Mizuho Downgrades Tiffany & Co. to Neutral

Brokerage firm Mizuho Downgrades its rating on Tiffany & Co.(TIF). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Mizuho was issued on Feb 6, 2017.

In a different note, On Jan 18, 2017, Atlantic Equities said it Downgrades its rating on Tiffany & Co.. The shares have been rated ‘Neutral’ by the firm.

Tiffany & Co. (TIF) shares turned negative on Tuesdays trading session with the shares closing down -0.21 points or -0.27% at a volume of 13,13,454. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.32. The peak price level was also seen at $78.32 while the days lowest was $77.74. Finally the shares closed at $78.28. The 52-week high of the shares is $85.44 while the 52-week low is $56.985. According to the latest information available, the market cap of the company is $9,742 M.

Tiffany & Co.(TIF) last announced its earnings results on Nov 29, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $949.30M. Analysts had an estimated revenue of $924.42M. Earnings per share were $0.76. The reported EPS was above estimates by $0.09 or 13.43%. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Feb 1, 2017, Andrew W. Hart (SENIOR VICE PRESIDENT) sold 1,367 shares at $77.97 per share price.Also, On Dec 9, 2016, Gross Victoria Berger (SENIOR VICE PRESIDENT) sold 11,000 shares at $85.00 per share price.On Sep 21, 2016, Philippe Galtie (Senior Vice President) sold 482 shares at $72.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

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