Nomura Securities Cuts Price Target on Tiffany & Co. (TIF) to $75; Reiterates Buy

Mizuho Securities Cuts Price Target on Tiffany & Co. (TIF) Following 1Q EPS Beat

May 25, 2016 4:22 PM EDT

Mizuho Securities maintained a Buy rating on Tiffany & Co. (NYSE: TIF), and cut the price target to $72.00 (from $80.00), following the company's 1Q earnings report. EPS of $0.69 was above consensus $0.68 estimate, partially due to a $0.05 tax settlement benefit.

Analyst Betty Chen commented, "We are... More

Pre-Open Stock Movers 05/25: (CSC) (SRPT) (HPE) Higher; (EXPR) (CBL) (BCEI) Lower (more...)

May 25, 2016 9:25 AM EDT

Today's Pre-Open Stock Movers:

CSC (NYSE: CSC) 31.2% HIGHER; Hewlett Packard Enterprise (NYSE: HPE) announced plans for a tax-free spin-off and merger of its Enterprise Services business with CSC (NYSE: CSC), which will create a pure-play, global IT services powerhouse. The spin-off and merger is the logical next step in the turnaround of HPE's Enterprise Services segment. It also allows a standalone HPE to further sharpen its leadership in building the vital... More

Tiffany (TIF) May weekly volatility elevated at 95 as shares pullback on Q1 results and outlook

May 25, 2016 7:33 AM EDT

Tiffany (NYSE: TIF) is recently down $2.80 to $61.05 in the premarket after reporting Q1 results and sees declining EPS growth in FY16. May weekly call option implied volatility is at 95, June is at 41; compared to its 52-week range of 17 to 49.

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Jeweler Tiffany posts steepest sales drop since financial crisis

May 25, 2016 6:47 AM EDT

By Subrat Patnaik

(Reuters) - Tiffany & Co (NYSE: TIF) reported its biggest drop in quarterly sales since the peak of the global financial crisis as a strong dollar discouraged tourists from buying its high-end jewelry and eroded revenue from markets outside the United States.

The company's shares fell as much as 3 percent in morning trading on Wednesday.

In the Americas region, Tiffany's sales at stores open more than a year plunged 10 percent in the first quarter. Analysts on average had expected a 9.1 percent decline, according to research firm Consensus Metrix.

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Tiffany & Co. (TIF) Reports Q1 EPS of $0.74; Updates FY16 Outlook

May 25, 2016 6:45 AM EDT

Tiffany & Co. (NYSE: TIF) reported Q1 EPS of $0.74, versus $0.81 reported last year. Revenue for the quarter came in at $891 million, versus $962.4 million reported last year.

Comparable store sales declined 9%. On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see Non-GAAP Measures), worldwide net sales declined 7%, and comparable store sales declined 9%.

Net sales highlights by region in the first quarter were as follows:

In the Americas, total sales of $403 million were 9% below the prior year and comparable store sales declined... More

Bulgari aims to have up to six stores in Russia over 10 years

May 24, 2016 3:44 PM EDT

MOSCOW (Reuters) - Bulgari, the flagship jewelry brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury market.

The company is the second luxury brand to signal its confidence in the Russian market after French luxury group Hermes tripled the selling space of one of its two Moscow shops in December.

Bulgari Chief Executive... More

Straddles bid up into quarterly results and outlook

May 24, 2016 3:03 PM EDT

Tiffany (NYSE: TIF) May weekly 64.50 straddle priced for 6.5% movement into Q1

Express (NASDAQ: EXPR) June 16 straddle priced for 12.4% movement into Q1

HP Enterprise (NYSE: HPE) May weekly 16 straddle priced for 7.3% movement into Q2

Intuit (NASDAQ: INTU) June 100 straddle priced for 6.5% movement into Q3

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Trading Radar for 5/25: HP, Inc. (HPQ), Tiffany & Co. (TIF), Costco (COST), PVH Corp. (PVH), NetApp (NTAP) Report

May 24, 2016 2:42 PM EDT

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

Before Markets Open:
Economics:
8:30am EDT

International Trade in Goods: Adv. - no Street consensus

9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

BMO Financial Group (NYSE:... More

Nomura Securities Reiterates Buy on Tiffany & Co. (TIF) Ahead of 1Q Report

May 24, 2016 8:43 AM EDT

Nomura Securities maintained a Buy rating and $90.00 price target on Tiffany & Co. (NYSE: TIF) ahead of the company's 1Q earnings report. Nomura continues to expect EPS to be reported at $0.70, compared to consensus estimates of $0.68.

Analyst Robert Drbul commented, "TIF is... More