Wednesday, October 20, 2010

Analysts Are Tiffanys Best Friend

Though Tiffanys clever fourth entertain fell short of The Streets accord forecast, analysts have high hopes for the oppulance retailer.According to Wells Fargo researcher Evren Kopelman, Tiffany ( TIF - news - people ) is "one of the couple of featured item retailers with domain liberation opportunity, full of health block footage enlargement and intensity for comp enlargement in 2010." Kopelman says that the companys clever code gives it long-term tellurian enlargement potential, with poignant enlargement in Europe and Asia, observant in sold that code recognition enlargement in China is on the horizon.emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssforbes:http://www.forbes.com/2010/03/22/tiffany-jewelry-luxury-markets-equities-retail-walmart-target-nordstrom.html?partner=yahoobuzzNew York-based Tiffany pronounced it warranted $140.4 million, or $1.10 per share, compared with $31.1 million, or twenty-five cents per share, a year progressing when the association suffered one-time charges that marked down gain by 56 cents per share.Sales for the duration finale Jan. 31 strike $981.4 million, up 17% from $837.6 million in the year-ago quarter. Same-store sales, a key magnitude of sell performance, jumped 11% in the quarter, increased by a 22% enlarge at Tiffany ( TIF - news - people )s flagship store in Manhattan.In annoy of the year-over-year gains, Tiffany still fell short of expectations. Analysts polled by Thomson Reuters likely gain of $1.13 per share on sales of $970.9 million. On headlines of the miss, shares of Tiffany forsaken $1.64, or 3.5% to $45.62 in Monday sunrise trading. For the full-year of 2010, Tiffany expects to consequence in between $2.45 and $2.50 per share with sales up 11% to $3 billion. Analysts are presaging gain of $2.43 on sales of $2.9 billion.,,2010/03/22/tiffany-jewelry-luxury-markets-equities-retail-walmart-target-nordstrom.htmlThough Tiffany longed for his foresee for the quarter, Stifel Nicolaus researcher David Schick says he "adds new postponement for thought since new oppulance organisation outperformance and new health caring legislation with right away higher taxation expectations going forward."However, Schick records that Tiffany fits well in to his longer-term topic that "slower personal expenditure enlargement and flourishing income lack of harmony will good mega-box aggregators competing on cost (like Wal-Mart ( WMT - news - people ), Target ( TGT - news - people ), Costco ( COST - news - people ), and Amazon ( AMZN - news - people )) and smaller-box retailers that are improved versed to use high-end consumers (like Tiffany and Sotheby"s ( BID - news - people )) at the responsibility of middle to big-box retailers that are offered increasingly commoditizable products."Other oppulance retailers were rising with Tiffany Monday, that gained twelve cents, or .3% to $47.38 in afternoon trading. Coach ( COH - news - people ) ticked up 59 cents, or 1.6%, to $38.44; Nordstrom ( JWN - news - people ) gained 76 cents, or 1.9%, to $40.18; and Saks ( SKS - news - people ) jumped 47 cents, or 5.7%, to $8.77.
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