Tiffany & Co $ 123.54 0.89 (-0.12%)
Tiffany & Co News and Headlines -
LVMH Moët Hennessy Louis Vuitton SE (LVMHF) signed a merger agreement to buy Tiffany & Co. (TIF) at a sum of $135 per share. Now, the French luxury conglomerate is trying to get away from the deal.
Its board issued a curious press release that cited a directive by the French government to delay the merger into 2021. At the same time, the board wished to comply with the merger agreement that includes a drop-dead date in November.
In response, Tiffany filed suit in Delaware to force LVMH to clinch the deal at $135 per share, notwithstanding its change of
Putting an end to what would have been the biggest-ever deal in the luxury industry, fashion house LVMH Moet Hennessy Louis Vuitton SE (XPAR:MC) called off its $16.2 billion buyout of Tiffany & Co. (TIF) on Wednesday.
Shares of the iconic New York-based jeweler sank 10% in early trading on Wednesday following the announcement, while the French company's stock declined nearly 0.2%.
The deal, which was struck in November 2019, ran into issues after coronavirus-related lockdowns shuttered stores around the world and curbed international travel, crippling demand for luxury goods and sending Tiffany's global net sales down 29% in the
According to the GuruFocus All-in-One Screener as of July 16, the following guru-held companies have high dividend yields and are trading with low price-earnings ratios.
Brasilagro – Cia Bras de Prop Agricolas's (LND) dividend yield is 5.5% and the payout ratio is 0.40. Over the past 52 weeks, the stock price has decreased 0.59%. Shares are trading with a price-book ratio of 1.14 and a price-earnings ratio of 10.42. The company’s average yield was 3.21% over the past 10 years.
The operator of rural properties in Brazil has a market cap
Brandes, who is now retired, is a Benjamin Graham disciple. As such, his firm seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values, and then hold them until the market recognizes their true worth.
The firm added to the portfolio through the majority of 2018 and into the first quarter of 2019. From there, the team has slowly been reducing the holding throughout 2019 and into this year. All
As Warren Buffett (Trades, Portfolio) puts it, “protect the downside, the upside will take care of itself.” This is why we at Urbem prefer to invest in long cycles when it comes to product-driven businesses.
The connection between product lifecycle and investment risk is not difficult to understand. In cases of short cycles, companies have to keep rolling out new products on a frequent basis in order to stay competitive. Nonetheless, the success of those products is hard to predict and often requires contribution from some geniuses, causing uncertainties for shareholders over the long
U.S. stocks were mixed on Tuesday after rallying the past days, with energy, financials and industrials leading declines. The Dow Jones Industrial Average lost 0.80% to 27,353, the S&P 500 index fell 0.65% to 3,211 and the Nasdaq Composite Index was up 0.23% to 9,948.
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• Eli Lilly and Co (LLY) +1.3%
• ServiceNow Inc (NOW) +0.9%
• Johnson & Johnson (JNJ) +0.6%
• Coty Inc (COTY) -11%
• Concho Resources Inc (CXO) -9%
• Simon Property Group Inc (SPG)
Tiffany & Co. (TIF) released its first-quarter 2020 results before the opening bell on June 9. The luxury jeweler posted earnings and revenue that fell short of analysts’ projections as sales were down in all the regions.
By the numbers
The New York-based company posted a loss of 53 cents per share in the first quarter, down from earnings per share of $1.03 in the prior-year quarter. Analysts had anticipated EPS of 3 cents. Net sales of $555.5 million dropped 45% from the year-ago period and was lower than the $701 million analysts were expecting.
Reflecting on the company’s performance,
MFP Investors LLC recently disclosed its portfolio updates for the first quarter of 2020, which ended on March 31.
MFP Investors is a New York-based hedge fund led by renowned money manager Michael Price (Trades, Portfolio), who became the manager after selling Heine Securities to Franklin Resources in 1996. Price utilizes a value-based investing style, focusing on out-of-favor small caps that trade at an attractive valuation.
