85.26 0.00 (0.00%)
After hours: 4:51PM EST
|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||81.32 - 85.46|
|52 Week Range||73.04 - 141.64|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||23.84|
|Earnings Date||Mar 14, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||2.20 (2.59%)|
|1y Target Est||113.21|
Shares of Signet have dropped more than 20% in afternoon trading after a report of a major slowdown in holiday sales that promoted a big miss on earnings. "Early improvements in refreshed merchandise assortment, digital marketing and OmniChannel were more than offset by larger-than-expected declines in legacy product lines," CEO Virginia Drosos said in a statement. In contrast to Signet's steep slide, Tiffany shares are rising on the day.
Nordstrom dipped 7.6% in midday trading as two Wall Street analysts downgraded the company’s stock due to weak trends in its department store business.
# Tiffany & Co ### NYSE:TIF View full report here! ## Summary * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for TIF with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on December 14. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.44 billion over the last one-month into ETFs that hold TIF are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Diamond giant De Beers is fighting back on the threat posed by lab-grown diamonds startups, but "it's not going to work," according to one startup founder.
In the options market, the total number of put contracts exceeds calls by a ratio of 1.4-to-1, and investors are positioned for an outsize move in the wake of the report. Tiffany, known for its fine jewelry packaged in robin’s-egg blue boxes, is set to unveil its sales results for the November-December holiday period on Jan. 18. Short interest in Tiffany has been building even as the stock extended its plunge to a two-year low.
The world's largest consumer technology company, Apple (NASDAQ:AAPL), fired a warning shot heard around the world that their biggest product, the iPhone, was seeing much slower-than-expected growth in one of its biggest markets, China. Investors everywhere freaked out, with the S&P 500, Dow Jones and Nasdaq all dropping well over 2% in response. The big takeaway is that the end of quantitative easing and rising U.S.-China trade war tensions are combining to create major headwinds for the global economy. This is especially true in China, where the 2018 slowdown is threatening to get worse in 2019. That's bad news for stocks with exposure to China. Unfortunately, there are a bunch of stocks out there with ample exposure to the world's second-largest economy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Specifically, there's a bunch of retail stocks that have a worrisome level of sales exposure to China. Wells Fargo recently compiled a list of retail stocks in their coverage universe that have exposure to China. The takeaway? There's more than a handful of retail stocks with double-digit sales exposure to China. * 10 Virtual Assistants for the Future of Smart Homes With that in mind, let's take a look at seven retail stocks with worrisome exposure to China. Source: Shutterstock ### Adidas (ADDYY) Sales Exposure to China: 18% Near-term outlook: Although this was once the hottest athletic apparel company in the world, Adidas (OTCMKTS:ADDYY) is now facing numerous headwinds that plague the stock's near-term outlook. First and foremost, the company has double-digit sales exposure to China, which is by far the most exposure among big athletic apparel brands. Second, the iconic brand is finally losing steam amid rising competition, and that is showing up in slower sales growth numbers. This trend will persist, and it will keep ADDYY stock lower for longer. Long-term outlook: The long-term outlook for Adidas stock is much more favorable than its near-term outlook. Trends in fashion change all the time. This current trend wherein Adidas is losing steam will not last forever. Eventually, it will be replaced by another trend where Adidas is back in fashion. Big picture, this is a long-term winner that you want to buy when the trend is your friend, and sell when the trend goes the other way. Source: priceminister via Flickr ### Tiffany (TIF) Sales Exposure to China: 16% Near-term outlook: The near-term outlook for shares of Tiffany (NYSE:TIF) is not good. Not only does the company have 16% exposure to China's rapidly slowing economy, but TIF also sells the sort of premium product (jewelry) that consumers can go a long time without buying if times get tough. Indeed, during prior economic slowdowns (2015-16 and 2008-09), TIF stock dramatically underperformed the market due to the company's economic slowdown sensitivity. