Tiffany & Co. (NYSE:TIF) – Equities research analysts at William Blair dropped their FY2020 earnings estimates for Tiffany & Co. in a research report issued on Thursday, December 26th, Zacks Investment Research reports. William Blair analyst D. Carden now forecasts that the specialty retailer will post earnings of $4.49 per share for the year, down from their prior estimate of $4.86. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Tiffany & Co.’s Q4 2020 earnings at $1.69 EPS, Q1 2021 earnings at $1.09 EPS, Q2 2021 earnings at $1.08 EPS, Q4 2021 earnings at $1.69 EPS and FY2021 earnings at $4.55 EPS.
A number of other equities analysts have also commented on TIF. Wells Fargo & Co lifted their price target on shares of Tiffany & Co. from $100.00 to $125.00 in a report on Wednesday, November 27th. HSBC lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Evercore ISI lowered shares of Tiffany & Co. to an “outperform” rating in a report on Monday, November 25th. Credit Suisse Group downgraded shares of Tiffany & Co. from an “outperform” rating to a “neutral” rating and set a $135.00 target price for the company. in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their target price on shares of Tiffany & Co. from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $121.45.
Shares of NYSE:TIF traded up $0.04 during mid-day trading on Monday, reaching $134.29. 1,828,962 shares of the company’s stock were exchanged, compared to its average volume of 1,549,319. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 2.62 and a beta of 1.64. The business’s fifty day moving average price is $133.72 and its 200-day moving average price is $107.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 4.10. Tiffany & Co. has a twelve month low of $78.60 and a twelve month high of $134.29.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.04 billion. Tiffany & Co. had a return on equity of 16.98% and a net margin of 12.41%. Tiffany & Co.’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in Tiffany & Co. by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 107,356 shares of the specialty retailer’s stock valued at $9,946,000 after purchasing an additional 3,528 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Tiffany & Co. by 5.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,086,887 shares of the specialty retailer’s stock valued at $382,696,000 after purchasing an additional 214,139 shares in the last quarter. Perennial Advisors LLC increased its stake in Tiffany & Co. by 5.4% in the third quarter. Perennial Advisors LLC now owns 16,928 shares of the specialty retailer’s stock valued at $1,568,000 after purchasing an additional 869 shares in the last quarter. Alberta Investment Management Corp increased its stake in Tiffany & Co. by 22.8% in the second quarter. Alberta Investment Management Corp now owns 92,700 shares of the specialty retailer’s stock valued at $8,680,000 after purchasing an additional 17,200 shares in the last quarter. Finally, Griffin Asset Management Inc. increased its stake in Tiffany & Co. by 278.9% in the third quarter. Griffin Asset Management Inc. now owns 37,075 shares of the specialty retailer’s stock valued at $3,434,000 after purchasing an additional 27,290 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is currently 50.22%.
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.