Tiffany & Co. (NYSE:TIF) – Equities researchers at Oppenheimer Holdings cut their Q3 2017 earnings per share estimates for Tiffany & Co. in a report issued on Tuesday. Oppenheimer Holdings analyst B. Nagel now anticipates that the brokerage will post earnings of $0.62 per share for the quarter, down from their prior estimate of $0.66. Oppenheimer Holdings currently has a “Outperform” rating and a $87.00 target price on the stock. Oppenheimer Holdings also issued estimates for Tiffany & Co.’s Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $1.60 EPS and FY2019 earnings at $4.35 EPS.
Other equities analysts have also issued research reports about the stock. Jefferies Group lifted their price target on shares of Tiffany & Co. from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, November 14th. Morgan Stanley reiterated a “hold” rating on shares of Tiffany & Co. in a report on Monday, August 15th. Mizuho lifted their price target on shares of Tiffany & Co. from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Cowen and Company upgraded shares of Tiffany & Co. from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.00 to $90.00 in a report on Friday, November 11th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $75.50 price target on shares of Tiffany & Co. in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Tiffany & Co. presently has an average rating of “Buy” and an average target price of $79.45.
Tiffany & Co. (NYSE:TIF) traded down 1.48% during mid-day trading on Friday, hitting $78.01. 533,621 shares of the company were exchanged. The company’s 50-day moving average is $74.60 and its 200 day moving average is $67.79. The company has a market capitalization of $9.74 billion, a P/E ratio of 22.25 and a beta of 1.84. Tiffany & Co. has a 12-month low of $56.99 and a 12-month high of $81.89.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The business earned $932 million during the quarter, compared to analysts’ expectations of $931.37 million. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.27%. Tiffany & Co.’s payout ratio is 51.28%.
In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total value of $34,708.82. Following the transaction, the senior vice president now directly owns 670 shares in the company, valued at $48,246.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. boosted its position in Tiffany & Co. by 14.7% in the third quarter. D.A. Davidson & CO. now owns 5,848 shares of the company’s stock worth $422,000 after buying an additional 748 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Tiffany & Co. by 23.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,078,657 shares of the company’s stock worth $150,973,000 after buying an additional 389,151 shares during the last quarter. LPL Financial LLC bought a new position in Tiffany & Co. during the third quarter worth $203,000. Peloton Wealth Strategists bought a new position in Tiffany & Co. during the third quarter worth $1,162,000. Finally, Verition Fund Management LLC boosted its position in Tiffany & Co. by 10.9% in the third quarter. Verition Fund Management LLC now owns 4,137 shares of the company’s stock worth $300,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Tiffany & Co. Company Profile