Tiffany & Co. (NYSE:TIF) Director Michael Joseph Kowalski sold 39,809 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $104.11, for a total value of $4,144,514.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Tiffany & Co. (TIF) opened at $101.04 on Thursday. The company has a market capitalization of $12,560.00, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.18 and a beta of 1.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. Tiffany & Co. has a 52 week low of $84.15 and a 52 week high of $111.44.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. During the same period in the prior year, the business earned $0.76 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. analysts anticipate that Tiffany & Co. will post 4.08 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Albion Financial Group UT acquired a new position in Tiffany & Co. during the 4th quarter worth $212,000. Xact Kapitalforvaltning AB boosted its position in Tiffany & Co. by 10.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 16,263 shares of the specialty retailer’s stock worth $1,691,000 after acquiring an additional 1,569 shares during the period. Envestnet Asset Management Inc. boosted its position in Tiffany & Co. by 38.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the specialty retailer’s stock worth $259,000 after acquiring an additional 696 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd acquired a new position in Tiffany & Co. during the 4th quarter worth $8,641,000. Finally, Griffin Asset Management Inc. boosted its position in Tiffany & Co. by 15.5% during the 4th quarter. Griffin Asset Management Inc. now owns 14,465 shares of the specialty retailer’s stock worth $1,504,000 after acquiring an additional 1,940 shares during the period. Institutional investors own 81.34% of the company’s stock.
A number of brokerages have recently weighed in on TIF. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price target on Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. JPMorgan Chase & Co. began coverage on Tiffany & Co. in a report on Monday, December 18th. They issued a “neutral” rating and a $103.00 price target for the company. Finally, Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $92.00 to $115.00 in a report on Thursday, December 14th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $102.00.
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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