Revenue Update on Tiffany & Co.(NYSE:TIF)

Tiffany & Co.(NYSE:TIF) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 17, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.230B. Analysts estimated a revenue of $1.220B. The revenues were 0.82% above the estimates. Earnings per share were $1.45. The reported EPS was above estimates by 4.32%. Analysts had estimated an EPS of $1.39.

In a different note, On Feb 7, 2017, HSBC said it Downgrades its rating on Tiffany & Co.. The shares have been rated ‘Hold’ by the firm. On Feb 6, 2017, Mizuho said it Downgrades its rating on Tiffany & Co.. The shares have been rated ‘Neutral’ by the firm. On Jan 18, 2017, Atlantic Equities said it Downgrades its rating on Tiffany & Co.. The shares have been rated ‘Neutral’ by the firm.

Tiffany & Co. (TIF) made into the market gainers list on Wednesdays trading session with the shares advancing 1.17% or 1.1 points. Due to strong positive momentum, the stock ended at $95.11, which is also near the day’s high of $95.26. The stock began the session at $94.02 and the volume stood at 15,79,972 shares. The 52-week high of the shares is $95.26 and the 52 week low is $56.985. The company has a current market capitalization of $11,847 M and it has 12,45,64,854 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2017, Charles K. Marquis (director) sold 10,000 shares at $92.01 per share price.Also, On Feb 1, 2017, Andrew W. Hart (SENIOR VICE PRESIDENT) sold 1,367 shares at $77.97 per share price.On Dec 9, 2016, Gross Victoria Berger (SENIOR VICE PRESIDENT) sold 11,000 shares at $85.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

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