Based on its investing criteria, the firm’s top buys for the quarter were Taubman Centers Inc. (TCO) and FLIR Systems Inc. (FLIR), while its top sells were Tiffany & Co. (TIF)
With the long-term goal of capital preservation, above-average returns and low correlation to the market, the guru’s New York-based firm specializes in event-driven arbitrage strategies, including merger arbitrage, bankruptcy reorganizations and distressed credit.
Sticking to these criteria, the investor revealed he established two new positions during the quarter, exited six stocks and added to or reduced a number of other holdings. Notable transactions included the addition of Kirkland Lake Gold Ltd. (KL) and Navistar International Corp. (NAV) to the
Tiffany & Co. (TIF) released its fourth-quarter 2019 results before the opening bell on March 20. The luxury jeweler posted earnings and revenue that surpassed expectations as sales improved in most regions. Moreover, business disturbance in Hong Kong did not offset strength in mainland China.
By the numbers
The New York-based company posted adjusted earnings of $1.80 per share, surpassing estimates of $1.77 per share. Net sales of $1.4 billion grew 3% on a year-over-year basis, surpassing the $1.36 billion in revenue analysts were expecting.
Worldwide comparable store sales grew 3%. Excluding the Hong Kong market, worldwide comps grew 5%.
Pioneer Investment Management sold shares of the following stocks during the fourth quarter of 2019.
The guru trimmed the Linde PLC (LIN) position by 24.61%. The portfolio was impacted by -0.53%.
The gas supplier has a market cap of $113.80 billion and an enterprise value of $127.5 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 4.55% and return on assets of 2.58% is underperforming 62% of companies in the chemicals services industry. Its financial strength is rated 6 out of
The firm entered a new stake in Caesars Entertainment Corp. (CZR), buying 2.4 million shares. The portfolio was impacted by 1.47%.
The owner and operator of casinos in the United States has a market cap of $9.94 billion and an enterprise value of $27.36 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -23.93% and return on assets of -2.68%
Mario Gabelli (Trades, Portfolio), founder and CEO of GAMCO Investors Inc. (GBL), disclosed last week that his top five buys for the fourth quarter of 2019 were ViacomCBS Inc. (VIACA)(VIAC), Tiffany & Co. (TIF), Tallgrass Energy LP (TGE), ServiceMaster Global Holdings Inc. (SERV) and Sinclair Broadcast Group Inc. (SBGI).
Managing a portfolio of 890 stocks, Gabelli graduated summa con laude from Fordham University’s College of Business Administration and earned an MBA from Columbia University Graduate School of Business. Gabelli seeks undervalued companies that have a growth catalyst.
The $12.52 billion equity
“We need to identify brands which are so desirable that no matter how people shop or receive advertising, they’ll always want them.”
- Lindsell Train
Well-known British investor Lindsell Train once said the above when referring to the luxury sector as being most resilient to technological disruption and the aftermath of moat erosion. Indeed, many value/quality investors, including us, look for the lack of change to be their primary driver of long-term equity returns.
Previously, we discussed investments that are well-moated through century-old brands, of which we see many related to luxury lifestyle. After all, it
Soros Fund Management, the firm founded by legendary guru George Soros (Trades, Portfolio), disclosed last week that its top five buys for the fourth quarter of 2019 were in Activision Blizzard Inc. (ATVI), Tiffany & Co. (TIF), Campbell Soup Co. (CPB), Pioneer Natural Resources Co. (PXD) and WellCare Health Plans Inc. (WCG).
Soros’ theory of reflexivity is based on the premise that individual investor biases affect the economy and market transactions. The guru’s firm seeks investing opportunities through the study of value and market prices of assets, stocks, bonds and other securities.
As lovebirds around the world celebrate Valentine’s Day, investors may want to consider companies that profit from Cupid’s bow and arrows.