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Long-term outlook: The long-term outlook for TIF stock is much more favorable. Although near-term demand is sensitive to economic slowdowns, long-term demand is stable due to the enduring and timeless appeal of jewelry. Also, within this enduring appeal jewelry industry, Tiffany has separated itself among millennial buyers, thus giving the company a healthy long-term demand outlook. In five years, I think $6.50 in EPS in achievable, driven by low single-digit revenue growth and some margin expansion. A normal 20 multiple on that implies a long-term price target of $130, representing healthy upside in a multi-year window. Source: Shutterstock ### Nike (NKE) Sales Exposure To China: 15% Near-term outlook: At first glance, the near-term outlook for Nike (NYSE:NKE) stock isn't all that great. A 15% sales dependence to the rapidly slowing China economy is not good. But, we just heard from Nike two weeks ago, and they said everything was great in China. Sales growth in China accelerated from 20% in Q1, to 31% in Q2. Thus, whatever is affecting Apple in China, is not affecting Nike. This company is firing on all cylinders in China, and everywhere else too (growth accelerated across all geographies last quarter). Thus, the near-term outlook for NKE stock is actually quite favorable. Long-term outlook: The long-term outlook for Nike stock is also quite favorable. Over the past twenty years, Nike has time and time again flexed its muscles as the most dominant and unparalleled juggernaut in the athletic apparel industry. They've squashed competitive threats, continually come out with the best products, and always sign the best athletes. Also, this entire space is growing rapidly due to the widespread emergence of healthy and active lifestyle trends. Altogether, this is a very solid company with the potential to hit $5 EPS in five years. A historically average 25 multiple on that implies a long-term price target of $125. That's almost double the current price. Source: McArthurGlen Designer Outlet via Flickr ### Skechers (SKX) Sales Exposure to China: 14% Near-term outlook: The near-term outlook for Skechers (NYSE:SKX) stock is mixed. On one hand, you have a company with slowing growth rates and struggling margins that have sizable exposure to the slowing Chinese economy. On the other hand, you have a company who might win in a slower growth environment due to its lower-priced shoes, and you have a stock that is dirt cheap and rubbing up against a critical support level at $20. Thus, while a near-term bounce-back looks unlikely, further downside also seems fundamentally and technically limited. * 7 Dow Jones Stocks Set to Charge Higher Long-term outlook: The long-term outlook for Skechers stock is quite promising at current levels. Skechers has carved out a solid niche for itself in the global athletic apparel industry as a leading provider of high quality, mid-priced athletic apparel shoes for the largely off-trend demographic. This strategy has powered consistent double-digit global sales growth over the past several years, and continues to power high single-digit sales growth today. This growth has also happened alongside healthy gross margin expansion. As such, if these trends remain intact over the next several years, SKX stock is simply too cheap here at 11X forward earnings, and will ultimately head higher in a multi-year window. Source: Joe King via Flickr (Modified) ### Fossil (FOSL) Sales Exposure to China: 12% Near-term outlook: The near-term outlook for traditional watch giant turned wearables company Fossil (NASDAQ:FOSL) is actually quite favorable. Apple warned about slowing iPhone demand. But, they also said that Apple Watch demand remained robust. That is a bullish read for Fossil, whose entire turnaround narrative is predicated on robust growth in the hybrid smartwatch category. Recent numbers from Fossil indicate that this trend remains alive and well. But, the stock has been beaten up in a big way over the past few months due to concerns that the hybrid smartwatch market is struggling. Fossil's next quarterly numbers should ease those fears, and cause a pop in FOSL stock. Long-term outlook: The long-term outlook here is favorable, too. Fossil used to be the face of the huge traditional watch market. That market has shrunk considerably due to the onset of smartwatches. While smartwatch functionality is nice to have, traditional watch aesthetic will also likely never go away. As such, Fossil is making a comeback