Tiffany & Co. Director Unloads $196,500 in Stock (TIF)
Tiffany & Co. (NYSE:TIF) Director Robert S. Singer sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $98.25, for a total value of $196,500.00. Following the sale, the director now directly owns 7,761 shares of the company’s stock, valued at approximately $762,518. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TIF. 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 research 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 target price of $96.11.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.36% on Friday, hitting $99.485. The stock had a trading volume of 703,606 shares. Tiffany & Co. has a 1-year low of $70.70 and a 1-year high of $99.19. The stock’s 50-day moving average is $89.42 and its 200-day moving average is $88.53. The company has a market cap of $12.827 billion and a P/E ratio of 57.14.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.70 earnings per share. Tiffany & Co.’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $4.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.53%. The ex-dividend date 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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