Q3 2018 EPS Estimates for Tiffany & Co. Reduced by Analyst (TIF)
Tiffany & Co. (NYSE:TIF) – Research analysts at Jefferies Group dropped their Q3 2018 earnings per share estimates for shares of Tiffany & Co. in a research note issued on Thursday. Jefferies Group analyst R. Konik now forecasts that the specialty retailer will post earnings of $0.78 per share for the quarter, down from their previous estimate of $0.83. Jefferies Group has a “Buy” rating and a $110.00 price target on the stock. Jefferies Group also issued estimates for Tiffany & Co.’s FY2018 earnings at $4.00 EPS.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The company had revenue of $960 million during the quarter, compared to analysts’ expectations of $930.19 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis.
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TIF has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) lowered their target price on shares of Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Bank of America Corporation restated a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub lowered shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Oppenheimer Holdings, Inc. set a $105.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a report on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $92.81.
Shares of Tiffany & Co. (TIF) traded down 0.52% during midday trading on Monday, hitting $87.82. The stock had a trading volume of 110,717 shares. The stock’s 50-day moving average price is $91.69 and its 200 day moving average price is $91.16. Tiffany & Co. has a 52 week low of $66.35 and a 52 week high of $97.29. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 23.85 and a beta of 1.92.
A number of hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Tiffany & Co. by 9.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,808 shares of the specialty retailer’s stock worth $1,030,000 after buying an additional 973 shares during the period. IFP Advisors Inc boosted its stake in Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after buying an additional 496 shares during the period. Strs Ohio boosted its stake in Tiffany & Co. by 23.5% in the first quarter. Strs Ohio now owns 14,309 shares of the specialty retailer’s stock worth $1,363,000 after buying an additional 2,727 shares during the period. Shell Asset Management Co. boosted its stake in Tiffany & Co. by 0.7% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the specialty retailer’s stock worth $827,000 after buying an additional 57 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Tiffany & Co. by 35.7% in the first quarter. Janney Montgomery Scott LLC now owns 6,506 shares of the specialty retailer’s stock worth $620,000 after buying an additional 1,711 shares during the period. Institutional investors own 79.70% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 54.35%.
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. 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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