Tiffany & Co. (NYSE:TIF) will release its earnings data before the market opens on Wednesday, November 29th. Analysts expect Tiffany & Co. to post earnings of $0.76 per share for the quarter.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. During the same quarter in the previous year, the business earned $0.84 EPS. Tiffany & Co.’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Tiffany & Co. to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Tiffany & Co. (NYSE TIF) opened at $93.54 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 52 week low of $76.04 and a 52 week high of $97.29. The stock has a market cap of $11,807.49, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.22 and a beta of 1.96.
Several research firms recently issued reports on TIF. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Susquehanna Bancshares Inc began coverage on shares of Tiffany & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 target price for the company. Cowen and Company set a $102.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Tiffany & Co. in a research report on Friday, October 13th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Tiffany & Co. presently has an average rating of “Hold” and an average price target of $94.91.
In other news, Director Francesco Trapani purchased 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total transaction of $414,304,000.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 267,064 shares of company stock worth $23,789,094. 1.30% of the stock is currently owned by insiders.
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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