Oppenheimer Holdings Equities Analysts Raise Earnings Estimates for Tiffany & Co. (TIF)

Tiffany & Co. (NYSE:TIF) – Equities research analysts at Oppenheimer Holdings raised their FY2019 earnings per share estimates for shares of Tiffany & Co. in a research note issued on Friday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $3.86 for the year, up from their prior forecast of $3.80. Oppenheimer Holdings currently has a “Buy” rating and a $105.00 target price on the stock.

Several other research analysts also recently weighed in on TIF. BidaskClub downgraded shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Citigroup Inc. dropped their target price on shares of Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday. Goldman Sachs Group, Inc. (The) dropped their target price on shares of Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, May 24th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.81.

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Tiffany & Co. (NYSE TIF) traded down 2.57% during trading on Monday, reaching $88.40. 775,998 shares of the company’s stock were exchanged. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 24.54 and a beta of 1.92. The company’s 50 day moving average price is $92.93 and its 200-day moving average price is $90.71. Tiffany & Co. has a 52 week low of $66.19 and a 52 week high of $97.29.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The firm had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. Tiffany & Co.’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after buying an additional 6,747,028 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Tiffany & Co. by 9,785.1% in the second quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after buying an additional 1,200,235 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Tiffany & Co. by 85.9% in the first quarter. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer’s stock worth $195,746,000 after buying an additional 949,105 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Tiffany & Co. during the first quarter worth $39,206,000. Finally, Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Tiffany & Co. during the second quarter worth $30,981,000. Institutional investors and hedge funds own 81.31% of the company’s stock.

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.

Earnings History and Estimates for Tiffany & Co. (NYSE:TIF)

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