Tiffany & Co. (NYSE:TIF) – Investment analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for Tiffany & Co. in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst R. Konik now anticipates that the specialty retailer will earn $4.07 per share for the year, up from their prior forecast of $4.00.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share.
TIF has been the subject of a number of other reports. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Wells Fargo & Co set a $96.00 price objective on shares of Tiffany & Co. and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Monday, November 27th. Susquehanna Bancshares began coverage on shares of Tiffany & Co. in a report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price objective for the company. Finally, Royal Bank of Canada boosted their price target on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $102.00.
Shares of Tiffany & Co. (NYSE TIF) traded up $2.26 during midday trading on Thursday, hitting $101.88. 1,769,143 shares of the stock were exchanged, compared to its average volume of 1,390,466. The firm has a market capitalization of $12,661.34, a PE ratio of 27.39, a P/E/G ratio of 2.14 and a beta of 1.80. Tiffany & Co. has a 52-week low of $80.48 and a 52-week high of $111.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Calton & Associates Inc. bought a new stake in shares of Tiffany & Co. in the fourth quarter valued at approximately $118,000. Denali Advisors LLC bought a new stake in shares of Tiffany & Co. in the fourth quarter valued at approximately $125,000. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. in the fourth quarter valued at approximately $130,000. QS Investors LLC raised its position in shares of Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 103 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Tiffany & Co. by 103.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 697 shares during the period. 81.33% of the stock is currently owned by institutional investors.
In other Tiffany & Co. news, SVP Philippe Galtie sold 24,758 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $109.79, for a total value of $2,718,180.82. Following the transaction, the senior vice president now directly owns 10,813 shares in the company, valued at $1,187,159.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew W. Hart sold 40,251 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $109.22, for a total transaction of $4,396,214.22. Following the completion of the transaction, the insider now owns 22,369 shares in the company, valued at $2,443,142.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,217 shares of company stock worth $10,076,469. Corporate insiders own 1.40% 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. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.