Tiffany & Co. (NYSE:TIF) – Equities researchers at William Blair reduced their Q4 2018 EPS estimates for shares of Tiffany & Co. in a research note issued on Wednesday. William Blair analyst D. Carden now forecasts that the specialty retailer will earn $1.49 per share for the quarter, down from their prior forecast of $1.55.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year.

A number of other equities analysts have also commented on the stock. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Goldman Sachs Group downgraded shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $106.00 to $94.00 in a research note on Friday, September 22nd. Susquehanna Bancshares initiated coverage on shares of Tiffany & Co. in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price objective on the stock. Finally, Cowen restated a “buy” rating on shares of Tiffany & Co. in a research note on Sunday, September 17th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $98.69.

Tiffany & Co. (NYSE TIF) traded up $2.75 during trading hours on Monday, hitting $97.25. 3,090,200 shares of the stock were exchanged, compared to its average volume of 1,677,460. Tiffany & Co. has a 12 month low of $76.08 and a 12 month high of $98.58. The company has a market capitalization of $12,085.98, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44.

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

In other Tiffany & Co. news, Director Robert S. Singer purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were purchased at an average price of $88.13 per share, for a total transaction of $88,130.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Francesco Trapani purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. QS Investors LLC boosted its stake in Tiffany & Co. by 8.2% during 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 in the last quarter. Welch Group LLC boosted its stake in Tiffany & Co. by 0.5% during the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after buying an additional 8 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in Tiffany & Co. during the second quarter worth $201,000. Commerce Bank acquired a new stake in Tiffany & Co. during the second quarter worth $209,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Tiffany & Co. by 8.3% during the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/04/tiffany-co-tif-to-post-q4-2018-earnings-of-1-49-per-share-william-blair-forecasts.html.

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)

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 MarketBeat.com's FREE daily email newsletter.