Q1 2018 Revenue Evaluation for Tiffany & Co. (TIF) Issued By William Blair

Q1 2018 Revenue Evaluation for Tiffany & Co. (TIF) Issued By William Blair

Tiffany & Co. (NYSE:TIF) – Equities researchers at William Blair issued their Q1 2018 earnings per share (EPS) estimates for shares of Tiffany & Co. in a research report issued to clients and investors on Monday. William Blair analyst D. Carden forecasts that the firm will post earnings per share of $0.74 for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Tiffany & Co.’s Q2 2018 earnings at $0.89 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $1.54 EPS, FY2018 earnings at $3.96 EPS and FY2019 earnings at $4.30 EPS.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Friday, March 17th. The company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Tiffany & Co. had a net margin of 11.33% and a return on equity of 15.97%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis.

A number of other equities research analysts have also weighed in on TIF. Oppenheimer Holdings Inc. lifted their price objective on shares of Tiffany & Co. from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Wednesday, November 23rd. Deutsche Bank AG reiterated a “hold” rating and set a $75.50 price objective on shares of Tiffany & Co. in a report on Wednesday, November 23rd. Zacks Investment Research lowered shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Thursday, November 24th. Mizuho set a $82.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Tuesday, November 29th. Finally, Cowen and Company set a $91.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.34.

Shares of Tiffany & Co. (NYSE:TIF) opened at 94.01 on Tuesday. The stock’s 50 day moving average is $86.52 and its 200-day moving average is $78.87. Tiffany & Co. has a 12-month low of $56.99 and a 12-month high of $95.00. The stock has a market cap of $11.70 billion, a PE ratio of 26.33 and a beta of 1.89.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, March 20th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.91%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 50.42%.

In related news, insider Andrew W. Hart sold 21,504 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $80.13, for a total transaction of $1,723,115.52. Following the completion of the transaction, the insider now owns 7,786 shares in the company, valued at approximately $623,892.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew W. Hart sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $77.98, for a total transaction of $106,598.66. Following the transaction, the insider now owns 4,654 shares of the company’s stock, valued at approximately $362,918.92. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TIF. Bank of Montreal Can increased its stake in Tiffany & Co. by 54.8% in the third quarter. Bank of Montreal Can now owns 56,710 shares of the company’s stock valued at $4,119,000 after buying an additional 20,082 shares in the last quarter. Wendell David Associates Inc. increased its stake in Tiffany & Co. by 1.3% in the third quarter. Wendell David Associates Inc. now owns 15,640 shares of the company’s stock valued at $1,136,000 after buying an additional 200 shares in the last quarter. BTIM Corp. bought a new stake in Tiffany & Co. during the third quarter valued at $3,795,000. Charter Trust Co. bought a new stake in Tiffany & Co. during the third quarter valued at $216,000. Finally, National Pension Service increased its stake in Tiffany & Co. by 9.3% in the third quarter. National Pension Service now owns 117,450 shares of the company’s stock valued at $8,530,000 after buying an additional 10,009 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.

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