Tiffany & Co. (TIF) Issues FY18 Earnings Guidance
Tiffany & Co. (NYSE:TIF) updated its FY18 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of MSD to $3.94 for the period, compared to the Thomson Reuters consensus estimate of $3.76.
Several equities analysts have recently commented on the stock. Telsey Advisory Group lowered their price target on shares of Tiffany & Co. from $110.00 to $93.00 and set an outperform rating on the stock in a report on Monday. Instinet boosted their price target on shares of Tiffany & Co. from $98.00 to $102.00 and gave the company a buy rating in a report on Monday. Mizuho boosted their price target on shares of Tiffany & Co. from $74.00 to $85.00 and gave the company a neutral rating in a report on Friday. Royal Bank of Canada restated a hold rating and set a $93.00 price target on shares of Tiffany & Co. in a report on Friday. Finally, Jefferies Group LLC set a $110.00 price target on shares of Tiffany & Co. and gave the company a buy rating in a report on Saturday. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Tiffany & Co. has a consensus rating of Buy and a consensus target price of $88.34.
Shares of Tiffany & Co. (NYSE:TIF) opened at 93.83 on Tuesday. The stock’s 50 day moving average is $85.64 and its 200 day moving average is $78.42. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $94.65. The company has a market capitalization of $11.68 billion, a PE ratio of 26.28 and a beta of 1.89.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Friday, March 17th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. Tiffany & Co. had a net margin of 11.33% and a return on equity of 15.97%. The business earned $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Tiffany & Co. will post $3.90 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Monday, March 20th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, March 16th. Tiffany & Co.’s dividend payout ratio (DPR) is 50.42%.
In other Tiffany & Co. news, insider Andrew W. Hart sold 1,367 shares of Tiffany & Co. stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $77.98, for a total value of $106,598.66. Following the completion of the sale, the insider now owns 4,654 shares in the company, valued at approximately $362,918.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew W. Hart sold 21,504 shares of Tiffany & Co. stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $80.13, for a total transaction of $1,723,115.52. Following the completion of the sale, the insider now owns 7,786 shares of the company’s stock, valued at approximately $623,892.18. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
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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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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