Tiffany & Co. (NYSE:TIF) – Stock analysts at Oppenheimer decreased their FY2019 earnings per share (EPS) estimates for shares of Tiffany & Co. in a note issued to investors on Thursday, January 17th. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $4.75 for the year, down from their prior forecast of $4.80. Oppenheimer also issued estimates for Tiffany & Co.’s Q4 2019 earnings at $1.68 EPS.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS.
TIF has been the topic of a number of other research reports. Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a report on Friday. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Loop Capital set a $110.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, November 28th. ValuEngine lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Morgan Stanley cut their target price on shares of Tiffany & Co. from $126.00 to $96.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $120.95.
Shares of Tiffany & Co. stock opened at $89.82 on Friday. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.54 and a beta of 1.62. Tiffany & Co. has a 12-month low of $73.04 and a 12-month high of $141.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.84 and a current ratio of 5.86.
A number of hedge funds and other institutional investors have recently modified their holdings of TIF. AustralianSuper Pty Ltd purchased a new position in Tiffany & Co. during the 3rd quarter valued at about $154,764,000. Jennison Associates LLC purchased a new position in Tiffany & Co. during the 3rd quarter valued at about $150,778,000. Confluence Investment Management LLC purchased a new position in Tiffany & Co. during the 4th quarter valued at about $39,789,000. BlackRock Inc. lifted its position in Tiffany & Co. by 5.8% during the 3rd quarter. BlackRock Inc. now owns 8,900,821 shares of the specialty retailer’s stock valued at $1,147,940,000 after acquiring an additional 484,549 shares during the period. Finally, Capital Growth Management LP purchased a new position in Tiffany & Co. during the 3rd quarter valued at about $59,326,000. 79.89% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 10th. Investors of record on Thursday, December 20th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, December 19th. This represents a $2.20 dividend on an annualized basis and a yield of 2.45%. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.27%.
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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