Headlines about Tiffany & Co. (NYSE:TIF) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tiffany & Co. earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 47.3991635629635 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
Shares of Tiffany & Co. (NYSE TIF) traded up $0.59 during midday trading on Monday, hitting $96.34. The company had a trading volume of 1,261,585 shares, compared to its average volume of 1,668,658. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $11,960.00, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.23 and a beta of 1.93. Tiffany & Co. has a 12-month low of $76.08 and a 12-month high of $98.64.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. Tiffany & Co.’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. equities research analysts anticipate that Tiffany & Co. will post 3.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. Tiffany & Co.’s payout ratio is 53.62%.
A number of research analysts have recently commented on TIF shares. KeyCorp reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Susquehanna Bancshares started coverage on Tiffany & Co. in a research note on Thursday, November 2nd. They set a “neutral” rating and a $100.00 target price on the stock. Royal Bank of Canada set a $94.00 target price on Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday, November 30th. Finally, Cowen set a $102.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, October 18th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Tiffany & Co. has a consensus rating of “Hold” and a consensus target price of $98.69.
In related news, Director Francesco Trapani bought 25,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
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About Tiffany & Co.
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.
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