Oppenheimer Holdings Analysts Increase Earnings Estimates for Tiffany & Co. (TIF)
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 13:41
Investment Partners Ltd. OH ADV purchased a new stake in Tiffany & Co. during the third quarter worth approximately $232,000. IFP Advisors Inc boosted its stake in Tiffany & Co.by 66.9% in the first quarter. Finally, Welch Group LLC boosted its stake in Tiffany & Co.by 0.6% in the first quarter. The company's revenue for the quarter was up.9% compared to the same quarter previous year. Fifth Third Bancorp increased its position in Tiffany & Co.by 6.0% in the first quarter. The stock has "Buy" rating by Vetr on Thursday, August 13.
Shares of Tiffany & Co. (TIF) stock price has gone down by -7.82% over the last 20 trading days, and its price is -11.79% below the 52-week high. 1,753,305 shares of the stock traded hands.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 5.06%, and has a solid year to date (YTD) performance of 9.82% which means the stock is constantly adding to its value from the previous fiscal year end price. Wells Fargo & Co restated an "underperform" rating and set a $71.00 price target (up previously from $65.00) on shares of Tiffany & Co.in a report on Tuesday, November 29th. The company was initiated on Thursday, September 10 by RBC Capital Markets. Tiffany & Co. also was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 8,025 put options on the stock. This is an increase of approximately 843% compared to the average daily volume of 851 put options. Equities analysts anticipate that Tiffany & Co. will post $3.96 earnings per share for the current year. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.39 by $0.06.
Tiffany & Co (NYSE:TIF)'s revenue estimates for the current quarter are $913.71 Million according to 15 number of analysts, for the current quarter the company has high revenue estimates of $933.8 Million in contradiction of low revenue estimates of $908 Million. Tiffany & Co. The firm's revenue was up.9% on a year-over-year basis. During the same period a year ago, the business earned $0.64 EPS.
Global net sales rose 1% to $900 million due to growth in Asia-Pacific and an increase in the wholesale sale of diamonds, and comparable store sales were 3% below the prior year. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The ex-dividend date of this dividend is Friday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.32%. Tiffany & Co.'s dividend payout ratio (DPR) is presently 50.42%.
TRADEMARK VIOLATION NOTICE: "Tiffany & Co".
A number of institutional investors have recently modified their holdings of the stock. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and global copyright law. (NYSE:TIF) gapped down before the market opened on Thursday after Telsey Advisory Group lowered their price target on the stock from $110.00 to $93.00. Sells 88,810 Shares of Tiffany & Co. Jefferies maintained the stock with "Buy" rating in Wednesday, April 5 report. The rating was maintained by Cowen & Co with "Outperform" on Tuesday, April 11.
Tiffany & Co. (NYSE:TIF) has risen 10.84% since January and is down -6.69% for the past week. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company's 50-day moving average price is $92.04 and its 200-day moving average price is $85.62.
While looking at the Stock's Performance, Tiffany & Co. now shows a Weekly Performance of -6.62%, where Monthly Performance is -8.4%, Quarterly performance is -5.76%, 6 Months performance is 10.77% and yearly performance percentage is 33.17%. The shares were sold at an average price of $93.44, for a total value of $2,085,113.60. Following the completion of the transaction, the insider now owns 3,325 shares in the company, valued at $311,220.
In related news, insider Andrew W. Hart sold 969 shares of the company's stock in a transaction dated Tuesday, March 28th. The disclosure for this sale can be found here. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.
Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations.