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TIF

Tiffany

$78.14

0.08 (0.10%)

06:45
11/29/16
11/29
06:45
11/29/16
06:45

Tiffany CEO says 'encouraged' by early signs of improvement in sales trends

Frederic Cumenal, CEO, said, "We are encouraged by some early signs of improvement in sales trends, but we clearly need more positive data over time before this can be considered an inflection point. In this recent quarter, we saw a smaller sales decline in the U.S. from earlier this year, while Asia-Pacific results reflected strong growth in mainland China and a relatively smaller decline in Hong Kong. Our business in Japan performed well which we attribute to spending by domestic consumers, but we believe the strengthening of the yen has negatively impacted purchases by Chinese consumers. We also saw relative strength in UK sales, but a continuation of softness on the European continent." He added, "This year, we've added exciting new designs across our jewelry and watch categories and are pleased with initial customer response. As the global environment continues to reflect economic and other challenges that we believe are continuing to affect customer demand, it is more important than ever that we remain focused on strategies to deliver extraordinary products and experiences to our customers. Over the long-term, our objective is to enhance profitability and productivity through sales growth and prudent expense and inventory management, while further strengthening our competitive position among global luxury brands."

  • 29

    Nov

TIF Tiffany
$78.14

0.08 (0.10%)

11/11/16
11/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Equal Weight from Underweight at Barclays with analyst Kannan Venkateshwar saying ESPN is "de-risked" going into 2017 after management quantified the impact of the new NBA contract. 2. Aetna (AET) and Humana (HUM) were upgraded to Outperform from Neutral at Credit Suisse, while the firm upgraded WellCare (WCG) to Neutral from Underperform. 3. Anadarko (APC) and EOG Resources (EOG) were upgraded to Buy from Neutral at Guggenheim. 4. Tiffany (TIF) upgraded to Outperform from Market Perform at Cowen with analyst Oliver Chen saying he believes the luxury market is coming back and Tiffany is well positioned and a trusted brand. 5. Vornado (VNO) upgraded to Buy from Neutral at BofA/Merrill with analyst James Feldman saying he believes the decision to spin DC and partner with JBG will allow management to focus on the New York City platform and notes the Penn Plaza corridor is rapidly improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/16
JEFF
11/14/16
NO CHANGE
Target $100
JEFF
Buy
Tiffany price target raised to $100 from $85 at Jefferies
Jefferies analyst Randal Konik raised his price target for Tiffany to $100 saying the company has a strong positioning in a growing market. Fashion jewelry fundamentals are improving while tourism headwinds are abating, Konik tells investors in a research note. The analyst reiterates a Buy rating on the shares.
11/17/16
JEFF
11/17/16
NO CHANGE
Target $100
JEFF
Buy
Jefferies sees 'robust' traffic at Tiffany flagship store amid Trump protests
After spending three days monitoring Tiffany's 5th Avenue flagship store in Manhattan to gauge traffic patterns and any Trump Tower protest related issues, Jefferies analyst Randal Konik concluded the store's traffic "was robust, not weak." Street police activity was high but didn't inhibit entrance to the store, Konik tells investors in a research note titled "5th Ave Flagship Store Checks Over Three Days Show 'Huuuuge' Strength." He believes investors are concerned that protests surrounding Trump Tower and high security will disrupt Tiffany's 5th Avenue store business. Konik keeps a Buy rating on Tiffany with a $100 price target.
11/23/16
OPCO
11/23/16
NO CHANGE
Target $87
OPCO
Outperform
Tiffany price target raised to $87 from $80 at Oppenheimer
Oppenheimer analyst Brian Nagel raised his price target for Tiffany to $87 from $80 ahead of results. While the analyst is concerned that a still challenged sales backdrop and higher expenses could weigh on results, longer term he is increasingly optimistic that internal merchandising and marketing efforts have the potential to fuel improved results, particularly as macro pressures potentially subside. Nagel reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

ACN

Accenture

$121.52

-5.59 (-4.40%)

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GM

General Motors

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TWTR

Twitter

$17.85

0.0699 (0.39%)

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QQQ

PowerShares QQQ Trust

$140.74

1.38 (0.99%)

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PRTO

Proteon Therapeutics

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Breaking Hot Stocks news story on Proteon Therapeutics »

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XXII

22nd Century

$1.81

-0.005 (-0.28%)

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22nd Century receives guidance from FDA on Phase 3 clinical trials »

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PFIE

Profire Energy

$1.31

-0.01 (-0.76%)

09:57
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Conference/Events
Profire Energy management to meet with Maxim »

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  • 28

    Jun

WB

Weibo

$76.96

2.88 (3.89%)

, MOMO

Momo

$38.70

0.81 (2.14%)

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WB

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$76.96

2.88 (3.89%)

MOMO

Momo

$38.70

0.81 (2.14%)

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ORCL

Oracle

$50.76

4.43 (9.56%)

, SPLS

Staples

$8.66

-0.09 (-1.03%)

09:55
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ORCL

Oracle

$50.76

4.43 (9.56%)

SPLS

Staples

$8.66

-0.09 (-1.03%)

KMX

CarMax

$62.14

2.4001 (4.02%)

RL

Ralph Lauren

$72.50

1.59 (2.24%)

UA

Under Armour

$18.93

0.18 (0.96%)

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  • 26

    Jun

  • 28

    Jun

  • 29

    Jun

  • 30

    Jun

CBRL

Cracker Barrel

$162.44

-0.9 (-0.55%)

09:51
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Conference/Events
Cracker Barrel management to meet with Maxim »

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  • 29

    Jun

ATUS

Altice USA

09:51
06/22/17
06/22
09:51
06/22/17
09:51
Syndicate
Altice USA IPO indicated to open at $31 on 2.3M »

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  • 22

    Jun

ENOC

EnerNOC

$5.40

-0.05 (-0.92%)

09:50
06/22/17
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Hot Stocks
Breaking Hot Stocks news story on EnerNOC 

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SAFE

Safety, Income and Growth

09:49
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Syndicate
Breaking Syndicate news story on Safety, Income and Growth »

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  • 22

    Jun

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General news
Bloomberg Consumer Comfort Index Level data reported »

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SAFE

Safety, Income and Growth

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  • 22

    Jun

MSFT

Microsoft

$70.27

0.36 (0.51%)

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Initiation
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  • 20

    Jul

IBM

IBM

$154.97

1.18 (0.77%)

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WB

Weibo

$76.96

2.88 (3.89%)

09:45
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Breaking Hot Stocks news story on Weibo »

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09:45
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General news
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HAIN

Hain Celestial

$33.16

0.13 (0.39%)

09:43
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  • 22

    Jun

  • 27

    Jun

SAFE

Safety, Income and Growth

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Safety, Income and Growth indicated to open at $18.50, IPO priced at $20 »

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  • 22

    Jun

WB

Weibo

$76.96

2.88 (3.89%)

09:42
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