Andrew W. Hart Sells 2,665 Shares of Tiffany & Co. (NYSE:TIF) Stock

Tiffany & Co. (NYSE:TIF) insider Andrew W. Hart sold 2,665 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $90.53, for a total transaction of $241,262.45. Following the completion of the sale, the insider now directly owns 13,522 shares in the company, valued at approximately $1,224,146.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NYSE:TIF opened at $93.64 on Friday. The firm has a market cap of $11.17 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.60. The company has a 50 day moving average price of $93.86. The company has a quick ratio of 1.36, a current ratio of 4.17 and a debt-to-equity ratio of 0.58. Tiffany & Co. has a fifty-two week low of $73.04 and a fifty-two week high of $141.64.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Tuesday, June 4th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Tiffany & Co. had a return on equity of 18.11% and a net margin of 12.90%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business earned $1.14 EPS. Tiffany & Co.’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Tiffany & Co. will post 4.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 20th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.48%. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, June 19th. Tiffany & Co.’s dividend payout ratio is presently 50.22%.

Several equities research analysts have recently weighed in on TIF shares. Loop Capital upped their target price on shares of Tiffany & Co. to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. HSBC set a $122.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a report on Friday, June 14th. UBS Group set a $98.00 target price on shares of Tiffany & Co. and gave the stock a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research raised shares of Tiffany & Co. from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Bank of America reaffirmed a “neutral” rating and issued a $104.00 target price (up previously from $95.00) on shares of Tiffany & Co. in a report on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $112.93.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc grew its stake in shares of Tiffany & Co. by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 12,569,628 shares of the specialty retailer’s stock worth $1,621,105,000 after acquiring an additional 239,164 shares in the last quarter. Egerton Capital UK LLP bought a new position in shares of Tiffany & Co. during the 1st quarter worth approximately $327,249,000. FMR LLC grew its stake in shares of Tiffany & Co. by 12.5% during the 1st quarter. FMR LLC now owns 2,606,628 shares of the specialty retailer’s stock worth $275,129,000 after acquiring an additional 289,959 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Tiffany & Co. by 0.5% during the 1st quarter. OppenheimerFunds Inc. now owns 2,557,422 shares of the specialty retailer’s stock worth $269,936,000 after acquiring an additional 11,966 shares in the last quarter. Finally, Investec Asset Management LTD grew its stake in shares of Tiffany & Co. by 40.2% during the 4th quarter. Investec Asset Management LTD now owns 1,767,784 shares of the specialty retailer’s stock worth $142,324,000 after acquiring an additional 506,984 shares in the last quarter. 87.80% of the stock is owned by institutional investors and hedge funds.

Tiffany & Co. Company Profile

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

Featured Story: What is the Beige Book?

Insider Buying and Selling by Quarter for Tiffany & Co. (NYSE:TIF)

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.