Insider Selling: Tiffany & Co. Insider Sells 82,000 Shares of Stock (TIF)
Tiffany & Co. (NYSE:TIF) Insider James N. Fernandez sold 82,000 shares of the stock on the open market in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $84.07, for a total value of $6,893,740.00. Following the completion of the transaction, the insider now directly owns 55,825 shares of the company’s stock, valued at approximately $4,693,208. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Tiffany & Co. (NYSE:TIF) traded up 1.03% on Friday, hitting $87.15. The stock had a trading volume of 1,276,979 shares. Tiffany & Co. has a 52 week low of $62.67 and a 52 week high of $93.64. The stock has a 50-day moving average of $87.89 and a 200-day moving average of $82.53. The company has a market cap of $11.159 billion and a price-to-earnings ratio of 23.91.
Tiffany & Co. (NYSE:TIF) last released its earnings data on Tuesday, November 26th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.15. The company had revenue of $911.00 million for the quarter, compared to the consensus estimate of $889.51 million. During the same quarter last year, the company posted $0.49 earnings per share. Tiffany & Co.’s revenue was up 6.9% compared to the same quarter last year.
A number of analysts have recently weighed in on TIF shares. Analysts at Zacks reiterated an “outperform” rating on shares of Tiffany & Co. in a research note to investors on Friday, January 17th. They now have a $97.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Tiffany & Co. in a research note to investors on Monday, December 23rd. They now have a $90.62 price target on the stock, down previously from $100.00. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Tiffany & Co. presently has an average rating of “Buy” and an average target price of $87.04.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (NYSE:TIF), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.
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