Tiffany & Co. (TIF) Earning Negative Media Coverage, Report Finds
News coverage about Tiffany & Co. (NYSE:TIF) has been trending negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tiffany & Co. earned a daily sentiment score of -2.50 on their scale. InfoTrie also gave media coverage about the specialty retailer an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Tiffany & Co.’s score:
- Tiffany’s holiday season was even worse than it predicted (wral.com)
- Tiffany Earnings Show More Demand Struggles (fool.com)
- Tiffany Weathers Slow 4Q for Record 2018 (diamonds.net)
- Tiffany & Co. (TIF) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Tiffany disappoints, N. America hits Nike, Deutsche Bank hopes for higher revenue (sports.yahoo.com)
Several equities research analysts have commented on TIF shares. Guggenheim restated a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research note on Friday, January 18th. Wells Fargo & Co dropped their price target on Tiffany & Co. from $100.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 2nd. Goldman Sachs Group dropped their price target on Tiffany & Co. from $158.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. ValuEngine lowered Tiffany & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, Credit Suisse Group lowered their target price on Tiffany & Co. from $146.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, November 29th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $117.09.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Friday, March 22nd. The specialty retailer reported $1.60 EPS for the quarter, meeting analysts’ consensus estimates of $1.60. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. Tiffany & Co.’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. Equities analysts predict that Tiffany & Co. will post 4.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 20th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, March 19th. Tiffany & Co.’s dividend payout ratio is currently 47.62%.
In related news, insider Philippe Galtie sold 1,263 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $88.23, for a total value of $111,434.49. Following the completion of the transaction, the insider now owns 6,010 shares of the company’s stock, valued at $530,262.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew W. Hart sold 7,428 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $87.39, for a total value of $649,132.92. Following the completion of the transaction, the senior vice president now directly owns 19,024 shares of the company’s stock, valued at approximately $1,662,507.36. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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About Tiffany & Co.
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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