Benzinga Breakdown: Tiffany's Q1 Earnings
What Does That Mean For The Company?
Tiffany & Co. (NYSE: TIF) lowered FY16 guidance, expecting mid-single-digit percentage declines in EPS year-over-year.
What Does That Mean For The Investor?
One ray of hope in the quarterly results was improved margins — 61.2 percent, up 2.72 percent from last year. The margin improvements come from effective changes in the sales mix as well as price increases.
There is some support out there for the idea of Tiffany & Co as a turnaround story. Tuesday, Nomura analysts remained optimistic that the company’s financial targets are obtainable. Nomura maintains a Buy rating and a $90 price target.
Within the first hour of Wednesday's regular trading session, Tiffany & Co. was down 1.75 percent at $62.73.
Latest Ratings for TIF
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2020 | Morgan Stanley | Maintains | Equal-Weight | |
| Sep 2020 | UBS | Maintains | Neutral | |
| Dec 2019 | Cowen & Co. | Downgrades | Outperform | Market Perform |
View More Analyst Ratings for TIF
View the Latest Analyst Ratings
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