Tiffany on the Street: Analyst Ratings and Valuations
Of the 26 analysts covering Tiffany stock, 42.0% rated it a “buy” as of April 3, 2017, while 54.0% rated it a “hold,” and one (4.0%) rated it a “sell.”
Tiffany (TIF) continues to struggle in the Americas. Lower demand from consumers has stemmed from a shift toward low-priced accessories.
Tiffany’s international operations are vital to top-line growth. In fiscal 2016, US sales accounted for 42.3% of overall sales, while other countries made up 42.6%.
In fiscal 2016, Tiffany (TIF) had been witnessing dwindling sales, but things started to improve in the second half of fiscal 2016.
Tiffany (TIF) stock has been witnessing stupendous growth in 2017. On a YTD basis, the stock has gained more than 22% as of April 3.
As of March 10, 2017, 14 out of 23 analysts surveyed (61%) had issued a “buy” recommendation for Ulta stock. Nine analysts have given it a “hold” rating.
In fiscal 2016, Ulta Beauty added 69 new brands and implemented over 500 prestige brand expansions.
Ulta’s gross margin declined in fiscal 4Q16, though the company’s operating margin improved on a YoY basis.
Ulta saw its sales rise 24.6% to $1.58 billion in fiscal 4Q16, surpassing the consensus analysts’ sales estimate of $1.54 billion for fiscal 4Q16.
Ulta Beauty delivered adjusted EPS (earnings per share) of $2.24 ahead of the consensus Wall Street analysts’ estimate of $2.13.
Ulta Beauty (ULTA) stock rose 4.6% to $286.42 on March 10, 2017, in reaction to the company’s impressive results for fiscal 4Q16.
On March 1, Best Buy’s (BBY) 12-month forward PE fell 11.7% to 11.4x on March 1, the day the company announced its fiscal 4Q17 results.
As of March 2, 72%, or 18 out of 25 analysts covering Best Buy’s stock, had a “hold” recommendation.
Best Buy (BBY) exceeded analysts’ earnings estimate but missed the consensus revenue estimate in fiscal 4Q17.
Best Buy’s (BBY) cost reduction efforts helped in improving its gross as well as operating margins in fiscal 4Q17.
Best Buy’s adjusted EPS rose 27.5% on a year-over-year basis in fiscal 4Q17.
Best Buy (BBY) stock fell 4.5% to $42.14 on March 1 in reaction to the company’s fiscal 4Q17 results and lower-than-expected guidance for fiscal 1Q18.
Best Buy stock rose 13.7% on November 17 in reaction to the company’s impressive fiscal 3Q17 results. Fiscal 3Q17 ended on October 29, 2016.
Best Buy was trading at a 12-month forward PE multiple of 13.6x as of November 25. Its valuation multiple rose 8.8% on November 17 due to its 3Q17 results.
Best Buy (BBY) reported an increase in its gross margin and operating margin in fiscal 3Q17, which ended on October 29, 2016.