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.
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.
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