Tiffany & Co. (TIF) Director Purchases $3,126,900.00 in Stock
Tiffany & Co. (NYSE:TIF) Director Francesco Trapani purchased 35,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were acquired at an average price of $89.34 per share, with a total value of $3,126,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Francesco Trapani also recently made the following trade(s):
- On Tuesday, August 29th, Francesco Trapani purchased 48,936 shares of Tiffany & Co. stock. The shares were acquired at an average price of $89.16 per share, with a total value of $4,363,133.76.
Tiffany & Co. (TIF) traded down 0.71% during trading on Wednesday, reaching $87.65. 1,429,383 shares of the company were exchanged. The stock has a market capitalization of $10.91 billion, a P/E ratio of 23.80 and a beta of 1.92. The company’s 50-day moving average price is $91.69 and its 200-day moving average price is $91.16. Tiffany & Co. has a 1-year low of $66.35 and a 1-year high of $97.29.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960 million during the quarter, compared to the consensus estimate of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, equities analysts forecast that Tiffany & Co. will post $3.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is presently 54.35%.
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Several analysts have issued reports on the stock. BidaskClub lowered shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Needham & Company LLC restated a “hold” rating on shares of Tiffany & Co. in a research report on Friday, August 25th. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. set a $105.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Citigroup Inc. cut their price target on shares of Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $92.81.
Institutional investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp boosted its position in Tiffany & Co. by 0.5% in the first quarter. King Luther Capital Management Corp now owns 803,818 shares of the specialty retailer’s stock worth $76,604,000 after buying an additional 4,235 shares in the last quarter. Karp Capital Management Corp bought a new position in Tiffany & Co. during the first quarter worth $4,418,000. Palo Capital Inc. boosted its position in Tiffany & Co. by 1.3% in the second quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock worth $1,910,000 after buying an additional 259 shares in the last quarter. National Pension Service boosted its position in Tiffany & Co. by 10.1% in the second quarter. National Pension Service now owns 136,848 shares of the specialty retailer’s stock worth $12,661,000 after buying an additional 12,600 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Tiffany & Co. by 1.4% in the first quarter. Principal Financial Group Inc. now owns 162,416 shares of the specialty retailer’s stock worth $15,479,000 after buying an additional 2,289 shares in the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.
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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