Tiffany & Co. (NYSE:TIF) – Investment analysts at KeyCorp issued their FY2020 earnings per share (EPS) estimates for Tiffany & Co. in a note issued to investors on Sunday. KeyCorp analyst E. Yruma expects that the specialty retailer will post earnings per share of $4.80 for the year. KeyCorp currently has a “Overweight” rating and a $115.00 target price on the stock.
A number of other equities research analysts also recently commented on TIF. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Monday, November 27th. Cowen set a $102.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research report on Thursday, November 30th. SBG Securities downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Royal Bank of Canada set a $94.00 target price on Tiffany & Co. and gave the stock a “hold” rating in a research report on Thursday, November 30th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $105.89.
Tiffany & Co. (TIF) traded up $0.09 during trading hours on Tuesday, hitting $97.71. The company had a trading volume of 1,332,347 shares, compared to its average volume of 1,535,858. The company has a quick ratio of 2.39, a current ratio of 5.50 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $12,118.29, a P/E ratio of 33.02, a P/E/G ratio of 1.99 and a beta of 1.78. Tiffany & Co. has a 12 month low of $84.15 and a 12 month high of $111.44.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.04. Tiffany & Co. had a return on equity of 16.32% and a net margin of 8.87%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis.
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 paid a dividend of $0.50 per share. 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 is 67.57%.
In other news, Director Michael Joseph Kowalski sold 3,806 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $102.53, for a total transaction of $390,229.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Philippe Galtie sold 24,758 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $109.79, for a total value of $2,718,180.82. Following the transaction, the senior vice president now directly owns 10,813 shares in the company, valued at approximately $1,187,159.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,832 shares of company stock worth $14,611,214. Insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new position in shares of Tiffany & Co. during the fourth quarter valued at approximately $118,000. Denali Advisors LLC purchased a new stake in Tiffany & Co. during the fourth quarter worth $125,000. Sawyer & Company Inc purchased a new stake in Tiffany & Co. during the fourth quarter worth $130,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Tiffany & Co. by 103.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after buying an additional 697 shares during the period. Finally, Osborne Partners Capital Management LLC purchased a new stake in Tiffany & Co. during the fourth quarter worth $208,000. 83.17% of the stock is currently owned by hedge funds and other institutional investors.
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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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