through hybrid smartwatches, which is essentially the integration of traditional watch aesthetic with smartwatch functionality. This market will be very big one day, and Fossil will be at the head of it. As such, FOSL stock should head higher in a long-term window from here. Source: Shutterstock ### Capri (CPRI) Sales Exposure to China: 8% Near-term outlook: The near-term outlook for global luxury brand Capri (NYSE:CPRI) has been quite negative. But, that may be changing soon. To be sure, this company does have an 8% sales exposure to China, and its global suite of brands (Michael Kors, Versace and Jimmy Choo) have broad exposure to the global consumer markets. But, the biggest weight on this stock has been its balance sheet, which has been increasingly pressured by the threat of rising interest rates. With the global economy rapidly cooling, it is unlikely rates head higher any time soon. As such, this stock's biggest risk may be moving into the rear-view mirror, and CPRI stock could be due for a near-term bounce back. * 7 High-Risk Chinese ETFs to Avoid ... For Now Long-term outlook: At current levels, the long-term outlook for CPRI stock is favorable as healthy long-term fundamentals are set to converge on what is a hugely discounted valuation. CPRI stock currently trades at just over 7X forward earnings. That is dirt cheap. But, between Michael Kors, Versace, and Jimmy Choo, Capri has amassed a portfolio of luxury brands with enduring appeal. Thus, long-term, this company should be able to grow revenues, margins, and profits at a healthy rate. None of that is priced in at 7X forward earnings, meaning the stock has huge firepower in a long-term window. Source: Shutterstock ### Under Armour (UAA) Sales Exposure To China: 5% Near-term outlook: The near-term outlook for athletic apparel company Under Armour (NYSE:UAA) is favorable, despite its 5% sales exposure to China. The rationale for this favorable outlook is that all the bad news has already been priced into the stock. At one point in time in early December, this was a $25 stock. Just a month later, UAA stock has plunged more than 30% to $17. Now, the RSI hovers right around oversold territory, the valuation is as cheap as its been in several years, and sentiment is awful. In other words, this stock is due for a near-term bounce back. Long-term outlook: The long-term outlook isn't so great. At its core, Under Armour is an athletic apparel brand that failed to branch into the lifestyle market, and is instead doubling down on the performance market. This re-focus is the right move for stability and profitability. But, it also limits this company's potential upside in a long-term window. As such, this company appears to have runway to $1.15 in EPS within five years. A Nike-average 25 forward multiple on that implies a four-year forward price target of $28. That's good, but not great, upside in a four to five year window. As of this writing, Luke Lango was long AAPL, NKE, SKX, UAA and CPRI. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 7 Retail Stocks With Worrisome Exposure to China appeared first on InvestorPlace.
The tenants will be part of an overhaul of the Macy’s site, which mall owner General Growth Properties, now Brookfield, bought in 2017.
The journey of a diamond from deep within the earth’s surface to sparkling in a shop window is a long and multi-faceted one. Usually it goes something like this: once the billion-year old rough crystals have been mined, they’re sorted, graded, sold, cut, polished, sorted, graded and sold again before being set into jewellery.
Tiffany & Co. said Wednesday that it will start sharing information about the country or region of origin of its newly sourced, individually registered diamonds, which are 0.18 carats and larger. The company will register the diamonds by etching a unique serial number onto the diamonds that's invisible to the naked eye. As of Wednesday, origin details will be available for the Love & Engagement lines and select diamond rings in global Tiffany stores, and sourcing information on individually registered diamonds will be available by asking a sales associate. In the first quarter of 2019, the company will start to include these details on the Tiffany Diamond Certificate for individually registered diamonds. By 2020, the luxury jeweler will also provide the "craftsmanship journey," tracing the path of things like the cutting and polishing of diamonds. Tiffany owns and operates diamond polishing workshops around the world. Tiffany shares have slumped 18.4% over the last 12 months, while the S&P 500 index is down 6.4% for the period.
