The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.09.
(NYSE:TIF) news were published by: 247Wallst.com which released: "How Tiffany Blew Out Its Q1" on May 23, 2018, also Seekingalpha.com with their article: "Tiffany & Co: Overvalued Since 2018" published on May 22, 2018, Seekingalpha.com published: "Tiffany earnings preview" on May 22, 2018. (NYSE:TIF) offerings in the first part of the year, and that's led to the company delivering quarterly results to remember. The company's board has approved a share buyback program of up to $1.0 billion, he said. Given that these values may be fairly myopic, I have estimated an annualized five-year value for Tiffany's net income, which stands at US$408.86M This doesn't seem to paint a better picture, since earnings seem to have gradually been deteriorating over time. The stock was sold at an average price of $96.46, for a total value of $74,852.96. Bank of America Corporation set a $75.00 price objective on Tiffany & Co. and gave the stock a "buy" rating in a research report on Thursday, September 22nd. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Tiffany & Co.by 13.8% in the fourth quarter. (NYSE:TIF) hit a new 52-week high and has $124.03 target or 4.00% above today's $119.26 share price. The stock presently has an average rating of "Buy" and a consensus target price of $108.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Demand was strong for Tiffany & Co.
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The figure of more than 100 closures includes 21 that have already shut and 14 stores newly identified for closure. Some closures are occurring to coincide with the opening of nearby M&S food stores, the retailer noted.
Gulf International Bank UK Ltd decreased its position in Tiffany & Co. The stock has "Sell" rating by Deutsche Bank on Wednesday, September 7. Following the completion of the sale, the insider now directly owns 9,695 shares of the company's stock, valued at $935,179.70. Shares have gained 10% in the last 12 months, while the S&P 500 has gained 14%. (TIF) plunged -0.97%, amounting to a loss of -$1 per share, to finish the regular trading session at $102.24 on Tuesday 05/22/2018. About 5.02 million shares traded or 208.35% up from the average. Tiffany & Co. has a fifty-two week low of $84.15 and a fifty-two week high of $111.44. Institutional investors own 87.60% of the company's stock.
Tiffany now expects earnings per share of $4.50 to $4.70 for the year ending January 2019, compared with the prior forecast of $4.25 to $4.45 per share. The disclosure for this purchase can be found here.
Tiffany & Co., through its subsidiaries, designs, makes, and retails jewelry and other items worldwide. The Company's jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry. A decline in the wholesale of diamonds also weighed a bit on net sales.