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tiffany & co shop & Co. (TIF) Forecasted to Post Q4 2018 Earnings of $1.54 Per Share

admin / December 17, 2017

tiffany & co shop & Co. (TIF) Forecasted to Post Q4 2018 Earnings of .54 Per Share-1

tiffany & co shop & Co. (NYSE:TIF) – Equities researchers at Jefferies Group decreased their Q4 2018 earnings per share estimates for shares of tiffany & co shop & Co. in a research note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst R. Konik now forecasts that the specialty retailer will post earnings per share of $1.54 for the quarter, down from their prior estimate of $1.57. Jefferies Group also issued estimates for tiffany & co shop & Co.’s FY2019 earnings at $4.55 EPS.

TIF has been the subject of several other research reports. Oppenheimer reaffirmed a “buy” rating on shares of tiffany & co shop & Co. in a research note on Wednesday, November 22nd. Zacks Investment Research lowered shares of tiffany & co shop & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Susquehanna Bancshares assumed coverage on shares of tiffany & co shop & Co. in a research note on Thursday, November 2nd. They set a “neutral” rating and a $100.00 target price for the company. Citigroup raised shares of tiffany & co shop & Co. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $92.00 to $115.00 in a research note on Thursday. Finally, Cowen set a $102.00 price objective on shares of tiffany & co shop & Co. and gave the company a “buy” rating in a research note on Thursday, November 30th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. tiffany & co shop & Co. presently has a consensus rating of “Buy” and an average target price of $100.38.

tiffany & co shop & Co. (NYSE:TIF) opened at $101.34 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The firm has a market cap of $11,943.06, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.24 and a beta of 1.93. tiffany & co shop & Co. has a 12 month low of $76.08 and a 12 month high of $101.88.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, December 19th. tiffany & co shop & Co.’s payout ratio is 53.76%.

In other news, Director Robert S. Singer purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was bought at an average price of $88.13 per share, for a total transaction of $88,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Francesco Trapani purchased 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average price of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of TIF. Aperio Group LLC lifted its stake in tiffany & co shop & Co. by 4.9% in the second quarter. Aperio Group LLC now owns 48,624 shares of the specialty retailer’s stock worth $4,564,000 after acquiring an additional 2,260 shares during the last quarter. US Bancorp DE lifted its stake in tiffany & co shop & Co. by 24.0% in the second quarter. US Bancorp DE now owns 10,895 shares of the specialty retailer’s stock worth $1,022,000 after acquiring an additional 2,106 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in tiffany & co shop & Co. by 12.6% in the second quarter. Russell Investments Group Ltd. now owns 98,715 shares of the specialty retailer’s stock worth $9,268,000 after acquiring an additional 11,037 shares during the last quarter. Parkwood LLC purchased a new position in tiffany & co shop & Co. in the second quarter worth approximately $326,000. Finally, Strs Ohio lifted its stake in tiffany & co shop & Co. by 53.5% in the second quarter. Strs Ohio now owns 21,971 shares of the specialty retailer’s stock worth $2,062,000 after acquiring an additional 7,662 shares during the last quarter. Institutional investors own 81.19% of the company’s stock.

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tiffany & co shop & Co. Company Profile

tiffany & co shop & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, tiffany & co shop 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 shop & CO.

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tiffany & co shop & Co. (TIF) Forecasted to Post Q4 2018 Earnings of .54 Per Share-2

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