Tiffany & Co. (NYSE: TIF): The Best-Of-Breed For Investing?


    BlackRock Fund Advisors recently announced the acquisition of new stake in Tiffany & Co. (NYSE:TIF). The institutional investor has increased its shareholding in the Consumer Cyclical company by 8.08% to 5.94 million shares with purchase of 0.44 million shares. This fresh investment now brings its stake to 4.90% valued currently at $724.44 million. In addition, Goldman Sachs & Co. LLC (Private. raised its holdings by 0.52 million to 4.5 million shares. And Pentwater Capital Management LP has lifted its position by 40.16% or 0.58 million shares – to 2.02 million shares.

    With over 1.18 million Tiffany & Co. (TIF) shares trading Friday and a closing price of $121.75 on the day, the dollar volume was approximately $143.85 million. The shares have shown a positive weekly performance of 0.37% and its price on 07/17/20 lost nearly -0.22%. Currently, there are 121.20M common shares owned by the public and among those 119.46M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for TIF have a consensus price objective of $134.50. The analysts have set the share’s price value over the next 12 months at a high of $135.00 and a low of $130.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Tiffany & Co. stock is 3.10 for the next 12 months. The average price target is 9.09% above its last price level and an upside to the estimated low will see the stock gain 6.35% over that period. But an upside of 9.81% will see the stock hit the forecast high price target while mean target price for the stock is $135.00.

    Insiders at the company have transacted a total of 144 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 100 of these insider trades were purchases, accounting for 939,616 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 744,725 shares.

    The top 3 mutual fund holders in Tiffany & Co. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 3.46 million shares of the company’s stock, all valued at over $422.05 million. The company bought an additional 0.17 million shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund bought 26535.0 shares to see its total holdings expand to 3.0 million shares valued at over $365.97 million and representing 2.47% of the shares outstanding. Vanguard 500 Index Fund bought 62382.0 shares to bring its total holdings to over 2.27 million shares at a value of $276.4 million. Vanguard 500 Index Fund now owns shares totaling to 1.87% of the shares outstanding.

    Shares of Tiffany & Co. (NYSE: TIF) opened at $122.69, up $0.67 from a prior closing price of $122.02. However, the script later closed the day at $121.75, down -0.22%. The company’s stock has a 5-day price change of 0.37% and -5.73% over the past three months. TIF shares are trading -8.90% year to date (YTD), with the 12-month market performance up to 30.69% higher. It has a 12-month low price of $78.60 and touched a high of $134.42 over the same period. Currently, 1.18 million shares have been traded, compared to an average intraday trading volume of 2.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.21%, -1.16%, and -2.42% respectively.

    Institutional ownership of Tiffany & Co. (NYSE: TIF) shares accounts for 94.50% of the company’s 121.20M shares outstanding. Mutual fund holders own 34.07%, while other institutional holders and individual stakeholders account for 58.99% and 11.69% respectively.

    It has a market capitalization of $14.81B and a beta (3y monthly) value of 1.00. The stock’s trailing 12-month PE ratio is 42.20, while the earnings-per-share (ttm) stands at $2.89. The company has a PEG of 6.75 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.06% over the week and 1.21% over the month.

    Analysts forecast that Tiffany & Co. (TIF) will achieve an EPS of $0.19 for the current quarter, $0.38 for the next quarter and $3.9 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.52 while analysts give the company a high EPS estimate of $0.58. Comparatively, EPS for the current quarter was $1.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.70%, and 119.92% over the next financial year. EPS should grow at an annualized rate of 6.25% over the next five years, compared to 3.60% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Tiffany & Co. (TIF) as a “Hold” at a consensus score of 3.10. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 14 of the 15 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the TIF, a number of firms have released research notes about the stock. Guggenheim stated their Neutral rating for the stock in a research note on November 25, 2019, with the firm’s price target at. Jefferies coverage for the Tiffany & Co. (TIF) stock in a research note released on November 08, 2019 offered a Hold rating with a price target of $110. Oppenheimer was of a view on October 29, 2019 that the stock is Perform, while Bernstein gave the stock Mkt Perform rating on October 29, 2019, issuing a price target of. Deutsche Bank on their part issued Buy rating on October 28, 2019.


    Please enter your comment!
    Please enter your name here