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%.
ILLEGAL ACTIVITY WARNING: This news story was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/13/pamela-h-cloud-sells-37000-shares-of-tiffany-co-tif-stock.html.
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.
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.