Media coverage about Tiffany & Co. (NYSE:TIF) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tiffany & Co. earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 47.4108652744673 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- Breakfast at Tiffany’s – Reese Witherspoon looks stunning in exquisite platinum jewellery (newkerala.com)
- Tiffany Haddish thanks her bullies for making her rich, forces George Stephanopoulos to dance (yahoo.com)
- Tiffany and Co launches expensive and baffling range of ‘everyday objects’ (domain.com.au)
- Tiffany & Co’s new perfume – the next best thing to diamonds (getthegloss.com)
- Chinese Millennials Perplexed by Tiffany’s Brand Proposition (jingdaily.com)
A number of equities analysts have recently commented on the stock. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 14th. BidaskClub cut shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Susquehanna Bancshares assumed coverage on shares of Tiffany & Co. in a report on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 target price on the stock. Finally, Cowen set a $102.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Tiffany & Co. presently has an average rating of “Hold” and an average target price of $98.69.
Shares of Tiffany & Co. (NYSE TIF) traded up $0.33 on Thursday, reaching $95.52. 1,374,342 shares of the company’s stock traded hands, compared to its average volume of 1,671,786. 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 firm has a market cap of $11,808.84, a PE ratio of 24.30, a P/E/G ratio of 2.21 and a beta of 1.93. Tiffany & Co. has a 12 month low of $76.08 and a 12 month high of $98.64.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. During the same period in the previous year, the company posted $0.76 EPS. Tiffany & Co.’s revenue was up 2.8% compared to the same quarter last year. sell-side analysts anticipate that Tiffany & Co. will post 3.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.76%.
In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total transaction of $414,304,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Francesco Trapani purchased 25,000 shares of the stock in a transaction dated Tuesday, September 26th. The shares were bought at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.
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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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