Goldman Lowers Tiffany Rating, Says Sales Problems Here to Stay

Pedestrians walk past the entrance to a Tiffany & Co. jewelry store in the central business district of Kuala Lumpur Malaysia

Goldman Lowers Tiffany Rating, Says Sales Problems Here to Stay

The stock was unloaded at a price range of of $94.16, amounting $414,304,000.00. during the last ninety days, executive have purchased 241,064 stocks of company shares worth at $21,467,464. company executives has an ownership of 1.40% of the firms stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Following the transaction, the insider now owns 5,623 shares of the company's stock, valued at $536,602.89.

Cowen and Company reaffirmed their buy rating on shares of Tiffany & Co. (NYSE TIF) traded down 2.24% during midday trading on Wednesday, hitting $87.84. The stock has a 50 day moving average price of $90.97 and a 200 day moving average price of $91.89. Tiffany & Co. The company has a market cap of $11.20 billion, a PE ratio of 24.42 and a beta of 1.91.

Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co.'s quarterly revenue was up 1.3% compared to the same quarter past year. During the same period in the prior year, the firm earned $0.84 earnings per share. Equities analysts predict that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. The dividend payment will be $0.500 per share for the quarter or $2.00 annualized. Dropped Today" on September 14, 2017, also Nasdaq.com published article titled: "Tiffany & Co. The dividend yield will be $2.21. Tiffany & Co.'s payout ratio is now 54.35%. The legal version of this report can be read at https://www.dispatchtribunal.com/2017/09/24/insider-selling-tiffany-co-tif-major-shareholder-sells-414304000-00-in-stock.html. "(TIF) Major Shareholder Qatar Investment Authority Sells 4,400,000 Shares" was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. This rating change was issued in a research report earlier today. Jefferies Group LLC set a $110.00 price objective on Tiffany & Co. and gave the stock a "buy" rating in a research report on Wednesday, August 16th.

For more information about research offerings from Zacks Investment Research, visit Receive News & Ratings for Tiffany & Co. (NYSE:TIF) news were published by: Fool.com which released: "Why Shares of Tiffany & Co". Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The average 12-month price target among brokers that have updated their coverage on the stock in the past year is $90.04.

Institutional investors and hedge funds own 79.71% of the company's stock. Welch Group LLC grew its position in Tiffany & Co.by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer's stock valued at $1,147,947,000 after purchasing an additional 310,235 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Tiffany & Co.by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer's stock valued at $199,000 after buying an additional 66 shares in the last quarter. King Luther Capital Management Corp grew its stake in shares of Tiffany & Co.by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Tiffany & Co.by 1.0% in the third quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer's stock valued at $388,715,000 after purchasing an additional 109,926 shares during the last quarter. Toronto Dominion Bank raised its position in Tiffany & Co.by 25.5% during the second quarter.

Needham & Company restated a "hold" recommendation on stocks of Tiffany in a study note published on Fri, Aug 25th. The Company's principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer.

Tiffany's comparable sales growth in the Americas and Asia Pacific regions declined 1% to 7% respectively, in the second quarter of this year "despite easy multi-year comparisons".

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