John S. Petterson Sells 37,000 Shares of Tiffany & Co. (TIF) Stock

Tiffany & Co. (NYSE:TIF) insider John S. Petterson sold 37,000 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $94.71, for a total transaction of $3,504,270.00. Following the completion of the transaction, the insider now owns 44,664 shares of the company’s stock, valued at approximately $4,230,127.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Tiffany & Co. (NYSE:TIF) traded up 0.64% during trading on Thursday, reaching $92.14. 914,836 shares of the company’s stock traded hands. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 25.95 and a beta of 1.89. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $97.29. The company has a 50 day moving average of $92.29 and a 200-day moving average of $82.21.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Friday, March 17th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. Equities analysts predict that Tiffany & Co. will post $3.96 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Monday, March 20th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 16th. Tiffany & Co.’s dividend payout ratio is 50.42%.

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A number of brokerages recently issued reports on TIF. Zacks Investment Research downgraded shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, March 16th. Jefferies Group LLC reiterated a “positive” rating and issued a $102.00 price target on shares of Tiffany & Co. in a research note on Wednesday, March 15th. Cowen and Company reiterated an “outperform” rating and issued a $91.00 price target on shares of Tiffany & Co. in a research note on Wednesday, February 22nd. Mizuho downgraded shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $74.00 in a research note on Monday, February 6th. Finally, Wells Fargo & Co upgraded shares of Tiffany & Co. from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $71.00 to $81.00 in a research note on Friday, January 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $88.34.

Several hedge funds and other institutional investors have recently made changes to their positions in TIF. State Street Corp increased its position in shares of Tiffany & Co. by 2.6% in the fourth quarter. State Street Corp now owns 4,872,273 shares of the specialty retailer’s stock worth $377,255,000 after buying an additional 121,512 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Tiffany & Co. by 25.6% in the fourth quarter. Franklin Resources Inc. now owns 4,284,780 shares of the specialty retailer’s stock worth $331,771,000 after buying an additional 874,396 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Tiffany & Co. by 0.8% in the third quarter. First Eagle Investment Management LLC now owns 3,905,747 shares of the specialty retailer’s stock worth $283,674,000 after buying an additional 29,593 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Tiffany & Co. by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,885,604 shares of the specialty retailer’s stock worth $209,581,000 after buying an additional 43,503 shares in the last quarter. Finally, FMR LLC increased its position in shares of Tiffany & Co. by 13.9% in the fourth quarter. FMR LLC now owns 2,446,337 shares of the specialty retailer’s stock worth $189,420,000 after buying an additional 299,036 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

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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