Nomura Securities Adjusts Estimates on Tiffany & Co. (TIF); Q4 Disappoints, But See Business Stabilizing
Tweet
Share
E-mailGet Alerts TIF Hot Sheet
Price: $131.46 --0%
Rating Summary:
4 Buy, 31 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 31 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Tiffany & Co. (NYSE: TIF) price target of $65.00.
Analyst, Paul Lejuez, said, "Although 4Q was disappointing, the company provided F12 guidance above consensus, including the expectation for an 8% comp increase. We believe business has stabilized somewhat relative to holiday, but it is early in the year, and top-line trends otherwise have deteriorated over recent quarters. In addition, guidance is heavily weighted to 4Q, adding risk to F12 estimates. We are increasing our F12E from $3.90 to $3.99. We are also introducing our F13E of $4.45. Much of this year’s earnings growth is likely to be dependent on how equity markets hold up by the time 4Q rolls around."
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 $73.27 yesterday.
Analyst, Paul Lejuez, said, "Although 4Q was disappointing, the company provided F12 guidance above consensus, including the expectation for an 8% comp increase. We believe business has stabilized somewhat relative to holiday, but it is early in the year, and top-line trends otherwise have deteriorated over recent quarters. In addition, guidance is heavily weighted to 4Q, adding risk to F12 estimates. We are increasing our F12E from $3.90 to $3.99. We are also introducing our F13E of $4.45. Much of this year’s earnings growth is likely to be dependent on how equity markets hold up by the time 4Q rolls around."
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 $73.27 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
