Tiffany & Co. (NYSE:TIF) Shares Down 5.8%

Tiffany & Co. (NYSE:TIF)’s share price traded down 5.8% on Wednesday . The company traded as low as $82.32 and last traded at $82.73, 3,228,142 shares traded hands during mid-day trading. An increase of 93% from the average session volume of 1,674,064 shares. The stock had previously closed at $87.84.

A number of research analysts recently weighed in on the stock. UBS Group set a $98.00 price target on shares of Tiffany & Co. and gave the company a “hold” rating in a research note on Tuesday, June 11th. HSBC set a $122.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Friday, June 14th. Loop Capital lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating and decreased their price target for the company from $110.00 to $91.85 in a research note on Tuesday, June 25th. Citigroup lowered shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $115.00 to $100.00 in a research note on Monday, July 15th. Finally, Sanford C. Bernstein began coverage on shares of Tiffany & Co. in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $125.00 target price on the stock. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Tiffany & Co. presently has an average rating of “Buy” and a consensus price target of $112.21.

The company has a quick ratio of 1.36, a current ratio of 4.17 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $92.16. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.67 and a beta of 1.56.



Tiffany & Co. (NYSE:TIF) last released its earnings results on Tuesday, June 4th. The specialty retailer reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. Tiffany & Co. had a net margin of 12.90% and a return on equity of 18.11%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.14 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Research analysts anticipate that Tiffany & Co. will post 4.88 earnings per share for the current year.

In other news, Director Abby F. Kohnstamm sold 11,912 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $90.70, for a total transaction of $1,080,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francesco Trapani sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $92.10, for a total transaction of $23,025,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 264,577 shares of company stock valued at $24,346,681 in the last 90 days. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Tiffany & Co. by 0.7% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,485 shares of the specialty retailer’s stock worth $1,740,000 after buying an additional 118 shares during the last quarter. Mcrae Capital Management Inc. increased its holdings in shares of Tiffany & Co. by 2.4% during the 2nd quarter. Mcrae Capital Management Inc. now owns 5,400 shares of the specialty retailer’s stock worth $506,000 after buying an additional 125 shares during the last quarter. Lantz Financial LLC increased its holdings in shares of Tiffany & Co. by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 8,583 shares of the specialty retailer’s stock worth $791,000 after buying an additional 130 shares during the last quarter. Advisor Group Inc. increased its holdings in Tiffany & Co. by 1.9% in the 2nd quarter. Advisor Group Inc. now owns 6,927 shares of the specialty retailer’s stock valued at $648,000 after purchasing an additional 130 shares during the last quarter. Finally, Pathstone Family Office LLC increased its holdings in Tiffany & Co. by 35.5% in the 2nd quarter. Pathstone Family Office LLC now owns 550 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Tiffany & Co. Company Profile (NYSE:TIF)

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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