Todays Report: Today, Tiffany & Co. (TIF) Announces Quarterly Earnings Results

Today, Tiffany & Co. (TIF) Announces Quarterly  Earnings Results

Tiffany & Co. (NYSE:TIF) posted its quarterly earnings data on Tuesday. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company earned $949.30 million during the quarter, compared to analysts’ expectations of $926.64 million. During the same period last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.

Tiffany & Co. (NYSE:TIF) opened at 78.14 on Tuesday. The company has a 50-day moving average price of $74.94 and a 200-day moving average price of $67.93. Tiffany & Co. has a one year low of $56.99 and a one year high of $81.89. The firm has a market cap of $9.76 billion, a PE ratio of 22.29 and a beta of 1.84.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Tuesday, December 20th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.31%. Tiffany & Co.’s payout ratio is currently 51.28%.

In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of the company’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 transaction, the senior vice president now owns 670 shares of the company’s stock, valued at $48,246.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TIF. Pacer Advisors Inc. increased its stake in shares of Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock valued at $124,000 after buying an additional 184 shares during the period. LPL Financial LLC purchased a new stake in shares of Tiffany & Co. during the third quarter valued at about $203,000. Dai Ichi Life Holdings Inc. purchased a new stake in shares of Tiffany & Co. during the third quarter valued at about $220,000. Thrivent Financial for Lutherans increased 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 during the period. Finally, Verition Fund Management LLC increased its stake in shares of Tiffany & Co. by 10.9% in the third quarter. Verition Fund Management LLC now owns 4,137 shares of the company’s stock valued at $300,000 after buying an additional 406 shares during the period. 87.59% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on TIF shares. Morgan Stanley reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Monday, August 15th. TheStreet raised Tiffany & Co. from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Zacks Investment Research cut Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, November 17th. Nomura set a $76.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Monday, August 29th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $76.00 price objective (up from $65.00) on shares of Tiffany & Co. in a research report on Sunday, August 28th. 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $78.95.

Tiffany & Co. Company Profile

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Todays Report: Today, Tiffany & Co. (TIF) Announces Quarterly Earnings Results

Today, Tiffany & Co. (TIF) Announces Quarterly  Earnings Results

Tiffany & Co. (NYSE:TIF) posted its quarterly earnings data on Tuesday. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company earned $949.30 million during the quarter, compared to analysts’ expectations of $926.64 million. During the same period last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.

Tiffany & Co. (NYSE:TIF) opened at 78.14 on Tuesday. The company has a 50-day moving average price of $74.94 and a 200-day moving average price of $67.93. Tiffany & Co. has a one year low of $56.99 and a one year high of $81.89. The firm has a market cap of $9.76 billion, a PE ratio of 22.29 and a beta of 1.84.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Tuesday, December 20th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.31%. Tiffany & Co.’s payout ratio is currently 51.28%.

In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of the company’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 transaction, the senior vice president now owns 670 shares of the company’s stock, valued at $48,246.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TIF. Pacer Advisors Inc. increased its stake in shares of Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock valued at $124,000 after buying an additional 184 shares during the period. LPL Financial LLC purchased a new stake in shares of Tiffany & Co. during the third quarter valued at about $203,000. Dai Ichi Life Holdings Inc. purchased a new stake in shares of Tiffany & Co. during the third quarter valued at about $220,000. Thrivent Financial for Lutherans increased 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 during the period. Finally, Verition Fund Management LLC increased its stake in shares of Tiffany & Co. by 10.9% in the third quarter. Verition Fund Management LLC now owns 4,137 shares of the company’s stock valued at $300,000 after buying an additional 406 shares during the period. 87.59% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on TIF shares. Morgan Stanley reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Monday, August 15th. TheStreet raised Tiffany & Co. from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Zacks Investment Research cut Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, November 17th. Nomura set a $76.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Monday, August 29th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $76.00 price objective (up from $65.00) on shares of Tiffany & Co. in a research report on Sunday, August 28th. 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $78.95.

Tiffany & Co. Company Profile

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