Insider Selling: Tiffany & Co. (TIF) SVP Sells 482 Shares of Stock
Tiffany & Co. (NYSE:TIF) SVP Philippe Galtie sold 482 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction of $34,708.82. Following the transaction, the senior vice president now owns 670 shares in the company, valued at $48,246.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Tiffany & Co. (NYSE:TIF) traded up 1.03% during trading on Wednesday, reaching $72.27. The company’s stock had a trading volume of 734,115 shares. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 20.61 and a beta of 2.06. Tiffany & Co. has a 52-week low of $56.99 and a 52-week high of $84.19. The stock’s 50-day moving average is $68.66 and its 200 day moving average is $66.93.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 25th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business earned $932 million during the quarter, compared to analyst estimates of $931.37 million. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. Tiffany & Co.’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. On average, analysts predict that Tiffany & Co. will post $3.67 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Tuesday, September 20th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, September 16th. Tiffany & Co.’s dividend payout ratio is currently 51.28%.
A number of equities analysts recently weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 price objective (down from $88.00) on shares of Tiffany & Co. in a research report on Thursday, May 26th. Cowen and Company reiterated a “hold” rating and issued a $68.00 price objective on shares of Tiffany & Co. in a research report on Wednesday, June 1st. Royal Bank Of Canada lowered their price objective on shares of Tiffany & Co. from $72.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 26th. Mizuho lowered their price objective on shares of Tiffany & Co. from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $69.00 price objective (down from $71.00) on shares of Tiffany & Co. in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $79.02.
A number of hedge funds and other institutional investors have recently made changes to their positions in TIF. Fuller & Thaler Asset Management Inc. bought a new position in shares of Tiffany & Co. during the second quarter valued at about $103,000. Advisory Services Network LLC raised its position in shares of Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock valued at $114,000 after buying an additional 225 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock valued at $124,000 after buying an additional 184 shares in the last quarter. Signaturefd LLC raised its position in shares of Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock valued at $132,000 after buying an additional 2,141 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Tiffany & Co. by 397.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,654 shares of the company’s stock valued at $161,000 after buying an additional 2,121 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
About Tiffany & Co.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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