Tiffany & Co. (NYSE:TIF) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, March 22nd. Analysts expect the company to announce earnings of $1.59 per share for the quarter.
Shares of TIF stock opened at $95.47 on Friday. The company has a market capitalization of $11.77 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. Tiffany & Co. has a fifty-two week low of $73.04 and a fifty-two week high of $141.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.84 and a current ratio of 5.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 20th will be given a $0.55 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.30%. Tiffany & Co.’s dividend payout ratio is currently 53.27%.
TIF has been the topic of a number of recent analyst reports. Wells Fargo & Co reiterated a “hold” rating and issued a $100.00 price objective on shares of Tiffany & Co. in a research report on Wednesday, November 28th. Goldman Sachs Group cut their price objective on Tiffany & Co. from $158.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Guggenheim restated a “buy” rating on shares of Tiffany & Co. in a research report on Friday, January 25th. Finally, Oppenheimer dropped their price target on Tiffany & Co. from $152.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.14.
In related news, insider Philippe Galtie sold 1,263 shares of Tiffany & Co. stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $88.23, for a total transaction of $111,434.49. Following the sale, the insider now directly owns 6,010 shares in the company, valued at $530,262.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew W. Hart sold 7,428 shares of Tiffany & Co. stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $87.39, for a total value of $649,132.92. Following the sale, the senior vice president now owns 19,024 shares in the company, valued at $1,662,507.36. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
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About Tiffany & Co.
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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