Analysts Issue Forecasts for Tiffany & Co.’s Q1 2019 Earnings (TIF)

Tiffany & Co. (NYSE:TIF) – Stock analysts at KeyCorp decreased their Q1 2019 earnings per share (EPS) estimates for shares of Tiffany & Co. in a report released on Wednesday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings of $0.74 per share for the quarter, down from their previous estimate of $0.78. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $1.65 EPS and FY2019 earnings at $4.11 EPS.

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

A number of other brokerages also recently weighed in on TIF. Royal Bank of Canada boosted 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. Wells Fargo & Co reissued a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. JPMorgan Chase & Co. initiated coverage on shares of Tiffany & Co. in a report on Monday, December 18th. They set a “neutral” rating and a $103.00 price objective on the stock. Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $115.00 in a report on Thursday, December 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Tuesday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Tiffany & Co. presently has a consensus rating of “Buy” and a consensus target price of $102.00.

Shares of Tiffany & Co. (NYSE:TIF) traded down $0.28 during trading hours on Monday, hitting $107.77. 2,535,600 shares of the company were exchanged, compared to its average volume of 1,902,138. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The stock has a market cap of $13,560.00, a P/E ratio of 28.89, a P/E/G ratio of 2.45 and a beta of 1.93. Tiffany & Co. has a 52 week low of $77.15 and a 52 week high of $110.17.

Several institutional investors have recently made changes to their positions in TIF. Vanguard Group Inc. increased its position in shares of Tiffany & Co. by 2.6% in the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after purchasing an additional 310,235 shares during the last quarter. Investec Asset Management LTD increased its position in shares of Tiffany & Co. by 9.1% in the third quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after purchasing an additional 191,783 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Tiffany & Co. by 22.4% in the third quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after purchasing an additional 411,487 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Tiffany & Co. by 22.9% in the third quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock worth $136,776,000 after purchasing an additional 277,753 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its position in shares of Tiffany & Co. by 300.5% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after purchasing an additional 991,802 shares during the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Philippe Galtie sold 673 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $107.92, for a total value of $72,630.16. Following the sale, the insider now directly owns 673 shares of the company’s stock, valued at $72,630.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles K. Marquis sold 4,717 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $107.84, for a total transaction of $508,681.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

The firm 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 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.62%.

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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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