Tiffany & Co. (NYSE:TIF) Sees Significant Growth in Short Interest

Tiffany & Co. (NYSE:TIF) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 12,010,000 shares, a growth of 10.7% from the January 15th total of 10,850,000 shares. Based on an average trading volume of 3,300,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 10.1% of the company’s stock are sold short.

Shares of Tiffany & Co. stock traded down $0.09 during trading on Friday, hitting $134.27. 917,048 shares of the stock traded hands, compared to its average volume of 1,551,402. The stock has a market cap of $16.26 billion, a P/E ratio of 30.04, a PEG ratio of 2.49 and a beta of 1.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 4.10. Tiffany & Co. has a twelve month low of $78.60 and a twelve month high of $134.42. The company has a fifty day moving average price of $134.02 and a two-hundred day moving average price of $112.45.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.20). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.04 billion. Tiffany & Co. had a net margin of 12.41% and a return on equity of 16.98%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, equities research analysts expect that Tiffany & Co. will post 4.65 EPS for the current fiscal year.

A number of brokerages have commented on TIF. Morgan Stanley raised their price objective on Tiffany & Co. from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. HSBC lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. ValuEngine lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Cowen lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $160.00 to $135.00 in a research report on Monday, December 9th. Finally, Evercore ISI lowered Tiffany & Co. to an “outperform” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $123.17.

Several institutional investors have recently made changes to their positions in the company. World Asset Management Inc raised its stake in shares of Tiffany & Co. by 1.1% in the 4th quarter. World Asset Management Inc now owns 7,695 shares of the specialty retailer’s stock valued at $1,028,000 after acquiring an additional 81 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Tiffany & Co. by 2.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,175 shares of the specialty retailer’s stock valued at $387,000 after acquiring an additional 86 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Tiffany & Co. by 9.8% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,117 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Tiffany & Co. by 21.7% in the 4th quarter. Quadrant Capital Group LLC now owns 560 shares of the specialty retailer’s stock valued at $71,000 after acquiring an additional 100 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in shares of Tiffany & Co. by 0.4% in the 4th quarter. Utah Retirement Systems now owns 23,050 shares of the specialty retailer’s stock valued at $3,081,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 96.37% of the company’s stock.

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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