Mizuho Securities Raises Price Target on Tiffany & Co. (TIF) to $82 Following Solid 2Q Beat

Nomura Securities Raises Price Target on Tiffany & Co. (TIF) Following Better-Than-Expected 2Q

August 29, 2016 7:35 AM EDT

Nomura Securities reiterated a Buy rating on Tiffany & Co. (NYSE: TIF), and raised the price target to $76.00 (from $64.00), following the company's 2Q earnings report. TIF posted meaningfully better-than-expected GMs in 2Q for a third straight quarter of >200bp expansion. The beat allowed management... More

EPS Beat Improves Cowen's Confidence on Tiffany & Co. (TIF); Reiterates Market Perform

August 26, 2016 6:48 AM EDT

Cowen reiterated a Market Perform rating on Tiffany & Co. (NYSE: TIF), and raised the price target to $74.00 (from $68.00), following the company's 2Q earnings report. TIF reported a worldwide comp decline of -9% C/C, partly attributed to lower tourist spending. However, a $0.12 EPS beat... More

Pre-Open Stock Movers 08/25: (AEPI) (NYMX) (GES) (TLYS) Higher; (SIG) (DG) (DLTR) Lower (more...)

August 25, 2016 9:23 AM EDT

Today's Pre-Open Stock Movers

AEP Industries (NASDAQ: AEPI) 42% HIGHER; Berry Plastics Group, Inc. (NYSE: BERY) and AEP Industries (NASDAQ: AEPI) have entered into a definitive merger agreement under which Berry will acquire all of the outstanding shares of AEP in a cash and stock transaction. Aggregate consideration will be $765 million, including AEPs net debt. Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of Berry common stock per AEP share in the transaction, subject to... More

Stock futures lower as countdown to Yellen speech begins

August 25, 2016 7:25 AM EDT

By Yashaswini Swamynathan

(Reuters) - U.S. stock index futures were slightly lower on Thursday, with investors on the sidelines as they wait for more clarity from the Federal Reserve its path to raise interest rates.

* Investors have been waiting for Fed Chair Janet Yellen's address at an annual meeting of global central bankers in Jackson Hole, Wyoming, for signals on the timing of the next rate hike.

* While traders have priced in a marginal chance of a hike when the Fed meets in September, Yellen's... More

Lower precious-metal costs add sparkle to Tiffany's profit

August 25, 2016 6:51 AM EDT

By Subrat Patnaik

(Reuters) - Tiffany & Co (NYSE: TIF) reported an unexpected rise in second-quarter profit as it sold more jewelry in Britain and the upscale jeweler benefited from lower costs of gold and other precious metals.

Total net sales, however, fell 6 percent - the seventh straight quarter of declines. Same-store sales fell 8 percent, steeper than was expected.

While the company has taken a hit due to muted tourist spending in the past several quarters, a sharply lower pound following the British vote to exit the European Union encouraged tourists in the... More

Tiffany & Co. (TIF) Tops Q2 EPS by 12c; adj.-Comps Fell by More than Expected

August 25, 2016 6:41 AM EDT

Tiffany & Co. (NYSE: TIF) reported Q2 EPS of $0.84, $0.12 better than the analyst estimate of $0.72. Revenue for the quarter came in at $932 million versus the consensus estimate of $934.74 million.

Constant-currency comps fell 9.0 percent, versus a drop of 7.1 percent expected.

Net sales by region were as follows:

In the Americas, total sales of $434 million in the second quarter and $837 million in the first half were both 9% below last year, with declines of 9% and 10%, respectively, in comparable store sales. On a constant-exchange-rate basis, total sales and... More

Tiffany (TIF) August weekly volatility increases into Q2 and outlook

August 24, 2016 3:33 PM EDT

Tiffany & Co. (NYSE: TIF) August weekly call option implied volatility is at 92, September is at 62, compared to its 52-week range of 21 to 49 into the expected release of Q2 results on August 25.

... More

Trading Radar for 8/25: Sears (SHLD), Dollar General (DG), JinkoSolar (JKS), Tiffany (TIF), Signet (SIG) Report

August 24, 2016 3:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 265kContinuing Claims - no Street consensusDurable Orders - Street sees 3.5%Durable Orders, ex-Transportation - Street sees 0.4%

Earnings:

1-800-FLOWERS.Com (Nasdaq: FLWS) - consensus loss $0.14
Burlington Stores (NYSE: BURL) - consensus EPS $0.30... More