Insider Selling: John S. Petterson Sells 12,500 Shares of Tiffany & Co. Stock (TIF)
Tiffany & Co. (NYSE:TIF) SVP John S. Petterson unloaded 12,500 shares of the company’s stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $89.00, for a total value of $1,112,500.00. Following the completion of the sale, the senior vice president now directly owns 33,413 shares of the company’s stock, valued at approximately $2,973,757. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.74% during mid-day trading on Thursday, hitting $89.045. The stock had a trading volume of 281,647 shares. Tiffany & Co. has a 52 week low of $63.85 and a 52 week high of $93.64. The stock has a 50-day moving average of $87.16 and a 200-day moving average of $82.99. The company has a market cap of $11.402 billion and a P/E ratio of 24.51.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.54%.
Several analysts have recently commented on the stock. Analysts at Nomura initiated coverage on shares of Tiffany & Co. in a research note on Wednesday, February 12th. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Tiffany & Co. in a research note on Friday, January 17th. They now have a $97.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Tiffany & Co. from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 26th. They now have a $100.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $87.76.
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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