Tiffany & Co. (NYSE:TIF) Director Francesco Trapani purchased 56,064 shares of the stock in a transaction dated Wednesday, August 30th. The shares were purchased at an average price of $88.03 per share, with a total value of $4,935,313.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Francesco Trapani also recently made the following trade(s):
- On Friday, September 1st, Francesco Trapani purchased 25,000 shares of Tiffany & Co. stock. The shares were purchased at an average price of $91.84 per share, with a total value of $2,296,000.00.
- On Thursday, August 31st, Francesco Trapani purchased 76,064 shares of Tiffany & Co. stock. The shares were purchased at an average price of $88.69 per share, with a total value of $6,746,116.16.
- On Monday, August 28th, Francesco Trapani purchased 35,000 shares of Tiffany & Co. stock. The shares were purchased at an average price of $89.34 per share, with a total value of $3,126,900.00.
- On Tuesday, August 29th, Francesco Trapani purchased 48,936 shares of Tiffany & Co. stock. The shares were purchased at an average price of $89.16 per share, with a total value of $4,363,133.76.
Shares of Tiffany & Co. (NYSE TIF) opened at 90.31 on Friday. Tiffany & Co. has a 52-week low of $70.55 and a 52-week high of $97.29. The stock’s 50 day moving average price is $91.31 and its 200-day moving average price is $91.90. The firm has a market cap of $11.24 billion, a PE ratio of 24.53 and a beta of 1.91.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $930.19 million. During the same quarter last year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.21%. Tiffany & Co.’s payout ratio is 54.35%.
Several hedge funds have recently modified their holdings of TIF. BlackRock Inc. lifted its position in shares of Tiffany & Co. by 2,886.2% during the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after purchasing an additional 6,747,028 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Tiffany & Co. by 9,785.1% during the second 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 last quarter. Investec Asset Management LTD lifted its position in shares of Tiffany & Co. by 85.9% during the first quarter. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer’s stock worth $195,746,000 after purchasing an additional 949,105 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Tiffany & Co. during the first quarter worth about $39,206,000. Finally, Cramer Rosenthal Mcglynn LLC bought a new position in shares of Tiffany & Co. during the second quarter worth about $30,981,000. 79.76% of the stock is currently owned by institutional investors and hedge funds.
TIF has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Tiffany & Co. in a research report on Friday, August 25th. Citigroup Inc. lowered their price target on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research lowered Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $92.81.
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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