Tiffany & Co.NYSE
Tue, Nov. 29, 9:33 AM
- Shares of Tiffany (NYSE:TIF) opened up over 5% after the company topped Q3 earnings estimates, carving out a new 52-week high of $82.50 in the process.
- Execs acknowledged a negative impact from the retailer's flagship Manhattan store's close proximity to Trump Tower with its media and security throng, but also noted that the store accounts for less than 10% of global sales.
- "The company cannot provide any assurance that sales in that store will not be negatively affected by this activity in the fourth quarter or in any future period," warns Tiffany.
- Previously: Tiffany beats by $0.09, beats on revenue (Nov. 29)
- Previously: Tiffany higher post Q3 results (Nov. 29)
Tue, Nov. 29, 9:22 AM
Tue, Nov. 29, 6:51 AM
- Tiffany (NYSE:TIF) reports comparable-store sales declined 2% in Q3.
- Geographic revenue growth: Americas: $417M (-2%); Asia-Pacific: $247M (+4%); Japan: $150M (+13%); Europe: $104M (-10%); Other: $31M (+18%).
- Gross margin rate improved 80 bps to 61% due to lower product input costs, changes in product sales mix and price increases taken in the past year.
- SG&A expense rate expanded 120 bps to 44.7%.
- Operating margin slipped 40 bps to 16.3%.
- Inventory -1.9% to $2.3B.
- Store count +8 Y/Y to 313.
- FY2016 Guidance: Net sales: decline by a low single-digit percentage; Diluted EPS: decline by a mid-single-digit percentage; Free cash flow: at least $400M; Capex: $250M.
- TIF +3.24% premarket.
Tue, Nov. 29, 6:41 AM
Mon, Nov. 28, 5:30 PM
Thu, Nov. 17, 11:04 AM
Wed, Nov. 16, 8:12 AM
- Tiffany (NYSE:TIF) is on watch after Wells Fargo backs up its Underperform rating on the retailer.
- The investment firm makes the call despite some improving trends in the luxury sector.
- Shares of Tiffany broke to a 52-week high of $81.89 last week to stretch out valuation above their historic PE levels.
- SA contributor Conrad Schickedanz brought up an interesting point on Tiffany earlier this week. He noted that 10% of Tiffany's global sales are generated from its flagship New York City store situated right next door to Trump Tower. Take a wild guess which large building on 5th Avenue is nearly on lockdown due to a high level of security and press traffic.
Fri, Nov. 11, 2:39 PM
- Tiffany (TIF +0.8%) is upgraded to Outperform from Market Perform with a $90 price target, raised from $68, at Cowen, which believes the luxury market is coming back and TIF is well positioned and a trusted brand.
- Cowen says its enthusiasm is driven by expectations for TIF to achieve FY 2016 guidance and resume growth in 2017 on improved product and marketing execution, and sees potential for additional upside beyond its base case with a path to 20%-plus EPS growth next yea.t
- The firm thinks fundamentals, particularly improved momentum in comp store sales through a combination of traffic and unit improvements, will drive EPS upside at TIF.
Thu, Oct. 13, 3:51 PM
- Dividend strategies in general have done well this year, and dividend growth has outperformed since interest rates began their sharp rise in late summer.
- Evercore's Ahbra Banerji suggests even better returns by adding a screen for low payout ratios. Banerji and team tested large-caps, mid-caps, and small-caps, and found combining dividend yield, payout ratio, and growth outperformed simpler dividend strategies.
- His top picks using that troika: VF Corp (NYSE:VFC), with a 2.6% yield and 53.4% payout ratio; Tiffany (NYSE:TIF) 2.3% yield and 48.2% payout ratio; Marathon Petroleum (NYSE:MPC) 3.3% yield and 36.3% payout ratio; Phillips 66 (NYSE:PSX) 3% yield and 41.1% payout ratio; BB&T 3% and 42.7% payout ratio.
- ETFs: DVY, VIG, SDY, SCHD, NOBL, SDOG, ADX, DLN, DGRW, DHS, FDL, DTD, FVD, DVYL, PFM, SDYL, DGRO, JTD, LCEAX, RDVY, DIVC, REGL, LEAD, FDRR, FDVV
Thu, Sep. 29, 10:17 AM
- CLSA issues new ratings updates up and down the retail sector.
- Coach (COH +2%) earns a Buy rating due to sales momentum.
- Tiffany (TIF +0.8%) looks appealing with expectations set low.
- Ralph Lauren (RL +1.7%) lands at Buy with it seen as being in the early stages of a turnaround.
- Catching Outperform ratings are Signet (SIG +0.1%), Oxford Industries (OXM +0.9%), Kate Spade (KATE +1.2%), and G-III Apparel Group (GIII +1.2%).
- A lack of drivers at Michael Kors (KORS -0.6%) brings a Sell rating down from CLSA.
- The investment firm starts off coverage on Carter's (CRI -1.7%) with an Underperform rating and sets a price target of $95 on the retailer.
Fri, Sep. 16, 7:33 AM
Tue, Sep. 13, 6:59 AM
- Tiffany & Co. (NYSE:TIF) names Mark Erceg to the position of chief financial officer.
- He replaces Tiffany’s former chief financial officer who left the company in May to pursue a position at another firm.
- Erceg was a former CFO at Canadian Pacific Railway Limited and served a long stint at Procter & Gamble.
- Source: Press Release
Thu, Aug. 25, 9:16 AM
Thu, Aug. 25, 7:55 AM
- Tiffany (NYSE:TIF) reports net sales declined 6% in Q2 on a constant currency basis.
- Comparable-store sales fell 8% Y/Y.
- Geographic revenue growth: Americas: $434M (-9%); Asia-Pacific: $230M (-6%); Japan: $138M (+10%); Europe: $111M (-12%); Other: $18M (-3%).
- Gross margin rate improved 200 bps to 61.9%.
- SG&A expense rate rose 80 bps to 43.2%.
- Operating margin expanded 140 bps to 18.8%.
- Inventory -1.4% to $2.32B.
- Store count +7 Y/Y to 311.
- FY2016 Guidance: Net sales: decline by a low single-digit percentage; Diluted EPS: decline by a mid-single-digit percentage; Free cash flow: at least $400M; Capex: $260M.
- TIF +3.11% premarket.
Thu, Aug. 25, 6:47 AM
Wed, Aug. 24, 5:30 PM