Tiffany & Co. (NYSE:TIF) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on TIF. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research report on Thursday, October 4th. Loop Capital set a $110.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Wells Fargo & Co restated a “hold” rating and set a $100.00 price target on shares of Tiffany & Co. in a research report on Wednesday, November 28th. KeyCorp dropped their price target on Tiffany & Co. from $150.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, November 29th. Finally, Morgan Stanley dropped their price target on Tiffany & Co. from $126.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $121.95.

Shares of TIF stock traded down $0.56 during trading hours on Wednesday, reaching $84.01. The company’s stock had a trading volume of 2,708,200 shares, compared to its average volume of 2,234,882. The firm has a market cap of $10.41 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.57 and a beta of 1.62. Tiffany & Co. has a one year low of $73.04 and a one year high of $141.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.84 and a current ratio of 5.86.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. As a group, equities analysts predict that Tiffany & Co. will post 4.78 EPS for the current year.

A number of large investors have recently made changes to their positions in TIF. AustralianSuper Pty Ltd purchased a new position in Tiffany & Co. during the third quarter valued at $154,764,000. Jennison Associates LLC purchased a new position in Tiffany & Co. during the third quarter valued at $150,778,000. Confluence Investment Management LLC purchased a new position in Tiffany & Co. during the fourth quarter valued at $39,789,000. BlackRock Inc. raised its stake in Tiffany & Co. by 5.8% during the third quarter. BlackRock Inc. now owns 8,900,821 shares of the specialty retailer’s stock valued at $1,147,940,000 after buying an additional 484,549 shares during the last quarter. Finally, Capital Growth Management LP purchased a new position in Tiffany & Co. during the third quarter valued at $59,326,000. Institutional investors and hedge funds own 79.89% 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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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Analyst Recommendations for Tiffany & Co. (NYSE:TIF)

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