Tiffany & Co. (TIF) to Release Quarterly Earnings on Tuesday
Tiffany & Co. (NYSE:TIF) is set to issue its quarterly earnings data before the market opens on Tuesday, November 29th. Analysts expect the company to announce earnings of $0.67 per share for the quarter.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The company had revenue of $932 million for the quarter, compared to the consensus estimate of $931.37 million. During the same period last year, the company posted $0.86 EPS. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, analysts expect Tiffany & Co. to post $3.6 EPS for the current fiscal year and $3.9 EPS for the next fiscal year.
Shares of Tiffany & Co. (NYSE:TIF) opened at 78.06 on Monday. The stock has a 50 day moving average of $74.80 and a 200-day moving average of $67.86. The firm has a market capitalization of $9.75 billion, a P/E ratio of 22.26 and a beta of 1.84. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $81.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Tuesday, December 20th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.31%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 51.28%.
Several research firms recently commented on TIF. Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Bank of America Corp. set a $75.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research report on Thursday, September 22nd. Mizuho set a $82.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research report on Tuesday, September 13th. Citigroup Inc. increased their price objective on Tiffany & Co. from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, August 26th. Finally, Royal Bank Of Canada increased their price objective on Tiffany & Co. from $65.00 to $76.00 and gave the company a “sector perform” rating in a research report on Friday, August 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $78.95.
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In related news, SVP Philippe Galtie sold 482 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction of $34,708.82. Following the completion of the transaction, the senior vice president now owns 670 shares in the company, valued at approximately $48,246.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TIF. Pacer Advisors Inc. boosted its position in Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock worth $124,000 after buying an additional 184 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Tiffany & Co. during the third quarter valued at $203,000. Thrivent Financial for Lutherans boosted its stake in shares of Tiffany & Co. by 2.1% in the second quarter. Thrivent Financial for Lutherans now owns 3,360 shares of the company’s stock valued at $204,000 after buying an additional 70 shares in the last quarter. Dai Ichi Life Holdings Inc. purchased a new stake in shares of Tiffany & Co. during the third quarter valued at $220,000. Finally, Veritable L.P. boosted its stake in shares of Tiffany & Co. by 12.2% in the second quarter. Veritable L.P. now owns 4,180 shares of the company’s stock valued at $253,000 after buying an additional 453 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.
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. 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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