Trade Report: Today: Tiffany & Co. (TIF) to Release Quarterly Earnings on Tuesday

Today: Tiffany & Co. (TIF) to Release Quarterly Earnings on Tuesday

Tiffany & Co. (NYSE:TIF) is set to post its quarterly earnings results before the market opens on Tuesday, November 29th. Analysts expect Tiffany & Co. to post earnings of $0.67 per share for the quarter.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, August 25th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The firm had revenue of $932 million for the quarter, compared to the consensus estimate of $931.37 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s 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.

Tiffany & Co. (NYSE:TIF) opened at 78.06 on Monday. The firm’s 50-day moving average price is $74.80 and its 200-day moving average price is $67.86. Tiffany & Co. has a 12 month low of $56.99 and a 12 month high of $81.89. The stock has a market cap of $9.75 billion, a P/E ratio of 22.26 and a beta of 1.84.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.31%. Tiffany & Co.’s dividend payout ratio (DPR) is 51.28%.

In other Tiffany & Co. 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 value of $34,708.82. Following the completion of the transaction, the senior vice president now directly owns 670 shares in the company, valued at approximately $48,246.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TIF. State Street Corp increased its position in shares of Tiffany & Co. by 7.4% in the second quarter. State Street Corp now owns 4,867,008 shares of the company’s stock valued at $295,150,000 after buying an additional 336,259 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $150,973,000 after buying an additional 389,151 shares during the period. Franklin Resources Inc. increased its position in shares of Tiffany & Co. by 12.7% in the second quarter. Franklin Resources Inc. now owns 2,055,464 shares of the company’s stock valued at $124,644,000 after buying an additional 231,445 shares during the period. BlackRock Fund Advisors increased its position in shares of Tiffany & Co. by 1.0% in the second quarter. BlackRock Fund Advisors now owns 1,758,827 shares of the company’s stock valued at $106,655,000 after buying an additional 17,004 shares during the period. Finally, BlackRock Group LTD increased its position in shares of Tiffany & Co. by 9.8% in the second quarter. BlackRock Group LTD now owns 1,261,292 shares of the company’s stock valued at $76,484,000 after buying an additional 112,792 shares during the period. Institutional investors own 86.44% of the company’s stock.

A number of analysts have issued reports on TIF shares. Mizuho set a $82.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Tuesday, September 13th. Jefferies Group reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 2nd. Nomura set a $76.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Monday, August 29th. Bank of America Corp. set a $75.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a report on Thursday, September 22nd. Finally, Guggenheim assumed coverage on Tiffany & Co. in a research report on Friday, September 30th. They set a “buy” rating and a $85.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $78.95.

About Tiffany & Co.

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