Tiffany & Co. (NYSE:TIF) Director Robert S. Singer acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $99.49 per share, with a total value of $198,980.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Tiffany & Co. (NYSE TIF) opened at $101.69 on Friday. Tiffany & Co. has a 12 month low of $82.61 and a 12 month high of $111.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The stock has a market capitalization of $12,814.24, a PE ratio of 27.34, a P/E/G ratio of 2.17 and a beta of 1.80.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) 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 analyst estimates of $957.18 million. During the same period in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. equities analysts anticipate that Tiffany & Co. will post 4.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. Tiffany & Co.’s dividend payout ratio is currently 53.76%.
Several hedge funds have recently added to or reduced their stakes in TIF. Calton & Associates Inc. bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at approximately $118,000. Denali Advisors LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at approximately $125,000. QS Investors LLC grew its stake 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 purchasing an additional 103 shares during the period. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake 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 purchasing an additional 697 shares during the period. Institutional investors own 81.83% of the company’s stock.
Several research firms recently weighed in on TIF. Royal Bank of Canada boosted their price objective on Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Wells Fargo & Co reissued a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. JPMorgan Chase & Co. began coverage on Tiffany & Co. in a research report on Monday, December 18th. They set a “neutral” rating and a $103.00 price objective for the company. Finally, Citigroup raised Tiffany & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $92.00 to $115.00 in a research report on Thursday, December 14th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $102.00.
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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.
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