(TIF) Shares Gap Up on Better-Than-Expected Earnings

Looking At Tiffany's With Fresh Eyes Ahead Of Q4 Earnings

(NYSE:TIF) by 2.9% during the fourth quarter, Holdings Channel reports.

In related news, insider Andrew W. Hart sold 21,504 shares of the company's stock in a transaction that occurred on Wednesday, January 25th. Tiffany & Co.'s dividend payout ratio (DPR) is now 50.42%. However, it expects earnings to jump mid-single-digit-percentage over adjusted earnings of $3.75 per share reported in fiscal 2016. The shares were sold at an average price of $77.98, for a total value of $106,598.66. Evercore Wealth Management LLC now owns 10,925 shares of the company's stock valued at $662,000 after buying an additional 364 shares during the last quarter.

TIF noted that comparable store sales ("comps") were flat from past year. However it has meet the estimates 0 time and missed 5 times. Tiffany & Co.'s dividend payout ratio is presently 50.42%.

Signet stock opened higher but reversed to trade down 1.8% at 67.60.

Previously for the quarter ended on 7/2016, Tiffany & Co.

Net sales rose 1.3 per cent to $1.23-billion, the second straight rise in two years. The price to earnings growth is 3.27 and the price to sales ratio is 17.

Tiffany shares are up 0.5% to $90.43 at recent check. On next day when data was publically announced, the stock's closing price was $62.68 with 0.06% gain in its share price.

During last 5 trades the stock sticks nearly -1.17%.

Excluding items, the company earned $1.45 per share.

In our view, a recent management shake-up at Tiffany and the new, marked influence of a significant and well-established activist investor at the company makes for a potential meaningful, longer term positive catalyst for TIF and its shares. The current share price indicate that stock is -2.98% away from its one year high and is moving 59.76% ahead of its 52-week low. Jefferies Group LLC's target price suggests a potential upside of 13.36% from the company's previous close.

Tiffany also suffered a sudden disruption to its holiday sales because its flagship store in New York City abuts President Trump's Manhattan home and office headquarters. Revenue was $4 billion.

Analysts on average had expected a profit of $1.38 per share and revenue of $1.22-billion, according to Thomson Reuters I/B/E/S.

A current consensus EPS estimate for next quarter is at $0.69 and 3 month ago EPS forecast was $0.71.

EPS growth in next year is estimated to reach 5.79% while EPS growth estimate for this year is set at -3.60%. Past 5 years growth of Tiffany & Co. (NYSE:TIF), with 8 analysts believing it is a strong buy. (TIF)'s latest closing price was 22.38% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 7.82% and 1.10% compared with the 20 Day Moving Average. One year trading price range hit the peak level of $92.74 and touched the lowest level of $56.32.

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