Tiffany & Co. (NYSE:TIF) updated its FY19 earnings guidance on Friday. The company provided earnings per share guidance of $4.25-4.45 for the period, compared to the Thomson Reuters consensus earnings per share 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.
A number of research firms have recently issued reports on TIF. Oppenheimer restated a buy rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Credit Suisse Group assumed coverage on shares of Tiffany & Co. in a research report on Monday, March 12th. They issued an outperform rating and a $120.00 price objective on the stock. Loop Capital upgraded shares of Tiffany & Co. from a hold rating to a buy rating and set a $113.00 price objective on the stock in a research report on Thursday. Cowen reiterated a buy rating and issued a $110.00 price objective on shares of Tiffany & Co. in a research report on Monday, March 19th. Finally, Wells Fargo reiterated a hold rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Tiffany & Co. currently has a consensus rating of Buy and an average price target of $107.47.
Shares of TIF stock traded down $2.54 during midday trading on Friday, reaching $95.58. 2,686,836 shares of the company were exchanged, compared to its average volume of 2,425,521. Tiffany & Co. has a 12 month low of $84.15 and a 12 month high of $111.44. The company has a market capitalization of $11,878.40, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.95 and a beta of 1.77. The company has a current ratio of 5.50, a quick ratio of 2.39 and a debt-to-equity ratio of 0.27.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.45 EPS. Tiffany & Co.’s revenue was up 8.5% on a year-over-year basis. equities research analysts predict that Tiffany & Co. will post 4.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Tiffany & Co.’s dividend payout ratio is currently 48.43%.
In other news, insider Andrew W. Hart sold 40,251 shares of Tiffany & Co. stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $109.22, for a total value of $4,396,214.22. Following the transaction, the insider now owns 22,369 shares of the company’s stock, valued at approximately $2,443,142.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Roger N. Farah acquired 10,000 shares of the stock in a transaction dated Tuesday, March 27th. The stock was acquired at an average cost of $97.66 per share, for a total transaction of $976,600.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 77,000 shares of company stock worth $7,437,830 and sold 139,636 shares worth $14,979,843. Insiders own 1.40% of the company’s stock.
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Tiffany & Co. Company Profile
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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