According to the National Retail Federation, the average U.S. consumer is expected to spend approximately $196.31 on Valentine’s presents for their significant others, children, teachers and classmates, coworkers, friends and even pets this year. This is up from last year’s record of $161.96. Total spending is projected to reach $27.4 billion, which is a 32% increase from $20.7 billion a year ago.
Of that, the annual survey found those celebrating the holiday plan to spend $5.8 billion on
Grantham Mayo Van Otterloo, the firm co-founded by Jeremy Grantham (Trades, Portfolio), disclosed this week that its top five buys for fourth-quarter 2019 were Humana Inc. (HUM), Lyft Inc. (LYFT), The Stars Group Inc. (TSG), Wright Medical Group NV (WMGI) and Tiffany & Co. (TIF).
According to its website, GMO applies a long-term, valuation-based investment philosophy to unlock shareholder value for its clients. The firm also mentions that most of the “interesting” investing opportunities occur at market extremes and that pursuing contrarian strategies can result in good value creation.
The firm trimmed its 3M Co. (MMM) position by 23.96%. The portfolio was impacted by -0.53%.
The manufacturer of a wide range of industrial and consumer products has a market cap of $93 billion and an enterprise value of $112 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 45.39% and return on assets of 11.32% are outperforming 89% of companies
According to theÂ GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.
Allergan PLC reached the 52-week high of $190.30
Allergan PLC (AGN) is s specialty pharmaceutical manufacturer. It specializes in aesthetics, ophthalmology, women's health, gastrointestinal and central nervous system products. In 2016, Allergan sold its generics and distribution segments to Teva.
The price of Allergan PLC shares has reached $190.30, which is 1% off the 52-week high of $192.26. The company has a market cap of $62.47 billion; its shares were traded around $190.30 with and a price-sales ratio
Tiffany & Co. (TIF) released its third-quarter earnings before the opening bell on Dec. 5. Earnings and revenue did not meet analysts' projections due to low foreign tourist spending in the U.S. and business disturbance in Hong Kong, its fourth-largest market, due to ongoing protests.
By the numbers
The New York-based luxury jeweler posted earnings of 65 cents per share for the third quarter, falling short of estimates of 85 cents. Revenue of $1.01 billion fell short of analysts' expectations of $1.04 billion.
Worldwide comparable store sales, barring the impact of currency exchange rates, grew 1%, which
|2020-10-20 $ 122.19 (-0.43%)|
|2020-10-16 $ 122.72 (0.85%)|
Tiffany Sees Improved Sales Trend, Strong E-commerce - www.zacks.com
|2020-10-15 $ 121.69 (2.21%)|
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|2020-10-08 $ 117.97 (0.23%)|
