Tiffany Reports Second Quarter Results: Full Year Earnings Outlook is Maintained
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Nomura Securities Raises Price Target on Tiffany & Co. (TIF) Following Better-Than-Expected 2Q
August 29, 2016 7:35 AM EDTNomura Securities reiterated a Buy rating on Tiffany & Co. (NYSE: TIF), and raised the price target to $76.00 (from $64.00), following the company's 2Q earnings report. TIF posted meaningfully better-than-expected GMs in 2Q for a third straight quarter of >200bp expansion. The beat allowed management... More
EPS Beat Improves Cowen's Confidence on Tiffany & Co. (TIF); Reiterates Market Perform
August 26, 2016 6:48 AM EDTCowen reiterated a Market Perform rating on Tiffany & Co. (NYSE: TIF), and raised the price target to $74.00 (from $68.00), following the company's 2Q earnings report. TIF reported a worldwide comp decline of -9% C/C, partly attributed to lower tourist spending. However, a $0.12 EPS beat... More
Mizuho Securities Raises Price Target on Tiffany & Co. (TIF) to $82 Following Solid 2Q Beat
August 25, 2016 4:18 PM EDTMizuho Securities reiterated a Buy rating on Tiffany & Co. (NYSE: TIF), and raised the price target to $82.00 (from $72.00), following the company's 2Q earnings report. TIF reported EPS of $0.84, above the consensus estimates of $0.62. The beat was driven by SG&A control and stabilization in select... More
Tiffany & Co. (TIF) Tops Q2 EPS by 12c; adj.-Comps Fell by More than Expected
August 25, 2016 6:41 AM EDTTiffany & Co. (NYSE: TIF) reported Q2 EPS of $0.84, $0.12 better than the analyst estimate of $0.72. Revenue for the quarter came in at $932 million versus the consensus estimate of $934.74 million.
Constant-currency comps fell 9.0 percent, versus a drop of 7.1 percent expected.
Net sales by region were as follows:
In the Americas, total sales of $434 million in the second quarter and $837 million in the first half were both 9% below last year, with declines of 9% and 10%, respectively, in comparable store sales. On a constant-exchange-rate basis, total sales and... More