Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Tiffany & Co. (TIF) Stock Price
Headlines about Tiffany & Co. (NYSE:TIF) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tiffany & Co. earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.839999066975 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- 5 Wildest Moments From Tiffany Haddish’s New York Film Critics Circle Awards Acceptance Speech (toofab.com)
- Watch Tiffany Haddish’s Epic Acceptance Speech at the NYFCC Dinner (flavorwire.com)
- Tiffany Haddish accepts NYFCC Best Supporting Actress award with a cocktail in hand (metro.co.uk)
- Tiffany Haddish isn’t worried about her ‘Girls Trip’ Golden Globes snub (nydailynews.com)
- Tiffany & Co. High Tea Among Dream Cruises Retail (msn.com)
Shares of Tiffany & Co. (TIF) traded down $0.28 during trading hours on Thursday, reaching $106.75. 1,330,000 shares of the company were exchanged, compared to its average volume of 1,680,000. The company has a market capitalization of $13,270.00, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.93. Tiffany & Co. has a fifty-two week low of $76.08 and a fifty-two week high of $108.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. sell-side analysts predict that Tiffany & Co. will post 3.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.87%. Tiffany & Co.’s payout ratio is presently 53.62%.
Several brokerages have recently commented on TIF. Goldman Sachs Group cut shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $106.00 to $94.00 in a report on Friday, September 22nd. Zacks Investment Research cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, November 22nd. Cowen reissued a “buy” rating on shares of Tiffany & Co. in a research note on Sunday, September 17th. Finally, SBG Securities cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $100.53.
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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.
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