Guggenheim Downgrades Tiffany & Co. (NYSE:TIF) to Neutral

Tiffany & Co. (NYSE:TIF) was downgraded by stock analysts at Guggenheim from a “buy” rating to a “neutral” rating in a report released on Monday, Marketbeat Ratings reports.

A number of other equities analysts have also commented on TIF. Jefferies Financial Group lowered Tiffany & Co. from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a research note on Friday, November 8th. Cowen increased their price target on Tiffany & Co. from $107.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Co reissued an “outperform” rating on shares of Tiffany & Co. in a research note on Friday, November 22nd. Credit Suisse Group set a $140.00 price target on Tiffany & Co. and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Deutsche Bank lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of “Hold” and an average price target of $119.71.

Shares of Tiffany & Co. stock opened at $133.22 on Monday. The stock has a 50 day moving average of $111.49 and a 200 day moving average of $96.46. Tiffany & Co. has a 12 month low of $73.04 and a 12 month high of $133.50. The firm has a market cap of $15.24 billion, a PE ratio of 28.84, a PEG ratio of 2.38 and a beta of 1.66. The company has a current ratio of 4.22, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Tiffany & Co. had a return on equity of 17.67% and a net margin of 12.79%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Tiffany & Co. will post 4.8 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of TIF. Nisa Investment Advisors LLC lifted its stake in shares of Tiffany & Co. by 12.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,880 shares of the specialty retailer’s stock valued at $1,862,000 after purchasing an additional 2,240 shares during the last quarter. West Oak Capital LLC increased its holdings in Tiffany & Co. by 2.2% during the 2nd quarter. West Oak Capital LLC now owns 17,285 shares of the specialty retailer’s stock worth $1,619,000 after purchasing an additional 380 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Tiffany & Co. by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,540 shares of the specialty retailer’s stock worth $1,081,000 after purchasing an additional 232 shares during the period. Gateway Investment Advisers LLC increased its holdings in Tiffany & Co. by 8.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 123,828 shares of the specialty retailer’s stock worth $11,595,000 after purchasing an additional 9,592 shares during the period. Finally, NuWave Investment Management LLC increased its holdings in Tiffany & Co. by 3,657.1% during the 2nd quarter. NuWave Investment Management LLC now owns 263 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 256 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Tiffany & Co. Company Profile

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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

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Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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