In terms of earnings per share, 20 analysts have a 1.39 EPS mean target for the quarter ending Jan-17, for the quarter ending Apr-18, 10 analysts have a 0.81 EPS mean target and for the quarter ending Apr-18 there are 20 estimates of 3.66 EPS. Tiffany & Co. has $110 highest and $66 lowest target.
Hedge funds have recently added to or reduced their stakes in the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Welch Group LLC now owns 1,549 shares of the specialty retailer's stock valued at $145,000 after buying an additional 8 shares in the last quarter. Delphi Private Advisors LLC grew its position in Tiffany & Co.by 100.0% during the second quarter. Credit Suisse Group AG reiterated a "buy" rating on shares of Tiffany & Co.in a research report on Friday, April 14th. Bank of America maintained the shares of TIF in report on Thursday, May 11 with "Buy" rating. (NYSE:TIF) traded up $0.75 during mid-day trading on Wednesday, reaching $94.04. Sei Investments Co. now owns 14,390 shares of the specialty retailer's stock worth $1,351,000 after buying an additional 9,822 shares in the last quarter.
In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the company's stock in a transaction on Wednesday, September 13th. Tiffany & Co. The firm's quarterly revenue was up 2.8% compared to the same quarter previous year. Tiffany & Co. has a consensus rating of Buy and an average price target of $96.38. Following the completion of the sale, the insider now directly owns 47,261 shares in the company, valued at $4,419,848.72.
Price-conscious shoppers today, in particular millennials, have drifted toward stores and online sites of newer members of the industry like Pandora from Denmark and Blue Nile an online jeweler, which sell sterling silver ware, starting at $35, have placed strong competitive pressure on Tiffany. The shares were purchased at an average price of $89.34 per share, with a total value of $2,233,500.00. Finally, Aviva PLC boosted its position in shares of Tiffany & Co.by 6.6% in the fourth quarter. Wetherby Asset Management Inc. acquired a new stake in Tiffany & Co. during the second quarter worth about $201,000. (NYSE:TIF) last released its quarterly earnings data on Wednesday, November 29th. Also, Director Francesco Trapani acquired 25,000 shares of the company's stock in a transaction dated Tuesday, September 26th. The disclosure for this purchase can be found here.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a yield of 2.13%. Below, we will take a look at the pre-earnings sentiment surrounding Tiffany & Co stock both in and out of the options pits. "(TIF)" was first posted by The Lincolnian Online and is the property of of The Lincolnian Online.
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The upscale NY based jeweler in response has refreshed its fashion jewelry lineup to include less expensive items, hired Reed Krakoff the former creative chief at Tapestry to be part of its executive team and unveiled new designs in its high-end line such as Tiffany Hardware and Tiffany T collections that feature pieces like an 18k rose gold link bracelet for $12,000.
The gains during the quarter were driven largely by sales in the Americas and Asia-Pacific - which rose 1 and 15 per cent respectively. An unwinding of some of the hedges related to these bets could create tailwinds for TIF. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.