Tiffany & Co. (NYSE:TIF) insider Philippe Galtie sold 673 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $107.92, for a total value of $72,630.16. Following the completion of the transaction, the insider now owns 673 shares of the company’s stock, valued at approximately $72,630.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Tiffany & Co. (NYSE:TIF) traded down $0.28 during mid-day trading on Friday, hitting $107.77. The stock had a trading volume of 2,533,542 shares, compared to its average volume of 1,500,000. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The company has a market cap of $13,390.00, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.51 and a beta of 1.93. Tiffany & Co. has a 12 month low of $77.15 and a 12 month high of $110.17.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. analysts predict that Tiffany & Co. will post 4.02 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TIF. Janus Henderson Group PLC boosted its stake in Tiffany & Co. by 9,785.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after purchasing an additional 1,200,235 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its stake in Tiffany & Co. by 300.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after purchasing an additional 991,802 shares during the period. Victory Capital Management Inc. boosted its stake in Tiffany & Co. by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after purchasing an additional 411,487 shares during the period. APG Asset Management N.V. boosted its stake in Tiffany & Co. by 189.4% in the 3rd quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock worth $51,188,000 after purchasing an additional 365,000 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Tiffany & Co. by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after purchasing an additional 310,235 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.
A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research note on Thursday. They noted that the move was a valuation call. Wells Fargo & Co restated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Tiffany & Co. in a research note on Monday, December 18th. They issued a “neutral” rating and a $103.00 price objective for the company. Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $92.00 to $115.00 in a research note on Thursday, December 14th. Finally, KeyCorp upgraded Tiffany & Co. from a “sector weight” rating to an “overweight” rating and increased their price target for the stock from $94.50 to $115.00 in a research note on Friday, December 1st. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Tiffany & Co. currently has a consensus rating of “Buy” and a consensus price target of $102.00.
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Tiffany & Co. Company Profile
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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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