Topic: How To Invest

Q: Pat: I`m thinking of buying shares of Tiffany & Co (TIF-US). Your thoughts, please.

Article Excerpt

A: Tiffany & Co., $88.36, symbol TIF on New York, (Shares outstanding: 124.6 million; Market cap: $11.0 billion; www.tiffany.com), is a leading international retailer, designer, manufacturer and distributor of fine jewelry and gift items. These include watches, clocks, sterling silverware, china, crystal, stationery and fragrances. As of April 30, 2017, the New York City-based company operated 310 stores (124 in the Americas, 84 in Asia-Pacific, 54 in Japan, 43 in Europe, and five in the UAE), compared to 308 stores a year earlier (124 in the Americas, 81 in Asia-Pacific, 55 in Japan, 43 in Europe, and five in the UAE). It also sells its products through its websites. In the three months ended April 30, 2017, Tiffany’s revenue rose slightly, to $899.6 million from $891.3 million. Earnings rose 6.2%, to $92.9 million, or $0.75 a share, from $87.5 million, or $0.69 a share. Tiffany continues to benefit from good expense controls, lower input costs, in particular diamond prices, and a consumer shift…