Cannaccord Lifts PT on Tiffany (TIF) to $95; Comps, Gross Margin Drive Solid Q2 Results
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Tiffany & Co. (TIF) PT, Estimates Raised at Nomura Post Q2
August 28, 2014 9:07 AM EDTNomura Securities analyst Robert Drbul reiterated a Buy rating and raised his price target on Tiffany & Co. (NYSE: TIF) to $115.00 (from $110.00) following second quarter results.
Drbul comments, "Total sales in the quarter increased 7% YoY to $993mn (+3% comps in constant currency), driven by 9%... More
Tiffany & Co. (TIF) PT, Estimates Raised at Sterne Agee on Another 'Beat-and-Raise' Qtr
August 27, 2014 10:15 AM EDTSterne Agee analyst Ike Boruchow raised estimates and his price target on Buy-rated Tiffany & Co. (NYSE: TIF) to $110.00 (from $108.00) following another solid 'beat-and-raise' quarter.
Boruchow commented, "TIF continues to beat expectations through a combination of meaningful GM expansion (cost deflation, pricing) and U.S.... More
Tiffany & Co. (TIF) Tops Q2 EPS by 11c; Boosts FY14 EPS Outlook
August 27, 2014 7:02 AM EDTTiffany & Co. (NYSE: TIF) reported Q2 EPS of $0.96, $0.11 better than the analyst estimate of $0.85. Revenue for the quarter came in at $993 million versus the consensus estimate of $987.9 million.
Michael J. Kowalski, chairman and chief executive officer, said, These healthy second quarter results reflected solid sales growth in our stores, particularly in the Americas and Asia-Pacific regions. In addition, an improved gross margin was an important contributor to the earnings growth. We were also pleased with solid performance across most product categories, ranging from the success of perennial classics in fine, statement and engagement... More