|2020-09-29 $ 116.44 (-0.22%)|
Tiffany, LVMH Legal Tussle Continues on Stalled Merger Talks - www.zacks.com
$LVMHF $TIF - Tiffany's 'Ã La French' Divorce. Tiffanys La French Divorce - seekingalpha.com
|2020-09-22 $ 116.27 (0.92%)|
Judge Fast-Tracks Tiffany Lawsuit Against LVMH - www.fool.com
$TIF - Tiffany Wins Fast Track. Tiffany Wins Fast Track - seekingalpha.com
|2020-09-18 $ 116.26 (0.92%)|
Tiffany (TIF) Condemns LVMH's Request to Delay Merger Deal - www.zacks.com
|2020-09-17 $ 115.2 (-0.57%)|
|2020-09-14 $ 113.19 (-0.54%)|
|2020-09-11 $ 113.81 (-0.48%)|
|2020-09-10 $ 114.36 (0.35%)|
LVMH Countersues Tiffany Over Disintegrating Merger Deal - www.fool.com
Tiffany in Legal Tangles With LVMH, Down on Stalled Deal - www.zacks.com
|2020-09-09 $ 113.96 (-6.44%)|
$TIF - Tiffany Is A Diamond In The Rough. Tiffany Is Diamond In Rough - seekingalpha.com
Why Tiffany Shares Dropped 10% Today - www.fool.com
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|2020-09-04 $ 121.79 (-0.31%)|
Signet (SIG) Q2 Loss Narrower Than Expected, Sales Down Y/Y - www.zacks.com
|2020-09-02 $ 122.39 (-0.89%)|
|2020-08-28 $ 123.88 (0.53%)|
Tiffany's (TIF) Q2 Earnings Miss Estimates, Decline Y/Y - www.zacks.com
|2020-08-27 $ 123.23 (1.41%)|
Tiffany (TIF) Misses Q2 Earnings and Revenue Estimates - www.zacks.com
|2020-08-19 $ 127.25 (0.88%)|
|2020-08-18 $ 126.14 (0.57%)|
|2020-08-17 $ 125.42 (0.34%)|
|2020-08-14 $ 125 (0.16%)|
|2020-08-11 $ 124.98 (-0.16%)|
New Strong Sell Stocks for August 11th - www.zacks.com
|2020-08-07 $ 124.82 (-0.17%)|
|2020-07-10 $ 121.3 (0.26%)|
|2020-07-09 $ 120.99 (-0.49%)|
Why Is Tiffany (TIF) Up 0.4% Since Last Earnings Report? - www.zacks.com
|2020-07-01 $ 122.23 (0.24%)|
Global M&As in Q2 Hit by Coronavirus: Trend Reversal Ahead? - www.zacks.com
|2020-06-29 $ 120.31 (0.62%)|
$TIF - Tiffany Is A Trader's Best Friend. Tiffany Is Traders Best Friend - seekingalpha.com
|2020-06-15 $ 120.1 (0.82%)|
|2020-06-10 $ 121.05 (-2.82%)|
Signet (SIG) Falls 16% on Reporting Loss & Sales Miss in Q1 - www.zacks.com
|2020-06-09 $ 124.56 (1.95%)|
What Investors Need to Know About Tiffany's 1st-Quarter Results - GuruFocus.com
Tiffany (TIF) Q1 Loss Wider Than Expected, Sales Plunge Y/Y - www.zacks.com
Tiffany (TIF) Reports Q1 Loss, Misses Revenue Estimates - www.zacks.com
|2020-06-08 $ 122.18 (0.16%)|
Tiffany (TIF) Surges: Stock Moves 6.5% Higher - www.zacks.com
|2020-06-05 $ 121.99 (6.51%)|
Why Tiffany Stock Is Up Today - www.fool.com
Tiffany Talks Lawsuits, LVMH Moet Hennessy Listens - www.fool.com
|2020-06-04 $ 114.53 (0.25%)|
LVMH Looking to Renegotiate $16 Billion Tiffany Deal - www.fool.com
|2020-06-03 $ 114.24 (-2.38%)|
Tiffany (TIF) Stock Falls as Deal With LVMH Looks Uncertain - www.zacks.com
|2020-05-15 $ 127.01 (-0.21%)|
|2020-05-14 $ 127.28 (-0.31%)|
|2020-05-13 $ 127.68 (0.03%)|
