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Tiffany & Co. Gets a Reality Check
Excerpt from the InvestorGuide.com Stock of the Day on 3/23/2009

With fears of a deeper recession or a possible depression looming, it comes as no surprise that consumers are cutting back on luxury items such as jewelry. The last thing on a consumer's mind is a diamond ring or an engraved bracelet. Consumers are either saving every extra dollar they have or spending it trying to maintain basic necessities. Luxury jewelry retailer Tiffany reiterated that point on Monday after reporting that its fourth-quarter income slid 76%. The company cited a combination of various economic issues as the reason for the deep plunge. What were the factors that led to the company experiencing this plunge in income? How long will it take for the company to make a turnaround?

Last October, Tiffany and Co. was singing a very different tune. At that time, the company was extremely optimistic about consumer spending and forecasted that worldwide sales would grow approximately 9%. The company also said that growth in U.S. store sales in the fourth quarter would be strong. Tiffany believed that their clients were essentially recession proof and would continue to purchase their jewelry despite the condition of the economy. They turned out to be wrong and in actuality some of the wealthy individuals that were purchasing their jewelry are now auctioning off those items to pay for basic necessities. Now the company is projecting earnings of $1.50 to $1.60 a share for this year, and projecting a revenue decline of 11 percent. More >


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Tiffany & Co. Outlook Dazzles Investors
Excerpt from the InvestorGuide.com Stock of the Day on 3/24/2008

Tiffany & Co's outlook proves that all that glitters may actually be gold, especially if it comes in a blue box. Amid the weak economy and depressed consumer spending, the retailer famed for engagement rings and other baubles has kept its luster, and impressed investors as well. The New York-based jeweler released an upbeat forecast today which has investors clamoring to get their hands on shares, resulting in a more than 13 percent lift in early trading. Tiffany's results are stunning the market, proving that even in hard times diamonds really may be a girl's best friend, but will they be able to keep the momentum going as financial strains worsen for their clientele? More >

Tiffany & Co. 2Q Sales Up:
Excerpt from the InvestorGuide.com Stock of the Day on 9/1/2005

New York-based Tiffany & Co., the world's second-largest luxury jewelry retailer, reported that its second-quarter earnings soared 53% from a year ago in both its U.S. and international stores. Profits from operations increased thanks to strong rough-diamond sales and a lower tax rate stemming from the American Jobs Creation Act of 2004. Tiffany also lifted its earnings outlook for the full year, citing the "encouraging" quarterly results and expectations for total fiscal 2005 sales growth of between 8% and 10%. More >

Tiffany's & Co. - Third-quarter earnings don't shine
Excerpt from the InvestorGuide.com Stock of the Day on 11/11/2004

Tiffany & Co., the world renowned retailer and designer of jewelry, posted lower-than-expected quarterly earnings and cut its profit forecasts because of weak sales in Japan and rising costs of precious metals and diamonds. Income fell from $28 million and 19 cents a share third-quarter last year to $20 million and 14 cents share third quarter this year, well below analysts' expectations. Shares had fallen 7% by market open on Thursday. More >

Tiffany & Co. (TIF) Upgrades

Date
Analyst
Old Rating
New Rating
09/10/2009
Credit Suisse
Neutral
Outperform
03/26/2007
Stifel Nicolaus
Buy
Hold
03/21/2007
Banc of America
Buy
Neutral
07/24/2006
JMP Securities
Market Outperform
Market Perform

Tiffany & Co. (TIF) Downgrades

Date
Analyst
Old Rating
New Rating
07/25/2008
BofA
Neutral
Sell
03/25/2008
Oppenheimer
Outperform
Perform
12/04/2007
Banc of America
Buy
Neutral citing valuation
05/28/2007
HSBC Securities
Overweight
Neutral
05/27/2007
HSBC Securities
Overweight
Neutral
05/26/2007
HSBC Securities
Overweight
Neutral

Tiffany & Co. (TIF) New Coverage

Date
Analyst
Rating
10/06/2009
Citi
Buy
09/15/2009
Sterne Agee
Neutral
08/21/2009
Oppenheimer
Outperform
02/10/2009
Jefferies & Co
Hold
04/11/2008
Lehman Bros.
Overweight
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