Tiffany & Co. EVP Sells $141,019 in Stock (TIF)
Tiffany & Co. (NYSE:TIF) EVP Jon M. King unloaded 1,415 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $99.66, for a total value of $141,018.90. Following the completion of the sale, the executive vice president now directly owns 40,751 shares of the company’s stock, valued at approximately $4,061,245. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Tiffany & Co. (NYSE:TIF) traded down 0.22% during mid-day trading on Tuesday, hitting $99.65. The stock had a trading volume of 122,292 shares. Tiffany & Co. has a 52-week low of $70.70 and a 52-week high of $100.95. The stock has a 50-day moving average of $95.55 and a 200-day moving average of $90.46. The company has a market cap of $12.859 billion and a price-to-earnings ratio of 57.56.
Tiffany & Co. (NYSE:TIF) last released its earnings data 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. On average, analysts predict that Tiffany & Co. will post $4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 10th. Stockholders 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 1.52%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.34.
A number of research firms have recently commented on TIF. Analysts at Barrington Research initiated coverage on shares of Tiffany & Co. in a research note on Monday. They set a “market perform” rating on the stock. Separately, analysts at HSBC raised their price target on shares of Tiffany & Co. from $110.00 to $122.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $98.52.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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