Tiffany & Co. (NYSE:TIF) – Stock analysts at William Blair upped their Q4 2018 earnings estimates for Tiffany & Co. in a report issued on Wednesday. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings per share of $1.64 for the quarter, up from their prior forecast of $1.49.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The firm had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis.
Shares of Tiffany & Co. (TIF) traded down $0.28 during trading on Friday, reaching $107.77. 2,529,676 shares of the company’s stock were exchanged, compared to its average volume of 1,500,000. Tiffany & Co. has a 1 year low of $77.15 and a 1 year high of $110.17. 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 firm has a market capitalization of $13,390.00, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.51 and a beta of 1.93.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 53.62%.
A number of hedge funds and other institutional investors have recently made changes to their positions in TIF. QS Investors LLC raised its stake in Tiffany & Co. by 8.2% during the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares during the last quarter. Sawyer & Company Inc bought a new position in Tiffany & Co. during the fourth quarter worth $130,000. ING Groep NV bought a new position in Tiffany & Co. during the third quarter worth $213,000. Breton Hill Capital Ltd. bought a new position in Tiffany & Co. during the third quarter worth $226,000. Finally, Caxton Associates LP bought a new position in Tiffany & Co. during the second quarter worth $235,000. 81.13% of the stock is owned by institutional investors and hedge funds.
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About Tiffany & Co.
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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