Tiffany & Co. (NYSE:TIF) insider Philippe Galtie sold 673 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $107.92, for a total value of $72,630.16. Following the transaction, the insider now directly owns 673 shares in the company, valued at $72,630.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Philippe Galtie also recently made the following trade(s):
- On Friday, January 26th, Philippe Galtie sold 1,648 shares of Tiffany & Co. stock. The stock was sold at an average price of $109.48, for a total value of $180,423.04.
- On Wednesday, January 24th, Philippe Galtie sold 1,000 shares of Tiffany & Co. stock. The stock was sold at an average price of $109.20, for a total value of $109,200.00.
- On Monday, January 22nd, Philippe Galtie sold 24,758 shares of Tiffany & Co. stock. The stock was sold at an average price of $109.79, for a total value of $2,718,180.82.
Shares of Tiffany & Co. (NYSE:TIF) traded down $1.15 on Monday, reaching $100.73. The company had a trading volume of 1,303,651 shares, compared to its average volume of 1,540,000. The stock has a market cap of $12,520.00, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.14 and a beta of 1.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. Tiffany & Co. has a twelve month low of $80.48 and a twelve month high of $111.44.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. During the same quarter last year, the firm posted $0.76 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. research analysts predict that Tiffany & Co. will post 4.08 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Calton & Associates Inc. purchased a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $118,000. Denali Advisors LLC purchased a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $125,000. Sawyer & Company Inc purchased a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $130,000. QS Investors LLC raised its holdings in shares of Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 103 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Tiffany & Co. by 103.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 697 shares in the last quarter. 81.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on TIF. Royal Bank of Canada upped their price objective on Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, January 24th. Wells Fargo & Co restated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. began coverage on Tiffany & Co. in a research note on Monday, December 18th. They issued a “neutral” rating and a $103.00 price objective for the company. Finally, Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $115.00 in a research note on Thursday, December 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $102.00.
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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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