Barclays Q2 Review on Tiffany & Co. (TIF): Continues To Be Opportunity
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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
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Barclays maintains an 'Overweight' on Tiffany & Co. (NYSE: TIF) price target of $75.00.
Analyst, Robert S. Drbul, said, "Tiffany reported 2Q12 EPS of $0.72, below our estimate of $0.75. Worldwide constant currency comps were down (1)% in the quarter, in line with expectations, and up 21% on a two-year basis...We do note Tiffany faced difficult comps from 2Q11 including a 41% comp increase in both the NY flagship store and Asia Pacific."
Despite Drbul's cut in FY12 EPS estimate (from $3.70 to $3.60), he maintains FY13 EPS at $4.25, saying the company trades at a 25% discount to global luxury brand peers. As well, trends should improve with easier comps in the 2nd half of the year.
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 $62.71 yesterday.
Analyst, Robert S. Drbul, said, "Tiffany reported 2Q12 EPS of $0.72, below our estimate of $0.75. Worldwide constant currency comps were down (1)% in the quarter, in line with expectations, and up 21% on a two-year basis...We do note Tiffany faced difficult comps from 2Q11 including a 41% comp increase in both the NY flagship store and Asia Pacific."
Despite Drbul's cut in FY12 EPS estimate (from $3.70 to $3.60), he maintains FY13 EPS at $4.25, saying the company trades at a 25% discount to global luxury brand peers. As well, trends should improve with easier comps in the 2nd half of the year.
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 $62.71 yesterday.
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