Recent Investment Analysts’ Ratings Changes for Tiffany & Co. (TIF)

Tiffany & Co. (NYSE: TIF) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2019 – Tiffany & Co. had its price target lowered by analysts at Oppenheimer Holdings Inc. from $152.00 to $115.00. They now have an “outperform” rating on the stock.
  • 1/31/2019 – Tiffany & Co. was upgraded by analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating. They now have a $112.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/26/2019 – Tiffany & Co. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tiffany’s shares have declined in the past three months. The stock came under pressure following the soft holiday sales performance, wherein net sales slid 1%, while comps fell 2%. Results were impacted by reduced sales to foreign tourists and lower demand from local customers in Europe and Americas. However, the company registered sales growth in mainland China and Japan, while the global e-commerce sales were also favorable during the season. But this did not retrain management to trim fiscal 2018 view. Management now envisions net sales growth of 6-7% down from the prior projection of high-single-digit percentage growth. Comps are still expected to rise mid-single digits. Tiffany now expects earnings per share at the low end of its previously guided range of $4.65-$4.80. Nonetheless, Tiffany's omni-channel platform, store expansion plans, tapping of new markets and venture into new revenue generating areas bode well.”
  • 1/25/2019 – Tiffany & Co. had its “buy” rating reaffirmed by analysts at Guggenheim.
  • 1/22/2019 – Tiffany & Co. was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $104.00 price target on the stock, down previously from $136.00.
  • 1/22/2019 – Tiffany & Co. was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/22/2019 – Tiffany & Co. had its price target lowered by analysts at Nomura to $108.00. They now have a “buy” rating on the stock.
  • 1/18/2019 – Tiffany & Co. had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $110.00 price target on the stock.
  • 1/18/2019 – Tiffany & Co. had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $100.00 price target on the stock.
  • 1/16/2019 – Tiffany & Co. was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/7/2019 – Tiffany & Co. was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/2/2019 – Tiffany & Co. had its price target lowered by analysts at Wells Fargo & Co from $100.00 to $90.00. They now have a “market perform” rating on the stock.
  • 12/20/2018 – Tiffany & Co. was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

TIF stock traded down $0.20 during trading hours on Monday, reaching $87.88. The stock had a trading volume of 10,167 shares, compared to its average volume of 1,761,943. The stock has a market cap of $10.74 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.58 and a beta of 1.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.86 and a quick ratio of 1.84. Tiffany & Co. has a fifty-two week low of $73.04 and a fifty-two week high of $141.64.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. As a group, equities research analysts anticipate that Tiffany & Co. will post 4.67 EPS for the current fiscal year.

In other Tiffany & Co. news, SVP Andrew W. Hart sold 7,428 shares of the stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $87.39, for a total value of $649,132.92. Following the completion of the sale, the senior vice president now owns 19,024 shares in the company, valued at $1,662,507.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TIF. FMR LLC raised its position in shares of Tiffany & Co. by 0.4% in the second quarter. FMR LLC now owns 2,426,009 shares of the specialty retailer’s stock valued at $319,263,000 after purchasing an additional 9,132 shares during the period. Andra AP fonden raised its position in shares of Tiffany & Co. by 17.8% in the third quarter. Andra AP fonden now owns 70,800 shares of the specialty retailer’s stock valued at $9,131,000 after purchasing an additional 10,700 shares during the period. Welch & Forbes LLC raised its position in shares of Tiffany & Co. by 1.5% in the third quarter. Welch & Forbes LLC now owns 70,246 shares of the specialty retailer’s stock valued at $9,060,000 after purchasing an additional 1,020 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Tiffany & Co. in the third quarter valued at about $516,000. Finally, Aperio Group LLC raised its position in shares of Tiffany & Co. by 6.5% in the third quarter. Aperio Group LLC now owns 59,364 shares of the specialty retailer’s stock valued at $7,656,000 after purchasing an additional 3,624 shares during the period. 80.47% of the stock is currently owned by institutional investors.

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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