Dec. 5, 2013, 9:58 AM
Nov. 27, 2013, 7:47 AM
- Keybanc: "Gross margin opportunities both near and long term. Tiffany is our top pick this holiday season because it is one of the only names that we cover that has identifiable, high probability near-term gross margin expansion."
- Deutsche Bank: "What was most intriguing about today’s call was management’s positive comments about early green shoots in the top-line trends of the higher-margin Fashion jewelry product category. This, along with the potential that product costs will remain deflationary/tame and that price increases will continue to positively impact, provide a potential basis for continued operating margin expansion. That said... current valuation of ~24x this year’s EPS and ~21x that of next year, keeps us at HOLD."
- Credit Suisse: "Tiffany posted one of the strongest quarters for a company in our coverage universe year to date, with comps, margins, and EPS well ahead of expectations. Quality of the earnings upside was high, with favorable results in several key areas... We reiterate our Outperform rating and raise our target price to $94 from $89."
- Citi: "TIF executed on high quality EPS given better sales (+7%) and gross margins (+255bps), and we are particularly impressed with pricing and slight unit growth in Americas given fashion product. Also, wealthy customers are spending likely given a combination of better product, S&P500 (YTD +26.7%), housing wealth effects, focused marketing and strength in higher priced Atlas gold product."
- Stifel: "Normally we don’t like to focus too much on any quarter as an inflection point... But this TIF Q3 had a fair amount of inflection... TIF has many catalysts still working (comp momentum, gross margin improvement, new Design Director work coming, new members of senior management bringing some outside experiences/perspective)."
- Wells Fargo: "TIF’s Q3 earnings beat was impressive, and the brand seems to be resonating in most regions. While the company has good momentum, and the gross margin tailwind should continue for a couple of quarters, we believe the stock price reflects this as it is trading well above its luxury peers despite its significantly lower ROIC. Considering the valuation, we do not believe this leaves much room for error in Q4--and with the choppy U.S. business, Q4 is not a sure thing."
- Earlier: Tiffany's (TIF) blowout Q3.
Nov. 26, 2013, 9:19 AM
Nov. 26, 2013, 8:25 AM| Comment!
Nov. 26, 2013, 7:23 AM
- Tiffany (TIF) reports comparable-store sales in the U.S. rose 1% in Q3 to miss the consensus mark of 2%. Global comp store growth was 7% led by Asia.
- The company's gross margin rate increased 260 bps to 57.0% as product costs fell back and early price increases stuck.
- FY13 EPS is pegged by Tiffany at $3.65-$3.75, up from prior guidance of $3.50-$3.60 and above the consensus mark of $3.62. (PR)
- TIF +6.2% premarket.
Nov. 26, 2013, 7:03 AM
Nov. 26, 2013, 12:05 AM
Nov. 25, 2013, 5:30 PM
Nov. 21, 2013, 9:36 AM
Nov. 18, 2013, 3:45 PM
- The abrupt resignation of Tiffany (TIF -0.5%) CFO Patrick McGuiness last week isn't cause for major concern, advises several Wall Street firms.
- Both Citi and Stifel Nicolaus are out with comments indicating the action isn't related to any lurking financial issues at the luxury retailer.
- McGuiness will step down after Tiffany reports Q3 earnings on November 26.
Oct. 31, 2013, 12:58 PM| Comment!
Oct. 10, 2013, 7:54 AM| Comment!
Sep. 27, 2013, 11:06 AM
- Brean Capital initiates Signet Jewelers (SIG +1%) at Buy with a PT of $85.
- Analyst Eric Beder believes Signet is "poised to lever its dominant market positions in the United States and the United Kingdom in order to capture a greater piece of market share."
- The jeweler's bridal business and branded offerings will allow Signet to stand out from the pack of smaller competitors, Beder continues.
- Other jewelers are down on the day: TIF -0.6%, ZLC -1.8%
Sep. 10, 2013, 7:16 AM
Sep. 4, 2013, 1:59 PM
- Shares of Zales (ZLC +4.8%) continue to run after the jeweler's FQ4 beat. The stock is up 49.7% since the company announced results on Aug. 28.
- Diamond jewelers Blue Nile (NILE +3%), Tiffany (TIF +1.9%), and Signet (SIG +0.4%) are up on the day as well and are outperforming the broader S&P retail sector (+0.8%).
Aug. 28, 2013, 10:50 AM
- Retail traffic to U.S. stores has declined in 8 out of the last 10 weeks, according to data compiled from ShopperTrak.
- Though a few on-trend firms such as Michael Kors (KORS +0.1%) and Express (EXPR +8.5%) are still firing on all cylinders, and a heat wave in the Midwest has had an effect, the overall trend for the back-to-school season and holiday season looks weak.
- Analysts also think consumers are likely to pick up their reliance on deals as discretionary spending on housing and automobiles "crowds out" normal outlays.
- Related ETFs: XRT, RTH, PMR, RETL.
- Related stocks: APP, AEO, ANF, AZO, BBBY, BBY, BJ, CHS, COH, COST, DG, FDO, FL, GPS, HD, JCP, JNY, JWN, KSS, LTD, LULU, M, NDN, ODP, ORLY, PIR, RGS, RL, SKS, SPLS, TGT, TIF, TJX, UA, UNFI, URBN, VFC, WMT, WRC, ZLC.
TIF vs. ETF Alternatives
Other News & PR