Tiffany has been struggling to lift sales, particularly in the Americas - its biggest market - as shoppers spend lesser on accessories and shift to cheaper, chic brands.
Tiffany & Co's higher-than-expected quarterly results suggested that the luxury retailer's push in to higher-margin fashion jewellery and affordable products was helping it win back customers.
Tiffany reported net earnings of $158 million or $1.26 a share for the fourth quarter. Cowen and Company restated an "outperform" rating and set a $91.00 target price on shares of Tiffany & Co.in a report on Tuesday, January 17th.
In the fourth quarter, Tiffany's net earnings were $157.8 million or $1.26 per share, compared with $163.2 million, or $1.28 per share in the prior year.
Sales in Japan, which rose 15 per cent to $185-million in the fourth quarter, were bolstered by the brand exposure Tiffany got through a popular television show a year ago, Kowalski said.
Earnings reaction history indicates that share price went up 20 times out of last 27 quarters. And today's earnings are helping Tiffany add to those gains.
The weekly performance is -1.78% for Tiffany & Co., while the monthly performance measure stands at 12.23%. (NYSE:TIF) opened at 89.13 on Wednesday. The share price is now 1.1 percent versus its SMA20, 7.82 percent versus its SMA50, and 22.38 percent versus its SMA200.
Previously for the quarter ended on 7/2016, Tiffany & Co.
On 1/25/2017 Andrew W Hart, Insider, sold 21,504 with an average share price of $80.13 per share and the total transaction amounting to $1,723,115.52. The price to earnings growth is 3.27 and the price to sales ratio is 17. The stock has relative volume of 1.04. FMR LLC now owns 2,446,337 shares of the company's stock worth $189,420,000 after buying an additional 299,036 shares during the last quarter. Following the transaction, the insider now directly owns 7,786 shares in the company, valued at $623,892.18. The company posted a positive surprise factor of 4.29% by 0.06. Analyst's mean target price for TIF is $84.95 while analysts mean recommendation is 2.50. Tiffany had already climbed 16 percent this year through Thursday. The location, a must-stop for many tourists and New Yorkers looking to spend, has been impeded by the security barricades around President Donald Trump's personal home, according to Tiffany.
Tiffany & Co. (NYSE:TIF) pays an annual dividend of $1.80 with a yield of 2.00% and an average dividend growth of 8.80% based on a 3 Year Average. Current quarter revenue movements show that, the company has set average revenue estimates of $1.22B covering forecast of 19 analysts.