# Tiffany & Co ### NYSE:TIF View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderate for TIF with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on December 14. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding TIF is favorable, with net inflows of $22.22 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Tiffany & Co. announced today that it will begin sharing with consumers the provenance (region or countries of origin) of its newly sourced, individually registered diamonds – a significant step for diamond transparency – and by 2020, their craftsmanship journey – an industry first. With its Diamond Source Initiative, Tiffany is tracing each of its individually registered diamonds (0.18 carats and larger) by a unique “T&Co” serial number etched by laser and invisible to the naked eye, and providing consumers geographic sourcing information specific to their diamond. Beyond general assurances of “conflict free,” Tiffany believes that knowing provenance is critical to ensuring its diamonds are among the most responsibly sourced in the world.
“This is a topic that has become more and more relevant for new generations,” Chief Executive Officer Alessandro Bogliolo said in an interview with Bloomberg TV. Tiffany is undergoing a revitalization effort under Bogliolo, seeking out younger shoppers with a refreshed image. It has enlisted celebrities like Zoe Kravitz, Elle Fanning and Maddie Ziegler and is undertaking a massive renovation of its New York flagship store.
When Apple slashed its sales forecast for the holiday quarter on Jan. 2, laying most of the blame on weakness in China, the news sent a shudder through financial markets. Apple's announcement renewed anxieties about the slowdown of the world's second-largest economy, read as a signal that the countless companies which have come to rely…
U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street. The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week. Stocks surged on the news, along with word that the U.S. and China will hold trade talks next week and comments from Federal Reserve Chairman Jerome Powell that the Fed will be flexible in judging whether to raise interest rates further.
After Apple Inc.’s shock profit warning, investors were quick to make the connection: if Chinese consumers are cutting back on iPhones, Louis Vuitton handbags could be next. Apple’s sales revision cascaded through global markets, hitting suppliers and rivals, but also a raft of luxury-goods companies that rely on the same clientele that likes to splurge on Apple’s latest products. Hong Kong-listed Prada SpA, Gucci-parent Kering SA, LVMH Moet Hennessy Louis Vuitton, Burberry Group Plc and Richemont, the parent of jeweler Cartier, all declined in the wake of Apple’s shortfall.
Before the holiday season, Los Angeles-based jeweler Suzanne Kalan made trips to the U.K. and Bahrain to showcase the samples in her Burmese ruby collection that will hit upscale retail and online stores worldwide later this month. “Burmese rubies are gaining popularity everywhere,” Kalan says. The veteran jewelry designer, with over 30 years of experience in the industry, hasn’t had a complete ruby collection until now.
Apple is the most high profile victim, but Starbucks, FedEx and Ford have also been hit by the slowing Chinese economy.
Most Wall Street analysts have maintained a positive outlook on Tiffany & Co. (TIF) stock. Tiffany is expected to sustain its sales and earnings growth momentum in fiscal 2019. Meanwhile, the company’s margins are expected to benefit from lower input costs and improved sales.
Shares of Tiffany & Co. (TIF) are trading at a multiyear low owing to the recent fall in its stock price. Tiffany stock is trading at a forward PE multiple of 15.9x, ~25% lower than its four-year average multiple of 21.3x. Wall Street expects Tiffany to sustain top and bottom line growth momentum in 2019.
Shares of Tiffany & Co. (TIF) and Signet Jewelers (SIG) have taken significant hits recently as weak tourist spending and earnings pressure from investments in growth measures have taken a toll on their financials. Tiffany impressed with its performance in the first half of its current fiscal year, with both its sales and earnings marking stellar growth. Analysts expect Tiffany’s bottom line to remain pressured and mark low-single-digit growth in the fourth quarter of fiscal 2018.
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Tiffany & Co. (NYSE:TIF) with a market-capitalization of US$9.6b, rarely draw their attention. Surprisingly though, when accounted Read More...
Walmart Inc. and Target Corp. in the second quarter posted their highest sales increases in more than a decade. The parent company of Sears and Kmart also filed for bankruptcy and is in the process of accepting bids that will decide whether it liquidates or remains a going concern. Walmart’s biggest profit and revenue engine is still 4,600 cavernous U.S. stores, where the company has spruced up, cut inventory and raised wages.