Research Analysts Offer Predictions for Tiffany & Co.’s Q3 2018 Earnings (TIF)
Tiffany & Co. (NYSE:TIF) – Stock analysts at William Blair reduced their Q3 2018 earnings per share (EPS) estimates for Tiffany & Co. in a report issued on Thursday. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings of $0.71 per share for the quarter, down from their prior forecast of $0.76. William Blair also issued estimates for Tiffany & Co.’s Q4 2018 earnings at $1.55 EPS.
TIF has been the subject of a number of other reports. Royal Bank Of Canada reissued a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. Bank of America Corporation reissued a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Cowen and Company reissued an “outperform” rating and set a $107.00 price objective on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.81.
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Shares of Tiffany & Co. (NYSE TIF) traded down 0.50% during midday trading on Monday, hitting $87.84. 110,196 shares of the stock were exchanged. Tiffany & Co. has a 12 month low of $66.35 and a 12 month high of $97.29. The stock has a market cap of $10.94 billion, a P/E ratio of 23.86 and a beta of 1.92. The firm has a 50 day moving average of $91.69 and a 200-day moving average of $91.16.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The firm had revenue of $960 million for the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is currently 54.35%.
Large investors have recently modified their holdings of the stock. Achmea Investment Management B.V. boosted its stake in shares of Tiffany & Co. by 28.4% in the second quarter. Achmea Investment Management B.V. now owns 19,472 shares of the specialty retailer’s stock worth $1,824,000 after buying an additional 4,308 shares in the last quarter. Sentry Investment Management LLC boosted its stake in shares of Tiffany & Co. by 1.5% in the second quarter. Sentry Investment Management LLC now owns 45,630 shares of the specialty retailer’s stock worth $4,283,000 after buying an additional 696 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Tiffany & Co. by 25.5% in the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock worth $3,455,000 after buying an additional 7,484 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Tiffany & Co. by 159.8% in the second quarter. Advisory Services Network LLC now owns 3,634 shares of the specialty retailer’s stock worth $341,000 after buying an additional 2,235 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Tiffany & Co. during the second quarter worth $1,286,000. Institutional investors own 79.70% of the company’s stock.
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.
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