Fri, Jul. 15, 10:10 AM
- Wells Fargo ticks off 20 S&P 500 stocks with the most upside potential vs. consensus, and the 20 with the most downside risk vs. consensus.
- The list is compiled by comparing the midpoint of Wells Fargo Securities valuation ranges to consensus fair value estimates, volatility adjusting the percentage difference, and ranking the resulting score.
- Upside: AEE, BEN, CCL, DVA, EIX, ES, EXC, FTR, HUM, INTC, JNJ, LNT, PEG, PNW, SCG, T, WEC, WU, XEL, XOM.
- Downside: ANTM, C, CI, COF, EQT, FOXA, FSLR, GS, KIM, LH, MON, MSI, MYL, NVDA, NWSA, SLG, TIF, TSO, UA, WLTW.
Tue, Jul. 5, 2:43 PM
- Full-price sales of luxury items have dropped sharply since the Brexit vote came in. Data-tracking firm Edited reports global luxury sell outs decreased 60% in the two weeks after the Brexit referendum, compared to the two-week period prior to the vote.
- The sector was already having a challenging year due a drop in Chinese tourism before the shock U.K. result.
- Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY).
Thu, May 26, 9:49 AM
Wed, May 25, 7:33 AM
- Tiffany (NYSE:TIF) reports net sales declined 7% in Q1 on a constant currency basis.
- Comparable-store sales fell 9% Y/Y.
- Geographic revenue growth: Americas: $403M (-9%); Asia-Pacific: $238M (-8%); Japan: $131M (+8%); Europe: $97M (-9%); Other: $22M (-30%).
- Gross margin rate improved 210 bps to 61.2%.
- SG&A expense rate grew 460 bps to 46.1%.
- Operating margin rate dropped 260 bps to 15.1%.
- Inventory -2% to $2.32B.
- Store count +10 Y/Y to 308.
- TIF -3.21% premarket.
Wed, May 25, 6:44 AM
Tue, May 24, 5:30 PM
Fri, May 13, 7:12 AM| Fri, May 13, 7:12 AM | 1 Comment
Fri, Mar. 18, 7:13 AM
- Tiffany (NYSE:TIF) reports net sales fell 2% in Q4 on a constant currency basis reflecting lower sales in the Americas and Asia-Pacific.
- Comparable-store sales declined 5% Y/Y.
- Geographic revenue growth: Americas: $604M (-8%); Asia-Pacific: $260M (-8%); Japan: $161M (+9%); Europe: $157M (-6%); Other: $31M (-6%).
- Gross margin rate expanded 220 bps to 63%.
- SG&A expense rate +440 bps to 41.5%.
- Operating margin rate declined 220 bps to 21.5%.
- Inventory -5.8% to $2.23B.
- Store count +12 Y/Y to 307.
- TIF +1.90% premarket.
Fri, Mar. 18, 6:46 AM
Thu, Mar. 17, 5:30 PM
Tue, Mar. 15, 1:22 PM
- Citi is the latest Wall Street firm to turn cautious on Tiffany (TIF -2.5%) with a cut to Neutral from Buy.
- Analyst Paul Lejuez says near-term earnings drivers are hard to spot. He expects full-year guidance to be "back-end weighted" when Tiffany reports results later this week. The FQ4 consensus estimates are $1.209B in revenue and EPS of $1.40.
- Citi's new price target on the jewelry seller is $78 (comfortably above today's trading level).
Thu, Feb. 18, 9:25 AM
Mon, Feb. 1, 10:55 AM
- Cowen and Company downgrades Tiffany (TIF +0.1%) to a Market Perform rating after having the stock set at Outperform.
- The investment firm cites the weak sales performance in Asia during the holiday period and sees only marginal EPS upside for 2016.
- Last week, SA contributor Collective Investment brought up another point of concern on Tiffany regarding Gen Z. "Well, there are concerns that Generation-Z, those born between the mid-1990s and 2010, are shying away from luxury items."
Thu, Jan. 28, 3:03 PM
- Swiss watchmakers are looking for new markets and introducing products at lower price points due to soft demand in Europe.
- Weak Chinese tourism, the strong Swiss franc, and competition at lower prices points from Apple Watch and other smartwatch introductions have put pressure on the high end.
- "We expect 2016 to be a very, very difficult year," warns HYT Chief Vincent Perriard.
- Related stocks: OTCPK:SWGAY, MOV, TIF, OTCPK:CFRUY, OTCPK:LVMHF, OTCPK:HESAF,
Thu, Jan. 21, 4:04 PM
- Tiffany (NYSE:TIF) announces a new $500M stock buyback program.
- The repurchase allowance will run for three years.
Tue, Jan. 19, 6:53 AM
- Tiffany (NYSE:TIF) reports sales fell 3% on a constant-currency basis during the holiday period.
- Sales in the Americas were down 5%, while sales fell 6% in the Asia-Pacific region on a constant-currency basis.
- Comparable-store sales decreased 5% for the two months.
- Tiffany expects net earnings to fall 10% in FY15 vs. -5% to -10% prior guidance.
Tiffany & Co. is a holding company, which through its subsidiaries engages in jewelry merchandise. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. It operates through five business segments: Americas, Asia-pacific,... More
Industry: Jewelry Stores
Country: United States
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