Oppenheimer Maintains an 'Outperform' on Tiffany & Co. (TIF); A Top Pick in Retail, But Too Far, Too Fast?
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Price: $131.46 --0%
Rating Summary:
5 Buy, 31 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
5 Buy, 31 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Oppenheimer maintains an 'Outperform' on Tiffany & Co. (NYSE: TIF) price target of $75.00.
Oppenheimer analyst said, "Tiffany has for some time ranked among our top picks within the Hardlines Retail sector. We continue to look favorably upon longer term prospects for TIF and its shares. TIF represents one of the few US retailers powered by a dominant brand that commands significant consumer mind share globally. Near term we are increasingly concerned that TIF shares are once again outpacing still softish fundamental trends at the chain. Holiday 2011 sales at TIF fell well short of expectations. Data suggest that top-line trends at TIF are unlikely to have improved meaningfully over the past several weeks. TIF will report Q4 (Jan.) results next Tues. (3/20). A still subdued outlook from management could represent a near-term negative catalyst for shares."
"Our Q4 EPS estimate of $1.38 compares with a Street figure of $1.41 and implied management guidance of $1.38-1.43. For FY12 we look for earnings of $3.70 vs. a current consensus estimate of $3.93."
For an analyst ratings summary and ratings history on Tiffany & Co. click here. For more ratings news on Tiffany & Co. click here.
Shares of Tiffany & Co. closed at $70.19 yesterday.
Oppenheimer analyst said, "Tiffany has for some time ranked among our top picks within the Hardlines Retail sector. We continue to look favorably upon longer term prospects for TIF and its shares. TIF represents one of the few US retailers powered by a dominant brand that commands significant consumer mind share globally. Near term we are increasingly concerned that TIF shares are once again outpacing still softish fundamental trends at the chain. Holiday 2011 sales at TIF fell well short of expectations. Data suggest that top-line trends at TIF are unlikely to have improved meaningfully over the past several weeks. TIF will report Q4 (Jan.) results next Tues. (3/20). A still subdued outlook from management could represent a near-term negative catalyst for shares."
"Our Q4 EPS estimate of $1.38 compares with a Street figure of $1.41 and implied management guidance of $1.38-1.43. For FY12 we look for earnings of $3.70 vs. a current consensus estimate of $3.93."
For an analyst ratings summary and ratings history on Tiffany & Co. click here. For more ratings news on Tiffany & Co. click here.
Shares of Tiffany & Co. closed at $70.19 yesterday.
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