Tiffany & Co. (TIF) Forecasted to Earn FY2018 Earnings of $4.00 Per Share

Tiffany & Co. (NYSE:TIF) – Equities research analysts at KeyCorp lifted their FY2018 earnings per share (EPS) estimates for shares of Tiffany & Co. in a report issued on Thursday. KeyCorp analyst E. Yruma now forecasts that the specialty retailer will post earnings per share of $4.00 for the year, up from their prior forecast of $3.94. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $1.69 EPS and FY2019 earnings at $4.34 EPS.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The business had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same period last year, the company earned $0.76 EPS. Tiffany & Co.’s revenue for the quarter was up 2.8% compared to the same quarter last year.

TIF has been the topic of several other reports. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Susquehanna Bancshares initiated coverage on Tiffany & Co. in a report on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price objective for the company. Royal Bank Of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, November 30th. Cowen set a $102.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a report on Tuesday, October 17th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $98.69.

Tiffany & Co. (NYSE:TIF) traded down $0.52 on Monday, reaching $95.02. The company had a trading volume of 870,157 shares, compared to its average volume of 1,675,360. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a fifty-two week low of $76.08 and a fifty-two week high of $98.64. The company has a market cap of $11,820.00, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.93.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Tiffany & Co. by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after purchasing an additional 310,235 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Tiffany & Co. by 2.7% in the second quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock valued at $388,715,000 after acquiring an additional 109,926 shares in the last quarter. Investec Asset Management LTD lifted its position in shares of Tiffany & Co. by 9.1% in the third quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock valued at $210,203,000 after acquiring an additional 191,783 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Tiffany & Co. by 22.4% in the third quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock valued at $206,259,000 after acquiring an additional 411,487 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Tiffany & Co. by 22.9% in the third quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock valued at $136,776,000 after acquiring an additional 277,753 shares in the last quarter. 81.04% of the stock is owned by institutional investors.

In other news, Director Robert S. Singer acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was bought at an average price of $88.13 per share, with a total value of $88,130.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francesco Trapani acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average cost of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, December 19th. Tiffany & Co.’s payout ratio is 53.62%.

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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.

Earnings History and Estimates for Tiffany & Co. (NYSE:TIF)

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