Tiffany & Co. (NYSE:TIF) – Analysts at KeyCorp reduced their Q1 2019 EPS estimates for Tiffany & Co. in a research report issued to clients and investors on Wednesday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.78. KeyCorp has a “Overweight” rating and a $115.00 price objective on the stock. KeyCorp also issued estimates for Tiffany & Co.’s Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.80 EPS, Q4 2019 earnings at $1.65 EPS and FY2019 earnings at $4.11 EPS.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. During the same period last year, the company earned $0.76 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis.
Tiffany & Co. (NYSE TIF) traded down $0.28 during midday trading on Monday, reaching $107.77. The company had a trading volume of 2,535,600 shares, compared to its average volume of 1,902,138. Tiffany & Co. has a 52 week low of $77.15 and a 52 week high of $110.17. The company has a market cap of $13,560.00, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.45 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.86%. Tiffany & Co.’s dividend payout ratio is currently 53.62%.
In other Tiffany & Co. news, insider Philippe Galtie sold 673 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $107.92, for a total transaction of $72,630.16. Following the completion of the sale, the insider now directly owns 673 shares in the company, valued at approximately $72,630.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles K. Marquis sold 4,717 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $107.84, for a total value of $508,681.28. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Tiffany & Co. by 5.1% during the 2nd quarter. Wells Fargo & Company MN now owns 207,528 shares of the specialty retailer’s stock valued at $19,481,000 after buying an additional 10,018 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Tiffany & Co. by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,126 shares of the specialty retailer’s stock valued at $38,038,000 after buying an additional 5,047 shares in the last quarter. Amalgamated Bank lifted its position in shares of Tiffany & Co. by 58.5% during the 2nd quarter. Amalgamated Bank now owns 12,124 shares of the specialty retailer’s stock valued at $1,138,000 after buying an additional 4,477 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Tiffany & Co. by 23.0% during the 2nd quarter. Profund Advisors LLC now owns 3,878 shares of the specialty retailer’s stock valued at $364,000 after buying an additional 724 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Tiffany & Co. by 3.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,050 shares of the specialty retailer’s stock valued at $380,000 after buying an additional 120 shares in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
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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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