Tiffany & Co. (TIF) Expected to Earn FY2019 Earnings of $4.06 Per Share

Tiffany & Co. (NYSE:TIF) – Analysts at Jefferies Group decreased their FY2019 earnings estimates for Tiffany & Co. in a research note issued on Wednesday. Jefferies Group analyst R. Konik now anticipates that the specialty retailer will post earnings per share of $4.06 for the year, down from their prior forecast of $4.55.

Several other research firms also recently commented on TIF. Royal Bank of Canada lifted their target price on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. JPMorgan Chase & Co. began coverage on shares of Tiffany & Co. in a research report on Monday, December 18th. They set a “neutral” rating and a $103.00 target price on the stock. Citigroup upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $92.00 to $115.00 in a research report on Thursday, December 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and an average price target of $102.00.

Tiffany & Co. (NYSE TIF) traded down $0.28 during trading hours on Monday, reaching $107.77. 2,535,600 shares of the company traded hands, compared to its average volume of 1,902,138. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a twelve month low of $77.15 and a twelve month high of $110.17. The firm has a market cap of $13,610.00, a P/E ratio of 28.89, a PEG ratio of 2.45 and a beta of 1.93.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the 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 business had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. During the same period last year, the company earned $0.76 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.86%. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.62%.

In other news, Director Charles K. Marquis sold 4,717 shares of Tiffany & Co. stock in a transaction on Friday, January 19th. The shares were sold at an average price of $107.84, for a total value of $508,681.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Philippe Galtie sold 673 shares of Tiffany & Co. stock in a transaction on Friday, January 19th. The shares were sold at an average price of $107.92, for a total transaction of $72,630.16. Following the completion of the sale, the insider now owns 673 shares of the company’s stock, valued at approximately $72,630.16. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. QS Investors LLC increased its stake in shares of Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 103 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Tiffany & Co. by 3.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,050 shares of the specialty retailer’s stock valued at $380,000 after acquiring an additional 120 shares in the last quarter. CLS Investments LLC increased its stake in shares of Tiffany & Co. by 3.7% in the 3rd quarter. CLS Investments LLC now owns 15,610 shares of the specialty retailer’s stock valued at $1,433,000 after acquiring an additional 557 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Tiffany & Co. by 5.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,800 shares of the specialty retailer’s stock valued at $995,000 after acquiring an additional 600 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Tiffany & Co. by 5.3% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 12,445 shares of the specialty retailer’s stock valued at $1,294,000 after acquiring an additional 630 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

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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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