Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tiffany & Co. (TIF) Stock Price
News coverage about Tiffany & Co. (NYSE:TIF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tiffany & Co. earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.8564517495766 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Tiffany stock dives, as wedding ring buyers apparently flocking to Amazon (finance.yahoo.com)
- Why this diamond stock is not shining today: Tiffany & Co.(NYSE: TIF) (fxdailyreport.com)
- Tiffany Co. (TIF) Q4 Earnings Conference Call Transcript (finance.yahoo.com)
- The Biggest Loser: Tiffany Tumbles 5.1% (finance.yahoo.com)
- [$$] Don’t Be Fooled by Tiffany’s Slowdown (finance.yahoo.com)
TIF stock traded down $5.20 during trading on Friday, hitting $97.51. 8,236,567 shares of the stock were exchanged, compared to its average volume of 1,075,972. Tiffany & Co. has a 12-month low of $84.15 and a 12-month high of $111.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The company has a market cap of $12,118.25, a P/E ratio of 32.94, a PEG ratio of 2.05 and a beta of 1.78.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.05%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 67.57%.
Several analysts have commented on the stock. Guggenheim reiterated a “buy” rating and issued a $120.00 price target on shares of Tiffany & Co. in a research note on Friday. Loop Capital assumed coverage on shares of Tiffany & Co. in a research note on Thursday, March 8th. They issued a “hold” rating and a $103.00 price target on the stock. Credit Suisse Group assumed coverage on shares of Tiffany & Co. in a research note on Monday, March 12th. They issued an “outperform” rating and a $120.00 price target on the stock. Royal Bank of Canada set a $94.00 price target on shares of Tiffany & Co. and gave the stock a “hold” rating in a research note on Thursday, November 30th. Finally, Wells Fargo reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $106.11.
In other news, Director Michael Joseph Kowalski sold 3,806 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $102.53, for a total value of $390,229.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew W. Hart sold 40,251 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $109.22, for a total transaction of $4,396,214.22. Following the completion of the sale, the insider now owns 22,369 shares in the company, valued at $2,443,142.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,832 shares of company stock worth $14,611,214. Insiders own 1.40% of the company’s stock.
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About Tiffany & Co.
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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