Tiffany & Co. (NYSE:TIF) – Equities research analysts at Oppenheimer decreased their FY2020 earnings per share estimates for shares of Tiffany & Co. in a research report issued to clients and investors on Thursday, December 5th, Zacks Investment Research reports. Oppenheimer analyst B. Nagel now forecasts that the specialty retailer will earn $4.41 per share for the year, down from their prior estimate of $4.69. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Tiffany & Co.’s Q4 2020 earnings at $1.61 EPS, Q1 2021 earnings at $1.06 EPS, Q2 2021 earnings at $1.16 EPS, Q3 2021 earnings at $0.71 EPS, Q4 2021 earnings at $1.69 EPS, FY2021 earnings at $4.63 EPS and FY2022 earnings at $5.00 EPS.
Several other research firms have also commented on TIF. Morgan Stanley boosted their price target on shares of Tiffany & Co. from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, November 26th. Jefferies Financial Group lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a report on Friday, November 8th. Credit Suisse Group lowered shares of Tiffany & Co. from an “outperform” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Friday, December 6th. Wells Fargo & Co boosted their price target on shares of Tiffany & Co. from $100.00 to $125.00 in a report on Wednesday, November 27th. Finally, Telsey Advisory Group lowered shares of Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price target for the company. in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Hold” and a consensus target price of $121.45.
Shares of NYSE:TIF traded up $0.17 during trading hours on Monday, hitting $133.65. The company’s stock had a trading volume of 1,163,428 shares, compared to its average volume of 2,080,569. Tiffany & Co. has a 52 week low of $78.16 and a 52 week high of $134.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.10 and a quick ratio of 1.17. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 2.61 and a beta of 1.65. The firm’s fifty day moving average price is $131.23 and its 200 day moving average price is $103.23.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). Tiffany & Co. had a net margin of 12.41% and a return on equity of 16.98%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 50.22%.
A number of large investors have recently added to or reduced their stakes in the business. Rational Advisors LLC boosted its holdings in shares of Tiffany & Co. by 3,657.1% in the 2nd quarter. Rational Advisors LLC now owns 263 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 256 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Tiffany & Co. by 312.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 417 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 316 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Tiffany & Co. in the 2nd quarter valued at $42,000. Quadrant Capital Group LLC boosted its holdings in shares of Tiffany & Co. by 538.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 460 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 388 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in shares of Tiffany & Co. in the 3rd quarter valued at $47,000. 96.16% of the stock is currently owned by institutional investors.
Tiffany & Co. Company Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.