Tiffany & Co. (NYSE:TIF) updated its FY19 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $4.25-4.45 for the period, compared to the Thomson Reuters consensus estimate of $4.42. The company issued revenue guidance of mid single digits (cons +4.8%), compared to the consensus revenue estimate of $4.37 billion.
Several brokerages have recently weighed in on TIF. Oppenheimer reissued a buy rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Wells Fargo set a $96.00 price target on shares of Tiffany & Co. and gave the company a hold rating in a research report on Thursday, January 11th. Zacks Investment Research raised shares of Tiffany & Co. from a hold rating to a buy rating and set a $104.00 price target on the stock in a research report on Monday, November 27th. Royal Bank of Canada boosted their price target on shares of Tiffany & Co. to $108.00 and gave the company a sector perform rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Citigroup raised shares of Tiffany & Co. from a neutral rating to a buy rating and boosted their price target for the company from $92.00 to $115.00 in a research report on Thursday, December 14th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $105.00.
Tiffany & Co. (NYSE:TIF) opened at $97.51 on Friday. Tiffany & Co. has a 1 year low of $84.15 and a 1 year high of $111.44. 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 $12,764.53, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.78.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. Tiffany & Co.’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. equities research analysts forecast that Tiffany & Co. will post 4.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. Tiffany & Co.’s dividend payout ratio is presently 53.76%.
In other news, Director Abby F. Kohnstamm sold 10,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $108.73, for a total transaction of $1,087,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew W. Hart sold 40,251 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $109.22, for a total transaction of $4,396,214.22. Following the sale, the insider now directly owns 22,369 shares in the company, valued at approximately $2,443,142.18. The disclosure for this sale can be found here. Insiders have sold 135,832 shares of company stock worth $14,611,214 in the last three months. Corporate insiders own 1.40% of the company’s stock.
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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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