|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||95.00 - 100.15|
|52 Week Range||84.15 - 111.44|
|PE Ratio (TTM)||32.94|
|Forward Dividend & Yield||2.00 (1.95%)|
|1y Target Est||N/A|
Tiffany (TIF) fell to the bottom of the S&P 500 on Friday, on its fourth-quarter earnings. Tiffany lost $5.20, or 5.1%, to $97.51, while the S&P 500 gained 9.43 points, or 0.60%, to 1586.05. The jeweler said it earned $1.67 a share on revenue of $1.33 billion, while analysts were looking for earnings of $1.63 a share on revenue of $1.32 billion. Comparable sales rose 3% in the quarter.
The results come as a surprise after Tiffany in January posted strong store sales for the holiday period and raised its full-year profit forecast. Tiffany, which has suffered several quarters of declining sales, has been taking a number of steps to diversify its sources of revenue by introducing cheaper silver jewelry as well as everyday home items to appeal to a wider customer base. Chief Executive Officer Alessandro Bogliolo said the investments were taking a toll on the company's earnings.
Tiffany (TIF) is slumping Thursday, on the heels of its fourth-quarter earnings. For the full year, it expects EPS of between $4.25 and $4.45, compared with the consensus EPS estimate for $4.42. It's a blow for Tiffany, which is down some 5% year-to-date, and underperformed the markets in the past year. However, Jefferies' Randal Konik is keeping the faith: He reiterated a Buy rating and $125 price target on the shares today, writing that Tiffany is taking the necessary steps to position itself for long-term accelerated growth, thanks to new leadership.
Tiffany's (TIF) solid top-line performance in the fiscal fourth quarter can be attributed to robust performance across all product categories.
A largely strong holiday season for Tiffany & Co. was overshadowed by a pessimistic outlook, sending shares down more than 5 percent at the opening bell Friday. Sales at established stores also sowed some ...
Among the companies with shares expected to trade actively in Friday's session are Broadcom, Nike, Johnson & Johnson, Netflix, Adbove Systems and Altice USA.
A pick-up in demand for high-end baubles in the Americas and Asia over the key holiday shopping period helped shake Tiffany out of its sales slump during the fourth quarter, but doubts over whether the ...
Tiffany & Co missed analysts' estimates with quarterly same-store sales numbers on Friday and forecast a full-year profit largely below expectations, as the upscale jeweler invests heavily to turn around ...
Tiffany & Co. (TIF) came out with fourth-quarter fiscal 2017 results, wherein earnings of $1.67 per share surpassed the Zacks Consensus Estimate of $1.63.
Tiffany & Co. is poised to shine again after the luxury jeweler posted sales growth worldwide and especially in the Americas, its largest region.
Tiffany & Co reported a 8.5 percent rise in quarterly sales on Friday, boosted by strong demand for its high-end silver and gold fashion jewelry during the holiday shopping season. The company's net earnings ...
Signet Jewelers (SIG) reported better-than-expected fiscal 4Q18 results on March 14. On a comparable basis—excluding the impact of one extra week and increased sales from the R2Net acquisition—Signet’s top line declined and was lower than analysts’ estimate. Lower transactions due to credit portfolio outsourcing and increased sales of low-margin products continue to hurt Signet’s margins.
Tiffany's (TIF) fiscal fourth-quarter results are likely to be driven by robust holiday season. Also, the company's omni-channel platform, store expansion programs and new design launches bode well.
Analysts at Credit Suisse, led by Michael Binetti, after Monday's market close initiated coverage on a plethora of apparel and retail names. Here's a summary of the bull and bear calls from the team of ...