Tiffany & Co. Forecasted to Earn FY2018 Earnings of $4.10 Per Share (TIF)
Tiffany & Co. (NYSE:TIF) – Investment analysts at KeyCorp increased their FY2018 earnings per share (EPS) estimates for shares of Tiffany & Co. in a research report issued to clients and investors on Wednesday. KeyCorp analyst E. Yruma now expects that the specialty retailer will earn $4.10 per share for the year, up from their prior estimate of $4.01. KeyCorp currently has a “Overweight” rating and a $115.00 price objective on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q4 2018 earnings at $1.64 EPS.
Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share 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 the consensus estimate of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS.
Shares of Tiffany & Co. (NYSE TIF) opened at $107.77 on Friday. The firm has a market capitalization of $13,428.17, a price-to-earnings ratio of 28.97, a PEG ratio of 2.45 and a beta of 1.93. 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 1 year low of $77.15 and a 1 year high of $110.17.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Tiffany & Co. by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after purchasing an additional 310,235 shares in the last quarter. Investec Asset Management LTD increased its holdings in Tiffany & Co. by 9.1% in the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after purchasing an additional 191,783 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Tiffany & Co. by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after purchasing an additional 411,487 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Tiffany & Co. by 22.9% in the 3rd quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock worth $136,776,000 after purchasing an additional 277,753 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in Tiffany & Co. by 300.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after purchasing an additional 991,802 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.
In other Tiffany & Co. news, Director Charles K. Marquis sold 4,717 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $107.84, for a total value of $508,681.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philippe Galtie sold 673 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $107.92, for a total value of $72,630.16. Following the completion of the transaction, the insider now directly owns 673 shares of the company’s stock, valued at approximately $72,630.16. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. Tiffany & Co.’s dividend payout ratio is currently 53.76%.
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Tiffany & Co. Company Profile
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.
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