|2020-05-08 $ 128.56 (0.3%)|
|2020-05-06 $ 127.9 (0.35%)|
|2020-04-08 $ 129.37 (0.76%)|
Tiffany’s Acquisition by LVMH Is Pushed Back to October - www.fool.com
|2020-03-27 $ 127.44 (-1.3%)|
Signet (SIG) Q4 Earnings and Sales Beat Estimates, Stock Up - www.zacks.com
|2020-03-20 $ 125.44 (-0.44%)|
Tiffany Records Strong 4th-Quarter Results - GuruFocus.com
|2020-02-14 $ 134.27 (-0.07%)|
|2020-01-24 $ 134.21 (0.12%)|
|2020-01-20 $ 134.25 (%)|
|2020-01-02 $ 133.85 (0.15%)|
|2019-12-05 $ 133.55 (-0.13%)|
Tiffany & Co. Records Disappointing 3rd-Quarter Results - GuruFocus.com
|2019-11-30 $ 133.8 (0.21%)|
|2019-11-25 $ 133.25 (6.17%)|
|2019-11-12 $ 124.15 (-1.13%)|
3 Stocks to Enhance Your Portfolio's Quality - GuruFocus.com
|2019-10-18 $ 88.49 (-3.37%)|
|2019-10-15 $ 91.04 (0.86%)|
|2019-08-28 $ 85.17 (3.02%)|
Key Takeaways From Tiffany's 2nd-Quarter Earnings - GuruFocus.com
|2019-06-14 $ 91.02 (-0.15%)|
Why Tiffany Stock Could Surge Higher - GuruFocus.com
|2019-06-04 $ 92.51 (2.6%)|
|2019-01-03 $ 79.59 (-2.74%)|
Steve Mandel Sees Sparkle in Tiffany & Co. - GuruFocus.com
|2018-12-12 $ 85.94 (2.09%)|
Do Not Swing for Tiffany's Shares Yet - GuruFocus.com
|2018-10-15 $ 112.32 (-0.46%)|
|2018-08-29 $ 125.48 (-4.26%)|
Key Takeaways From Tiffany & Co.'s 2nd-Quarter Earnings - GuruFocus.com
|2018-07-24 $ 137.93 (-0.14%)|
First Eagle Investments Comments on Tiffany - GuruFocus.com
Key Takeaways From Tiffany & Co's 1st Quarter Earnings - GuruFocus.com
|2018-05-23 $ 126.05 (23.29%)|
Tiffany's Shares Sparkle on Sales Growth - GuruFocus.com
|2018-04-06 $ 95.58 (-2.59%)|
Insiders Roundup: Tiffany, Nu Skin - GuruFocus.com
Key Takeaways From Tiffany's 4th Quarter Earnings - GuruFocus.com
|2018-03-16 $ 97.51 (-5.06%)|
|2017-11-29 $ 92.55 (-1.58%)|
Demand in China Makes Tiffany's Sales Sparkle - GuruFocus.com
|2017-08-01 $ 95.86 (0.37%)|
5 Companies Reach Yearly Highs - GuruFocus.com
|2017-07-13 $ 94.04 (1.71%)|
Tiffany & Co. Names New CEO - GuruFocus.com
|2017-06-08 $ 93.66 (1.51%)|
World-Class Brand Gives Shareholders Shiny 11% Dividend Increase - GuruFocus.com
|2017-02-24 $ 91.73 (1.66%)|
Jana Partners Eats Breakfast With Tiffany - GuruFocus.com
|2016-12-14 $ 83.17 (-1.24%)|
John Rogers Boosts Berkshire, Rockwell Collins, Tiffany - GuruFocus.com
|2016-08-29 $ 72.98 (-0.79%)|
Tiffany's Potential Shines - GuruFocus.com
First Eagle Investment Nearly Triples Stake in Tiffany & Co. - GuruFocus.com
|2016-03-21 $ 71.54 (-0.9%)|
A Hidden Jewel? - GuruFocus.com
|2015-08-27 $ 83.29 (-2.1%)|
Sequoia Fund Comments on Tiffany & Co. - GuruFocus.com
|2015-06-03 $ 93.92 (-0.11%)|
Tiffany & Company: My Take Remains Unchanged - GuruFocus.com
|2015-06-02 $ 94.02 (0.26%)|
|2015-05-29 $ 93.73 (-0.95%)|
Tiffany & Co. Posts Upbeat Q1 Results - GuruFocus.com
|2015-05-27 $ 94.54 (10.53%)|
Tiffany & Co Q1 â€“ How Will It Go? - GuruFocus.com