Tiffany & Co. (NYSE:TIF) – Equities research analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for Tiffany & Co. in a note issued to investors on Thursday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $4.01 for the year, up from their previous forecast of $4.00. KeyCorp has a “Overweight” rating and a $115.00 price target on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q4 2018 earnings at $1.55 EPS and FY2019 earnings at $4.36 EPS.
A number of other research firms have also issued reports on TIF. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Tuesday, October 17th. Cowen set a $102.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, October 18th. Oppenheimer reiterated a “buy” rating and set a $105.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, November 29th. Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday, November 30th. Finally, Goldman Sachs Group cut Tiffany & Co. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $106.00 to $94.00 in a research report on Friday, September 22nd. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $100.53.
Shares of Tiffany & Co. (NYSE TIF) opened at $106.57 on Monday. The stock has a market capitalization of $13,244.24, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.93. 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. has a one year low of $76.08 and a one year high of $108.19.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. Tiffany & Co.’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.88%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s payout ratio is 53.76%.
A number of large investors have recently bought and sold shares of TIF. Parametric Portfolio Associates LLC boosted its stake in shares of Tiffany & Co. by 13.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 499,306 shares of the specialty retailer’s stock worth $45,826,000 after acquiring an additional 58,219 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Tiffany & Co. during the 3rd quarter worth about $274,000. Public Employees Retirement System of Ohio raised its position in shares of Tiffany & Co. by 9.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,319 shares of the specialty retailer’s stock worth $6,821,000 after purchasing an additional 6,618 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Tiffany & Co. during the 3rd quarter worth about $335,000. Finally, Guardian Capital LP raised its position in shares of Tiffany & Co. by 6.4% during the 3rd quarter. Guardian Capital LP now owns 71,951 shares of the specialty retailer’s stock worth $6,604,000 after purchasing an additional 4,322 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors.
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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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