Tiffany & Co.NYSE
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
Thu, Aug. 18, 9:16 AM
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