On Apr 6, 2016, Andrew W. Hart (SENIOR VICE PRESIDENT) sold 1,930 shares at $71.77 per share price, according to the Form-4 filing with the securities and exchange commission. Following the completion of the transaction, the director now owns 8,269 shares in the company, valued at approximately $521,029.69. Analysts had a consensus of $0.72.
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Tiffany & Co., the luxury jewelry retailer, posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Tiffany’s sales at stores open for more than a year fell 8 per cent in the latest quarter, dropping for the seventh straight quarter.
The company, which makes the iconic “Tiffany Setting” diamond engagement ring, has been struggling to get back in the good books of wealthy American consumers, and woo hard-to-please millennials who are taking their business to cheaper and hipper shops.
The results surpassed Wall Street expectations.
Tiffany & Co. (NYSE:TIF)’s mean EPS estimate was $0.74 for the quarter ended on 10/2015, while it reported EPS of $0.70 on 11/24/2015 Before Market Open, missing the analysts’ consensus estimate by -0.04 with surprise factor of 5.41%.
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Net income inched up to $105.7 million, or 84 cents per share, from $104.9 million, or 81 cents per share. The company maintained its full year revenue and EPS forecast. On average, equities research analysts predict that Tiffany & Co. will post $3.63 earnings per share for the current fiscal year. Tiffany & Co. has a 12 month low of $56.99 and a 12 month high of $85.24. The firm earned $891 million during the quarter, compared to analyst estimates of $914.97 million. The company indicates a peak revenue level of 4.26B and 3.92B at bottom level. US Bancorp DE now owns 16,642 shares of the company’s stock worth $1,269,000 after buying an additional 2,385 shares in the last quarter. Royce & Associates LLC boosted its position in Tiffany & Co.by 37.0% in the fourth quarter. Mizuho reissued a “buy” rating and issued a $72.00 price target on shares of Tiffany & Co.in a research note on Tuesday. The company now has an average rating of “Hold” and a consensus price target of $80.52.
