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home / news releases / TIF - Tiffany: Solid Deal For Investors Amidst Meaningful Macro Pressures


TIF - Tiffany: Solid Deal For Investors Amidst Meaningful Macro Pressures

Thoughts on Acquisition and Valuation:

In our November 4 note (See Article), we maintained that LMVH’s offer comes at a good time for Tiffany, whose shares have struggled to keep up with the broad market amidst economic pressures, trade war, and overall competition with other luxury brands. LMVH’s decision to close the transaction at a slightly higher price of $135 per share (approximately $16 billion) makes this deal even more solid for TIF investors. We continue to see TIF shares as fairly valued, at ~24-25x PE multiple on 2020 earnings.

In the present

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Stock Information

Company Name: Tiffany & Co.
Stock Symbol: TIF
Market: NYSE
Website: tiffany.com

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