Tiffany & Co. (NYSE:TIF) PT Lowered to $94.00 at Morgan Stanley

Tiffany & Co. (NYSE:TIF) had its price objective cut by stock analysts at Morgan Stanley from $96.00 to $94.00 in a research report issued to clients and investors on Thursday, October 17th, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price target points to a potential downside of 25.20% from the stock’s current price.

Several other brokerages have also issued reports on TIF. Citigroup dropped their price target on Tiffany & Co. from $100.00 to $94.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Tiffany & Co. in a research report on Wednesday, August 28th. Wells Fargo & Co lowered their target price on Tiffany & Co. from $88.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 28th. HSBC set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, Loop Capital lowered Tiffany & Co. to a “hold” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $116.95.

TIF stock traded up $0.67 during trading on Thursday, hitting $125.67. The company had a trading volume of 4,561,405 shares, compared to its average volume of 2,017,384. Tiffany & Co. has a one year low of $73.04 and a one year high of $130.40. The company has a current ratio of 4.22, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $99.57 and a 200-day moving average of $94.87. The stock has a market cap of $15.09 billion, a PE ratio of 27.20, a PEG ratio of 2.35 and a beta of 1.66.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.07. Tiffany & Co. had a return on equity of 17.67% and a net margin of 12.79%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Research analysts forecast that Tiffany & Co. will post 4.81 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in 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 purchasing an additional 86 shares during the period. Mcrae Capital Management Inc. grew its stake 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 acquiring an additional 125 shares during the period. Lantz Financial LLC grew its stake 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 acquiring an additional 130 shares during the period. Advisor Group Inc. grew its stake in shares of Tiffany & Co. by 1.9% during the 2nd quarter. Advisor Group Inc. now owns 6,927 shares of the specialty retailer’s stock worth $648,000 after acquiring an additional 130 shares during the period. Finally, Pathstone Family Office LLC grew its stake in shares of Tiffany & Co. by 35.5% during the 2nd quarter. Pathstone Family Office LLC now owns 550 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 90.68% of the company’s stock.

About Tiffany & Co.

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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