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TIF

Tiffany

$94.04

0.75 (0.80%)

06:44
11/29/17
11/29
06:44
11/29/17
06:44

Tiffany sees FY17 EPS growth in high-single-digits, consensus $3.97

Sees FY17 revenue growth in low-single-digits, consensus $4.08B. Management's outlook for fiscal 2017 calls for: (i) worldwide net sales increasing over the prior year by a low-single-digit percentage as reported and on a constant-exchange-rate basis and (ii) net earnings per diluted share increasing by a high-single-digit percentage over 2016's earnings per diluted share of $3.55 and by a mid-single-digit-percentage over 2016's earnings per diluted share (excluding charges) of $3.75. These expectations are approximations and are based on the Company's plans and assumptions for the full year, including: (i) worldwide gross retail square footage increasing 2%, net through nine store openings, seven relocations and seven closings; (ii) operating margin above the prior year as reported (and in line with the prior year when excluding prior year charges, with gross margin unchanged from the prior year; (iii) interest and other expenses, net of $35-$37 million; (iv) an effective income tax rate of approximately 33%; (v) no meaningful effect in fiscal 2017 from the U.S. dollar versus foreign currencies on a year-over-year basis; and (vi) minimal benefit to net earnings per diluted share from share repurchases. Management also expects for fiscal 2017: (i) net cash provided by operating activities of approximately $700 million and (ii) free cash flow of approximately $450 million. These expectations are approximations and are based on the Company's plans and assumptions, including: (i) net inventories increasing at approximately the same rate as sales growth, (ii) capital expenditures of $235-$250 million and (iii) net earnings in line with management's expectations, as described above.

  • 29

    Nov

TIF Tiffany
$94.04

0.75 (0.80%)

09/22/17
09/22/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Versartis (VSAR) was downgraded to Hold from Buy at SunTrust, to Underweight from Overweight at Barclays, to Neutral from Overweight at Piper Jaffray, and to Market Perform from Outperform at Cowen. 2. Tiffany (TIF) downgraded to Neutral from Buy at Goldman Sachs with analyst Lindsay Drucker Mann saying the company's high-end categories, including engagement, wedding and solitaire jewelry, decelerated in the last two quarters. 3. Airbus (EADSY) downgraded to Hold from Buy at Jefferies with analyst Sandy Morris saying the company's EBIT in fiscal 2018 and fiscal 2019 could track significantly below consensus expectations. 4. Alcoa (AA) downgraded to Hold from Buy at Berenberg with analyst Yuriy Vlasov saying Alcoa shares are up 43% over the past six months and recommends taking profits. 5. U.S. Steel (X) was downgraded to Underperform from Market Perform while ArcelorMittal (MT) was downgraded to Market Perform from Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/17
HSBC
10/02/17
UPGRADE
HSBC
Buy
Tiffany upgraded to Buy from Hold at HSBC
HSBC analyst Erwan Rambourg upgraded Tiffany to Buy telling investors the jewellery category is very "buoyant" and the new CEO and management is poised to execute on strategy. The analyst does not think the "reboot" will be that disruptive and does not see many store closures or product destruction involved. Additionally, FX is positive, unlike other luxury stocks, and the brand will lap be lapping negative comps from last year.
11/02/17
SUSQ
11/02/17
INITIATION
Target $100
SUSQ
Neutral
Tiffany initiated with a Neutral at Susquehanna
Susquehanna analyst Bill Dreher initiated Tiffany with a Neutral rating and $100 price target as the company is in a transition period with a new CEO beginning in October. The analyst noted the company has had several quarters of comparable store sales decline and investors will be waiting to hear the new management strategy before getting involved.
11/02/17
11/02/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tabula Rasa HealthCare (TRHC) initiated with an Overweight at First Analysis. 2. HollyFrontier (HFC) reinstated with an Overweight at Barclays. 3. Medidata (MDSO) initiated with a Neutral at Dougherty. 4. Tiffany (TIF) and Signet Jewelers (SIG) were initiated with a Neutral at Susquehanna, while Tapestry (TPR) and Michael Kors (KORS) were initiated with a Positive. 5. Prometic Life Sciences (PFSCF) initiated with an Overweight at Cantor Fitzgerald. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

OIS

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BT

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CERN

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$70.36

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CACC

Credit Acceptance

$326.25

3.97 (1.23%)

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CSGP

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-2.67 (-0.92%)

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ROG

Rogers Corporation

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$158.89

1.7 (1.08%)

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HDP

Hortonworks

$19.76

0.18 (0.92%)

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CACC

Credit Acceptance

$326.25

3.97 (1.23%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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RL

Ralph Lauren

$96.15

-3.99 (-3.98%)

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TGT

Target

$61.58

0.555 (0.91%)

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TMUS

T-Mobile

$63.48

0.41 (0.65%)

, T

AT&T

$37.75

-0.35 (-0.92%)

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TMUS

T-Mobile

$63.48

0.41 (0.65%)

T

AT&T

$37.75

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ROKU

Roku

$46.95

-1.03 (-2.15%)

CMCSA

Comcast

$39.51

1.07 (2.78%)

CMCSK

Comcast

CHTR

Charter

$329.99

-1.5 (-0.45%)

VZ

Verizon

$52.82

-0.375 (-0.71%)

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LITE

Lumentum

$51.75

-1.75 (-3.27%)

, FNSR

Finisar

$19.30

-0.51 (-2.57%)

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LITE

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FNSR

Finisar

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AAPL

Apple

$171.70

-0.97 (-0.56%)

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NFLX

Netflix

$185.73

-0.49 (-0.26%)

11:09
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TGT

Target

$61.64

0.62 (1.02%)

11:06
12/13/17
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Technical Analysis
Technical View: Target spikes after acquiring Shipt for $550M »

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TGT

Target

$61.70

0.68 (1.11%)

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TGT

Target

$61.69

0.67 (1.10%)

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Breaking Hot Stocks news story on Target »

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TGT

Target

$61.72

0.71 (1.16%)

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AYI

Acuity Brands

$165.44

-8.79 (-5.05%)

10:59
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  • 05

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