Brokers Set Expectations for Tiffany & Co.’s FY2018 Earnings (TIF)

Tiffany & Co. (NYSE:TIF) – Research analysts at KeyCorp lifted their FY2018 earnings per share (EPS) estimates for Tiffany & Co. in a report released on Thursday. KeyCorp analyst E. Yruma now forecasts that the specialty retailer will earn $4.00 per share for the year, up from their previous estimate of $3.94. KeyCorp has a “Overweight” rating and a $115.00 price target on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $1.69 EPS and FY2019 earnings at $4.34 EPS.

Several other research firms have also recently commented on TIF. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Friday, August 25th. Cowen set a $102.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, October 18th. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Friday, September 8th. Jefferies Group set a $110.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Royal Bank Of Canada set a $94.00 target price on Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $98.69.

Tiffany & Co. (NYSE TIF) opened at $97.25 on Monday. The company has a market capitalization of $12,085.94, a P/E ratio of 24.87, a PEG ratio of 2.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.29 and a current ratio of 5.44. Tiffany & Co. has a one year low of $76.08 and a one year high of $98.58.

Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The company had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of TIF. Janus Henderson Group PLC increased its holdings in shares of Tiffany & Co. by 9,785.1% during the second quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock valued at $113,818,000 after purchasing an additional 1,200,235 shares during the period. Cramer Rosenthal Mcglynn LLC increased its holdings in shares of Tiffany & Co. by 300.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock valued at $121,319,000 after purchasing an additional 991,802 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Tiffany & Co. by 22.4% during the third quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock valued at $206,259,000 after purchasing an additional 411,487 shares during the period. APG Asset Management N.V. increased its holdings in shares of Tiffany & Co. by 189.4% during the third quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock valued at $51,188,000 after purchasing an additional 365,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Tiffany & Co. by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after purchasing an additional 310,235 shares during the period. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Francesco Trapani bought 25,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $89.34 per share, with a total value of $2,233,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer bought 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was bought at an average cost of $88.13 per share, for a total transaction of $88,130.00. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is currently 53.76%.

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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.

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

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