Tiffany & Co. (NYSE:TIF) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Tuesday, March 20th will be paid a dividend of 0.50 per share by the specialty retailer on Tuesday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%.
Tiffany & Co. has raised its dividend by an average of 9.7% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Tiffany & Co. has a dividend payout ratio of 50.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tiffany & Co. to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 47.1%.
Shares of Tiffany & Co. (NYSE:TIF) traded down $1.10 during midday trading on Thursday, hitting $102.01. The company had a trading volume of 255,927 shares, compared to its average volume of 1,507,134. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $12,547.05, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.80. Tiffany & Co. has a 12-month low of $82.61 and a 12-month high of $111.44.
A number of brokerages recently issued reports on TIF. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Wells Fargo & Co set a $96.00 price target on Tiffany & Co. and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Monday, November 27th. Susquehanna Bancshares began coverage on Tiffany & Co. in a report on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and an average price target of $102.00.
In other news, SVP Philippe Galtie sold 24,758 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the completion of the sale, the senior vice president now owns 10,813 shares in the company, valued at approximately $1,187,159.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert S. Singer acquired 2,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $99.49 per share, with a total value of $198,980.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 92,217 shares of company stock valued at $10,076,469. 1.40% of the stock is owned by company insiders.
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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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