Tiffany & Co. COO James N. Fernandez Sells 33,500 Shares (TIF)
Tiffany & Co. (NYSE:TIF) COO James N. Fernandez sold 33,500 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.89, for a total value of $3,245,815.00. Following the completion of the transaction, the chief operating officer now directly owns 61,686 shares of the company’s stock, valued at approximately $5,976,757. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Tiffany & Co. from $101.00 to $112.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at TheStreet upgraded shares of Tiffany & Co. to a “buy” rating in a research note on Friday, May 23rd. Finally, analysts at Sterne Agee raised their price target on shares of Tiffany & Co. from $105.00 to $108.00 in a research note on Thursday, May 22nd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $96.11.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.48% on Friday, hitting $99.61. The stock had a trading volume of 729,129 shares. Tiffany & Co. has a 52 week low of $70.70 and a 52 week high of $99.19. The stock has a 50-day moving average of $89.42 and a 200-day moving average of $88.53. The company has a market cap of $12.843 billion and a P/E ratio of 57.14.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 21st. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.19. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $955.05 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $4.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Shareholders of record on Friday, June 20th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.34.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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