The business has a 50 day moving average of 69.29 and a 200 day moving average of 70.34 whilst the 52 week high shares of Tiffany & Co. have reached is 96.43 and the 52 week low is 59.73. The company has a market cap of $8.23 billion. The company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. Street analysts predicted the company to generate $910.15 million. Judging by the historical numbers, the company’s sales has considerably weakened as the revenue shows a decline of 7.4% y/y. For the full fiscal year, Tiffany expects EPS to decline in the mid-single-digit percentage range, while the FactSet consensus of $3.76 implies a 1.8% decline. Leigh Harlan, sold shares of TIF for $4,475. Following the completion of the transaction, the director now directly owns 112,260 shares in the company, valued at approximately $8,170,282.80. The stock has tumbled 16% year to date through Tuesday, while the S&P 500 has gained 1.6%. The stock’s institutional ownership stands at 76.80%. The disclosure for this sale can be found here.
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Other sales declined 30% to $22 million, and comparable store sales declined 21%, reflecting lower retail sales in the United Arab Emirates (“UAE”) and wholesale sales in other markets. Japan was the only bright spot for Tiffany in the quarter, with same-store sales rising 12 percent. Tiffany & Co. was founded in 1837 and is headquartered in New York, New York. Additionally, Tiffany, Inc has an RSI of 3.64 and beta of 2.01. The latest quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. Carnick & Kubik LLC purchased a new position in shares of Tiffany & Co. during the first quarter worth $249,000. Additionally, the stock has surged 12.46% since the beginning of 2016.
Several Insider Transactions has been reported to the SEC.
At the moment 26 analysts are watching Tiffany & Co. These holdings make up 85.95% of the company’s outstanding shares. They noted that the move was a valuation call.
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The shares slipped 3.7 percent to $61.50 at 7:30 a.m.in early trading in NY. Citigroup downgraded the shares of TIF in a report on March 15 to “Neutral” rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell. Thomson Reuters had a consensus analyst price target of $80.89 before the results were announced. The Company operates through its subsidiary companies. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. Tiffany & Co. (NASDAQ:TIF) has fallen 26.09% over the past 6 months and is downtrending.
