Tiffany & Co. (TIF) Plans Quarterly Dividend of $0.45
Tiffany & Co. (NYSE:TIF) announced a quarterly dividend on Thursday, February 16th. Investors of record on Monday, March 20th will be paid a dividend of 0.45 per share on Monday, April 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%.
Shares of Tiffany & Co. (NYSE:TIF) traded down 0.26% during midday trading on Thursday, hitting $83.01. 1,668,834 shares of the company were exchanged. The company’s 50 day moving average price is $79.34 and its 200 day moving average price is $75.01. The firm has a market cap of $10.33 billion, a P/E ratio of 23.25 and a beta of 1.89. Tiffany & Co. has a one year low of $56.99 and a one year high of $85.44.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $949.30 million for the quarter. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities analysts expect that Tiffany & Co. will post $3.66 EPS for the current year.
In other news, insider Andrew W. Hart sold 1,367 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $77.98, for a total transaction of $106,598.66. Following the transaction, the insider now owns 4,654 shares of the company’s stock, valued at $362,918.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gross Victoria Berger sold 11,000 shares of the company’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $85.00, for a total value of $935,000.00. Following the transaction, the insider now directly owns 53,046 shares in the company, valued at approximately $4,508,910. The disclosure for this sale can be found here. Insiders have sold 33,871 shares of company stock worth $2,764,714 in the last ninety days. 1.40% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on the company. Telsey Advisory Group boosted their price objective on Tiffany & Co. from $83.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, November 30th. Mizuho set a $82.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research report on Tuesday, November 29th. Zacks Investment Research upgraded Tiffany & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. Wells Fargo & Company restated an “underperform” rating and set a $71.00 price objective (up from $65.00) on shares of Tiffany & Co. in a research report on Tuesday, November 29th. Finally, Nomura boosted their price objective on Tiffany & Co. from $76.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 30th. Twelve equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $81.79.
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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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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