• Thu, Jul. 13, 6:52 AM
    • Tiffany (NYSE:TIF) appointed Alessandro Bogliolo as Chief Executive Officer.
    • He is expected to assume the role by October 2, and upon joining the Company will also join the Board of Directors
    • Most recently, Mr. Bogliolo served as Chief Executive Officer of global apparel and accessories company Diesel SpA.
    • Press Release
    Thu, Jul. 13, 6:52 AM
  • Tue, Jun. 27, 7:05 AM
    • Tiffany (NYSE:TIF) lands on Bank of America Merrill Lynch's U.S. 1 List to become one of the firm's top picks from its Buy-rated group of stocks.
    • "A variety of factors point to a turnaround for Tiffany in 2017," advises BAML.
    • Improved comparable sales growth is expected out of Tiffany in the back half of the year, while the luxury goods seller's new CFO and reconstituted board are seen as positives for the long tem.
    • BAML keeps a price target of $110 on Tiffany to rep 19% upside potential.
    • Source: Bloomberg
    Tue, Jun. 27, 7:05 AM | 1 Comment
  • Thu, May 25, 9:19 AM
    • Tiffany (NYSE:TIF) declares $0.50/share quarterly dividend, 11.1% increase from prior dividend of $0.45.
    • Forward yield 2.35%
    • Payable July 10; for shareholders of record June 20; ex-div June 16.
    Thu, May 25, 9:19 AM | 3 Comments
  • Wed, May 24, 9:19 AM
    Wed, May 24, 9:19 AM
  • Wed, May 24, 6:53 AM
    • Tiffany (NYSE:TIF) reports comparable-store sales declined 3% in Q1.
    • Geographic revenue: Americas: $392M (-3%); Asia-Pacific: $257M (+8%); Japan: $128M (-2%); Europe: $94M (-3%); Other: $28M (+32%).
    • Gross margin rate improved 80 bps to 62% favorable product input costs and a shift in sales mix toward higher margin fashion jewelry products.
    • SG&A expense rate up 30 bps to 45.8%.
    • Operating margin grew 110 bps to 16.2%.
    • Inventory  fell 5.3% Y/Y to $2.2B.
    • Store count +2 Y/Y to 310.
    • FY2017 Guidance: Net sales: increase by a low single-digit percentage; Diluted EPS: increase by a high-single-digit percentage; Free cash flow: at least $450M; Capex: $250M.
    Wed, May 24, 6:53 AM | 2 Comments
  • Wed, May 24, 6:42 AM
    • Tiffany (NYSE:TIF): Q1 EPS of $0.74 beats by $0.04.
    • Revenue of $899.6M (+0.9% Y/Y) misses by $13.84M.
    • Press Release
    Wed, May 24, 6:42 AM
  • Tue, May 23, 5:30 PM
    Tue, May 23, 5:30 PM | 7 Comments
  • Fri, May 12, 8:15 AM
    • Goldman Sachs upgrades Tiffany (NYSE:TIF) to Buy from Neutral on a positive view of the company's positioning in luxury.
    • The investment firm thinks Tiffany will benefit as international tourist spending picks up and high-end U.S. consumer spending accelerates. Improvement in inventory turnover is also seen unlocking some free cash flow.
    • The new price target on Tiffany from GS is $107 to rep 15% upside potential.
    • TIF +1.08% premarket to $93.01.
    Fri, May 12, 8:15 AM
  • Thu, May 4, 10:31 AM
    • Sherwin-Williams (SHW +0.6%) is a top five long position of Jana Partners, according to Bloomberg. There was a volume spike on Sherwin-Williams after the report broke.
    • An April update from the activist hedge fund indicates stakes in Liberty Broadband (LBRDA, LBRDK), Tiffany (TIF -0.9%), Universal Health and Whole Foods Market (WFM -0.1%) as the other top five holdings. It's not clear yet if the Whole Foods position by Jana has been increased.
    Thu, May 4, 10:31 AM | 1 Comment
  • Tue, Apr. 4, 7:12 AM
    • Jefferies backs up its TIF)%3A+Notes+From+Management+Meeting+-+Jefferies/12740233.html" target="_blank">Buy rating on Tiffany (TIF) after meeting with management.
    • The firm cites the potential for margin improvement and the launch of the new HardWear line in late April as two reasons to stay constructive on the retailer.
    • Wells Fargo also thinks that the Lady Gaga line could perform well. "Notably, the company’s partnership with Lady Gaga… seems to have generated some excitement and could drive a solid response to the new 'HardWear' collection launching next month," notes WF.
    • Shares of Tiffany +0.24% premarket to $94.41 vs. a 52-week trading range of $56.99 to $97.29.
    Tue, Apr. 4, 7:12 AM | 2 Comments
  • Thu, Mar. 30, 1:04 PM
    • A video highlighting the huge markups on diamonds is starting to make the media rounds. The YouTube piece, produced by the founder of the I Want What It's Worth website, claims that high-end retailers are selling the identifical simple round cut solitaire diamonds as those found in Costco (COST +0.2%) - at significantly higher prices.
    • Tiffany (NYSE:TIF) +253% markup, Cartier (OTCPK:CFRUY) +276% markup, Van Cleef +314% markup and Harry Winston ([[SWGAY,OTCPK:SWGAF) +336% markup were the retailers examined in the video.
    • The development could be seen as positive for Blue Nile (NASDAQ:NILE) if it continues to draw attention.
    Thu, Mar. 30, 1:04 PM | 11 Comments
  • Mon, Mar. 20, 8:00 AM
    • The luxury goods retailer was raised to Outperform from Market Perform at William Blair.
    • The report said Tiffany's (NYSE:TIF) business has become more stable and that the stock may benefit from easier comparisons.
    • TIF +2.5% premarket
    Mon, Mar. 20, 8:00 AM | 1 Comment
  • Fri, Mar. 17, 7:34 AM
    • Tiffany (NYSE:TIF) reports better comparables sales in Europe, Asia Pacific and the Americas than expected for Q4. Total revenue was up 2% on a constant-currency basis.
    • Gross margin improved 110 bps to 64.1% of sales during the quarter as favorable product input costs factored in.
    • SG&A expenses were 6% higher in Q4 and were 41.5% of sales vs. 38.5% last year.
    • The company paid in effective tax rate of 36.0% vs. 34.4% a year ago.
    • Tiffaney ended the quarter with a merchandise inventory position down 3% Y/Y.
    • Looking ahead, Tiffany sees sales increasing at a low single-digit rate and EPS increasing by a high-single-digit pace vs. +3% consensus. Net cash of $700M and free cash flow of $450M are also expected.
    • Previously: Tiffany beats by $0.07, beats on revenue (March 17)
    • TIF +2.52% premarket to $92.25.
    Fri, Mar. 17, 7:34 AM
  • Fri, Mar. 17, 6:43 AM
    • Tiffany (NYSE:TIF): Q4 EPS of $1.45 beats by $0.07.
    • Revenue of $1.23B (+1.7% Y/Y) beats by $10M.
    • Shares +1.6% PM.
    • Press Release
    Fri, Mar. 17, 6:43 AM
  • Thu, Mar. 16, 5:30 PM
    Thu, Mar. 16, 5:30 PM | 10 Comments
  • Thu, Mar. 9, 8:00 AM
    • Shares of Tiffany (NYSE:TIF) are on watch after SBG Securities moves to a Sell rating after having the stock lined up at Hold.
    • The investment firm slides it price target on the jewelry seller to $90.
    • Tiffany is up 16% YTD and peaked in February at $92.74.
    Thu, Mar. 9, 8:00 AM