Pamela H. Cloud Sells 37,000 Shares of Tiffany & Co. (TIF) Stock

Tiffany & Co. (NYSE:TIF) insider Pamela H. Cloud sold 37,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $93.52, for a total value of $3,460,240.00. Following the completion of the sale, the insider now owns 47,261 shares of the company’s stock, valued at $4,419,848.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Tiffany & Co. (NYSE TIF) opened at 96.48 on Wednesday. Tiffany & Co. has a 52-week low of $67.52 and a 52-week high of $97.29. The firm has a 50-day moving average price of $91.47 and a 200-day moving average price of $91.85. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 26.20 and a beta of 1.91.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. Analysts predict that Tiffany & Co. will post $3.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is presently 54.35%.

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Several analysts have issued reports on TIF shares. Cowen and Company restated an “outperform” rating and issued a $107.00 target price on shares of Tiffany & Co. in a report on Tuesday, May 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $88.00 price target (down previously from $93.00) on shares of Tiffany & Co. in a research note on Thursday, May 25th. Credit Suisse Group set a $82.00 price target on Tiffany & Co. and gave the company a “hold” rating in a research note on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, May 24th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price target on Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, May 24th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $92.81.

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Tiffany & Co. by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after purchasing an additional 310,235 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Tiffany & Co. by 2,886.2% during the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after purchasing an additional 6,747,028 shares in the last quarter. State Street Corp lifted its stake in shares of Tiffany & Co. by 0.3% during the first quarter. State Street Corp now owns 4,884,771 shares of the specialty retailer’s stock worth $465,549,000 after purchasing an additional 12,498 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Tiffany & Co. by 2.7% during the second quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock worth $388,715,000 after purchasing an additional 109,926 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Tiffany & Co. by 0.7% during the first quarter. FMR LLC now owns 2,463,909 shares of the specialty retailer’s stock worth $234,810,000 after purchasing an additional 17,572 shares in the last quarter. Institutional investors own 79.76% of the company’s stock.

Tiffany & Co. Company Profile

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

Insider Buying and Selling by Quarter for Tiffany & Co. (NYSE:TIF)

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