Tiffany & Co. (NYSE:TIF) – Stock analysts at Jefferies Group boosted their FY2018 earnings per share estimates for shares of Tiffany & Co. in a research note issued to investors on Wednesday. Jefferies Group analyst R. Konik now forecasts that the specialty retailer will post earnings per share of $4.07 for the year, up from their prior forecast of $4.00.

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

A number of other analysts have also commented on TIF. Goldman Sachs Group lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $106.00 to $94.00 in a research report on Friday, September 22nd. raised Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $90.00 to $110.00 in a research report on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, October 11th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Friday, October 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. currently has a consensus rating of “Buy” and a consensus target price of $102.00.

Shares of Tiffany & Co. (NYSE:TIF) traded up $1.41 during trading on Thursday, reaching $108.99. The company had a trading volume of 2,739,300 shares, compared to its average volume of 1,841,782. Tiffany & Co. has a twelve month low of $77.15 and a twelve month high of $110.17. The company has a market cap of $13,369.76, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09.

A number of hedge funds have recently added to or reduced their stakes in TIF. Private Advisor Group LLC boosted its stake in Tiffany & Co. by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,885 shares of the specialty retailer’s stock valued at $263,000 after purchasing an additional 69 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Tiffany & Co. by 5.1% in the 2nd quarter. Wells Fargo & Company MN now owns 207,528 shares of the specialty retailer’s stock worth $19,481,000 after buying an additional 10,018 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Tiffany & Co. by 2.4% in the 2nd quarter. Alliancebernstein L.P. now owns 196,827 shares of the specialty retailer’s stock worth $18,476,000 after buying an additional 4,562 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Tiffany & Co. by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 405,126 shares of the specialty retailer’s stock worth $38,038,000 after buying an additional 5,047 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Tiffany & Co. by 58.5% in the 2nd quarter. Amalgamated Bank now owns 12,124 shares of the specialty retailer’s stock worth $1,138,000 after buying an additional 4,477 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. Tiffany & Co.’s dividend payout ratio (DPR) 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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