86.50 +0.56 (0.65%)
After hours: 7:39PM EST
|Bid||0.00 x 2200|
|Ask||92.00 x 900|
|Day's Range||85.07 - 87.12|
|52 Week Range||83.44 - 141.64|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||24.03|
|Earnings Date||Nov 27, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||2.20 (2.56%)|
|1y Target Est||120.08|
Our call of the day is Tiffany & Co., after getting its price target cut by Cowen, although it's keeping its outperform rating on the luxury retailer. Shares have taken a hit this week after the company reported a disappointing quarter, hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong.
It looks like the recent turmoil on Wall Street isn't affecting the wealthy and their desire to own expensive jewelry. Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss.
At the investor day executives said they want to achieve a discipline operating model and focus on more profitable growth. Under Armour sees a low-single-digit revenue compund annual growth rate in North America for fiscal years 2020-2022, Briefing.com reported.
Disappointed investors did not hesitate to make their sentiments reflect on Tiffany (TIF)'s share price as this has fallen 30% in this quarter alone. After continually beating estimates in the past year, Tiffany flunked its recent quarter Wall Street revenue estimates by $40 million. Warning! GuruFocus has detected 3 Warning Sign with BRK.A. Click here to check it out.
Signet Jewelers (SIG) reported stronger-than-expected fiscal 2019 third-quarter earnings results. Cowen lowered its target price to $46 from $70. Meanwhile, RBC reduced its target price on SIG stock to $46 from $69.
Signet Jewelers’ (SIG) reported net sales of $1.19 billion came in ahead of analysts’ estimate of $1.16 billion and increased 3.0% on a YoY (year-over-year) basis. Signet’s net sales benefited from improved comps (1.6%) driven by clearance sales. Its double-digit e-commerce sales growth rate led by its James Allen acquisition further supported its net sales. However, store closures, unfavorable currency rates, and a shift in the timing of its promotions remained a drag.
Signet Jewelers (SIG) posted better-than-expected fiscal 2019 third-quarter earnings results on December 6 for the period that ended on November 3. Signet stock plunged 18.2% following its third-quarter earnings release, closing at $41. Management expects sales from James Allen to continue to slide in the coming quarters, which isn’t encouraging.
On December 6, Signet Jewelers (SIG) reported better-than-expected fiscal 2019 third-quarter results for the period that ended on November 3. Jewelers are facing intense competition in the low-end diamond market, which is taking a toll on pricing and margins. Tiffany’s top line fell short of analysts’ estimate.
The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.
BEIJING (AP) — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.
It wasn’t the size of the third-quarter revenue miss, or the magnitude of the comp sales miss -- it was the source of the weakness: China.
Inc., has upended the retail sector, leaving behind plenty of old-line, big-name stores. Inc. remains a standout in financial strength. The big-box heavyweight, which has strong same-store sales and a stock price that has more than doubled over five years, ranks in the top 1% for financial strength among the more than 750 companies evaluated by Drucker.
Analysts expect Signet Jewelers (SIG) to report a loss per share of $1.10 during the third quarter of fiscal 2019. All of the analysts covering Signet Jewelers stock maintained a “hold” rating. Analysts have a consensus target price of $65.25 per share on Signet, which indicates an upside of 25.9% based on its closing price of $51.84 on November 29.
Signet Jewelers (SIG) is expected to announce its results for the third quarter of fiscal 2019 on December 6. Analysts expect the company’s top and bottom-line results to remain weak and decline on a YoY (year-over-year) basis. Analysts expect Signet to report net sales of $1.2 billion, which reflects a marginal decline on a YoY basis.
Several analysts covering Tiffany (TIF) stock lowered their target price following the company’s unimpressive third-quarter results. The downward adjustments in Tiffany’s target price are as follows: Jefferies lowered its target price to $130 from $160. KeyBanc reduced it to $125 from $150. Cowen decreased the target price to $115 from $150. RBC lowered the target price to $105 from $132. Morgan Stanley lowered it to $96 from $126.
Tiffany reported adjusted earnings of $0.77 per share, which was in line with analysts’ estimate but declined 3.8% on a YoY basis. Tiffany’s planned investment in long-term growth measures adversely impacted the bottom line and more than offset the benefits from improvement in sales and higher gross margins. Tiffany’s third-quarter EPS gained from lower input costs and a decline in wholesale diamond sales.
Tiffany & Co. (NYSE: TIF ) shares fell roughly 12 percent Wednesday to their lowest level in roughly eight months. This dip follows the luxury retailer's report of in-line third-quarter EPS and a sales ...