Tiffany & Co. (TIF) Expected to Post Q4 2018 Earnings of $1.49 Per Share
Tiffany & Co. (NYSE:TIF) – Research analysts at William Blair decreased their Q4 2018 earnings per share estimates for shares of Tiffany & Co. in a report issued on Wednesday. William Blair analyst D. Carden now forecasts that the specialty retailer will post earnings per share of $1.49 for the quarter, down from their previous forecast of $1.55.
A number of other analysts have also recently weighed in on the company. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, August 14th. BidaskClub cut Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Susquehanna Bancshares initiated coverage on Tiffany & Co. in a research report on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price objective for the company. Finally, Cowen set a $102.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Thursday, November 30th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $98.69.
Shares of Tiffany & Co. (TIF) traded down $0.52 during midday trading on Monday, reaching $95.02. The company’s stock had a trading volume of 870,157 shares, compared to its average volume of 1,675,360. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The company has a market cap of $11,820.00, a PE ratio of 24.87, a PEG ratio of 2.26 and a beta of 1.93. Tiffany & Co. has a 1-year low of $76.08 and a 1-year high of $98.64.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.10%. Tiffany & Co.’s dividend payout ratio is currently 53.62%.
In other news, Director Francesco Trapani purchased 25,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of $89.34 per share, with a total value of $2,233,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of Tiffany & Co. stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Welch Group LLC lifted its position in Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 8 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tiffany & Co. by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,964 shares of the specialty retailer’s stock worth $748,000 after acquiring an additional 25 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Tiffany & Co. by 2.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock worth $216,000 after acquiring an additional 62 shares during the period. Private Advisor Group LLC lifted its position in Tiffany & Co. by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,885 shares of the specialty retailer’s stock worth $263,000 after acquiring an additional 69 shares during the period. Finally, Alps Advisors Inc. lifted its position in Tiffany & Co. by 1.6% during the 2nd quarter. Alps Advisors Inc. now owns 6,028 shares of the specialty retailer’s stock worth $566,000 after acquiring an additional 94 shares during the period. 81.04% of the stock is owned by institutional investors.
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. 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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