Tiffany & Co. (NYSE:TIF) – Research analysts at William Blair boosted their Q4 2018 earnings estimates for Tiffany & Co. in a research report issued to clients and investors on Wednesday. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings per share of $1.64 for the quarter, up from their prior forecast of $1.49.
TIF has been the topic of a number of other research reports. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Wells Fargo & Co set a $96.00 price target on shares of Tiffany & Co. and gave the stock a “hold” rating in a report 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 on the stock in a report on Monday, November 27th. Susquehanna Bancshares began coverage on shares of Tiffany & Co. in a report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a report on Thursday. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Tiffany & Co. has a consensus rating of “Buy” and an average target price of $102.00.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $976.20 million for 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%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share.
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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.62%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC increased its stake in Tiffany & Co. by 2.5% in the second 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 in the last quarter. QS Investors LLC increased its stake in Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 103 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in Tiffany & Co. by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 4,050 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 120 shares in the last quarter. CLS Investments LLC increased its stake in Tiffany & Co. by 3.7% in the third quarter. CLS Investments LLC now owns 15,610 shares of the specialty retailer’s stock valued at $1,433,000 after purchasing an additional 557 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Tiffany & Co. by 5.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,800 shares of the specialty retailer’s stock valued at $995,000 after purchasing an additional 600 shares in the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.
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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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