Last year, Tiffany had announced a slew of management changes including the appointment of Alessandro Bogliolo as its CEO; posting of Reed Krakoff to the newly-created role of Chief Artistic Officer; naming of Roger Farah as the Chairman of the board; as well as the appointment of three new independent directors.
The management rejigs, which came amidst a stock sell-off that started in December 2015, is clearly working in favor of the company, with the stock getting back on track.
During the trailing five quarters, Tiffany surpassed analysts expectations on both the top- and bottom-line. During the prior sequential quarter, TIF shares rose 5% after the New-York based firm reported a 27% increase in earnings on a 12% increase in net sales. Comparable store sales came in at 8%, a recent record.
Tiffany also makes up for a good dividend stock with a yield of 2.15%. The company has also been consistent in raising its quarterly dividends every year, rewarding faithful shareholders.
Going into the earning, Tiffany looks set to beat the market once again with strong fundamentals, though investors should remain wary of any industry-wide bearish sentiments. Bears usually claw through Tiffany’s share price till a recovery is achieved.