ValuEngine lowered shares of Tiffany & Co. (NYSE:TIF) from a buy rating to a hold rating in a report issued on Thursday morning, ValuEngine reports.

Other analysts have also issued reports about the stock. Oppenheimer lowered shares of Tiffany & Co. from an outperform rating to a market perform rating in a research note on Tuesday, October 29th. Needham & Company LLC reissued a hold rating on shares of Tiffany & Co. in a research note on Monday, October 28th. Credit Suisse Group set a $140.00 target price on shares of Tiffany & Co. and gave the company a buy rating in a research note on Monday, October 28th. Wells Fargo & Co increased their target price on shares of Tiffany & Co. from $80.00 to $100.00 and gave the company a market perform rating in a research note on Monday, October 28th. Finally, Guggenheim increased their target price on shares of Tiffany & Co. from $118.00 to $145.00 in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $116.95.

Shares of NYSE:TIF traded up $2.07 during trading on Thursday, reaching $125.08. The company had a trading volume of 1,948,550 shares, compared to its average volume of 4,724,865. The firm’s fifty day moving average is $103.51 and its 200 day moving average is $95.40. The firm has a market capitalization of $14.94 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Tiffany & Co. has a twelve month low of $73.04 and a twelve month high of $130.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.36 and a current ratio of 4.22.

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

Several large investors have recently modified their holdings of TIF. Bank of America Corp DE lifted its position in shares of Tiffany & Co. by 246.0% in the 2nd quarter. Bank of America Corp DE now owns 5,486,764 shares of the specialty retailer’s stock valued at $513,780,000 after acquiring an additional 3,901,101 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tiffany & Co. by 468.5% in the 2nd quarter. Invesco Ltd. now owns 3,130,384 shares of the specialty retailer’s stock valued at $293,129,000 after acquiring an additional 2,579,697 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Tiffany & Co. in the 2nd quarter valued at approximately $179,739,000. Egerton Capital UK LLP lifted its position in shares of Tiffany & Co. by 53.3% in the 2nd quarter. Egerton Capital UK LLP now owns 4,752,571 shares of the specialty retailer’s stock valued at $445,031,000 after acquiring an additional 1,652,151 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Tiffany & Co. by 291.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,339,673 shares of the specialty retailer’s stock valued at $125,447,000 after acquiring an additional 997,309 shares in the last quarter. Institutional investors and hedge funds own 90.78% 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.

Featured Article: Penny Stocks, What You Need To Know

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.