Insider Selling: Michael Joseph Kowalski Sells 90,000 Shares of Tiffany & Co. Stock (TIF)
Tiffany & Co. (NYSE:TIF) CEO Michael Joseph Kowalski sold 90,000 shares of Tiffany & Co. stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $98.91, for a total value of $8,901,900.00. Following the completion of the sale, the chief executive officer now directly owns 197,718 shares of the company’s stock, valued at approximately $19,556,287. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TIF. Analysts at Zacks reiterated a “neutral” rating on shares of Tiffany & Co. in a research note on Monday, June 9th. They now have a $105.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tiffany & Co. from $95.00 to $103.00 in a research note on Friday, May 30th. They now have a “neutral” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Tiffany & Co. from $101.00 to $112.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $97.92.
Tiffany & Co. (NYSE:TIF) traded up 0.30% during mid-day trading on Monday, hitting $99.33. 546,882 shares of the company’s stock traded hands. Tiffany & Co. has a 1-year low of $70.70 and a 1-year high of $100.95. The stock has a 50-day moving average of $93.7 and a 200-day moving average of $90.07. The company has a market cap of $12.818 billion and a price-to-earnings ratio of 57.08.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results 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. Investors 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 an increase 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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