by BBNS and is owned by of BBNS. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/equities-analysts-set-expectations-for-tiffany-co-s-fy2018-earnings-tif/1552424.html.
A number of other equities research analysts have also recently issued reports on TIF. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Tiffany & Co. in a research note on Tuesday, May 2nd. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and raised their price target for the company from $82.00 to $107.00 in a report on Friday, May 12th. Cowen and Company reaffirmed an “outperform” rating and set a $107.00 price target on shares of Tiffany & Co. in a report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $88.00 price target (down previously from $93.00) on shares of Tiffany & Co. in a report on Thursday, May 25th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.81.
Tiffany & Co. (NYSE:TIF) opened at 88.00 on Friday. The company has a market cap of $10.96 billion, a PE ratio of 23.90 and a beta of 1.92. Tiffany & Co. has a 52-week low of $66.35 and a 52-week high of $97.29. The company has a 50-day moving average of $91.69 and a 200 day moving average of $91.16. Tiffany & Co. also saw some unusual options trading activity on Wednesday. Investors purchased 15,818 put options on the company. This is an increase of approximately 1,044% compared to the typical volume of 1,383 put options.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, September 19th. Tiffany & Co.’s payout ratio is 54.35%.
A number of large investors have recently added to or reduced their stakes in the company. Delphi Private Advisors LLC increased its position in shares of Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after buying an additional 62 shares during the period. IFP Advisors Inc increased its stake in shares of Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after buying an additional 496 shares during the period. QS Investors LLC increased its stake in shares of Tiffany & Co. by 8.2% in the second 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 period. Finally, Macquarie Group Ltd. increased its stake in shares of Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock worth $132,000 after buying an additional 1,300 shares during the period. Institutional investors own 81.31% of the company’s stock.
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 our FREE daily email newsletter.