Tiffany & Co. (NYSE:TIF) Sees Significant Growth in Short Interest

Tiffany & Co. (NYSE:TIF) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 12,010,000 shares, a growth of 10.7% from the January 15th total of 10,850,000 shares. Approximately 10.1% of the shares of the company are short sold. Based on an average daily volume of 3,300,000 shares, the days-to-cover ratio is currently 3.6 days.

Several institutional investors and hedge funds have recently modified their holdings of TIF. Magnetar Financial LLC acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $188,262,000. Bank of Montreal Can increased its holdings in shares of Tiffany & Co. by 742.5% during the fourth quarter. Bank of Montreal Can now owns 1,165,675 shares of the specialty retailer’s stock valued at $155,792,000 after purchasing an additional 1,027,321 shares during the period. CNH Partners LLC acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $120,181,000. Beryl Capital Management LLC acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $74,831,000. Finally, ARP Americas LP acquired a new position in shares of Tiffany & Co. during the fourth quarter valued at $73,836,000. 96.37% of the stock is currently owned by institutional investors.

NYSE TIF traded down $0.09 during trading hours on Friday, hitting $134.27. The company had a trading volume of 917,048 shares, compared to its average volume of 1,551,402. Tiffany & Co. has a fifty-two week low of $78.60 and a fifty-two week high of $134.42. The company has a quick ratio of 1.17, a current ratio of 4.10 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $134.02 and a 200-day simple moving average of $112.45. The firm has a market cap of $16.26 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.56.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.04 billion. Tiffany & Co. had a net margin of 12.41% and a return on equity of 16.98%. Tiffany & Co.’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Equities analysts forecast that Tiffany & Co. will post 4.65 EPS for the current fiscal year.

Several brokerages have weighed in on TIF. Deutsche Bank lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. William Blair lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Monday, October 28th. Telsey Advisory Group lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price on the stock. in a research report on Tuesday, November 26th. Finally, Zacks Investment Research lowered Tiffany & Co. from a “hold” rating to a “sell” rating and set a $138.00 target price on the stock. in a research report on Sunday, November 3rd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $123.17.

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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