FY2018 Earnings Estimate for Tiffany & Co. (TIF) Issued By KeyCorp

Tiffany & Co. (NYSE:TIF) – Equities research analysts at KeyCorp raised their FY2018 earnings per share (EPS) estimates for shares of Tiffany & Co. in a report released on Wednesday. KeyCorp analyst E. Yruma now expects that the specialty retailer will post earnings of $4.10 per share for the year, up from their previous forecast of $4.01. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q4 2018 earnings at $1.64 EPS.

Other analysts have also issued research reports about the stock. Oppenheimer restated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, November 22nd. Wells Fargo & Co set a $96.00 price target on shares of Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Monday, November 27th. Susquehanna Bancshares initiated coverage on shares of Tiffany & Co. in a research note on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on shares of Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research note on Thursday. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Tiffany & Co. presently has an average rating of “Buy” and a consensus price target of $102.00.

Tiffany & Co. (NYSE:TIF) traded down $0.94 during trading hours on Friday, hitting $108.05. 1,932,600 shares of the stock traded hands, compared to its average volume of 1,849,350. The company has a market cap of $13,400.00, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.51 and a beta of 1.93. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 12 month low of $77.15 and a 12 month high of $110.17.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is 53.62%.

A number of institutional investors and hedge funds have recently bought and sold shares of TIF. Private Advisor Group LLC boosted its holdings 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 worth $263,000 after acquiring an additional 69 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Tiffany & Co. by 5.1% during the 2nd quarter. Wells Fargo & Company MN now owns 207,528 shares of the specialty retailer’s stock worth $19,481,000 after acquiring an additional 10,018 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Tiffany & Co. by 2.4% during the 2nd quarter. Alliancebernstein L.P. now owns 196,827 shares of the specialty retailer’s stock worth $18,476,000 after acquiring an additional 4,562 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Tiffany & Co. by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,126 shares of the specialty retailer’s stock worth $38,038,000 after acquiring an additional 5,047 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Tiffany & Co. by 58.5% during the 2nd quarter. Amalgamated Bank now owns 12,124 shares of the specialty retailer’s stock worth $1,138,000 after acquiring an additional 4,477 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

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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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