Insider Buying: Tiffany & Co. (TIF) Director Acquires $620,650.00 in Stock

Share on StockTwits

Tiffany & Co. (NYSE:TIF) Director Francesco Trapani acquired 5,000 shares of Tiffany & Co. stock in a transaction that occurred on Friday, August 31st. The shares were purchased at an average price of $124.13 per share, for a total transaction of $620,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Francesco Trapani also recently made the following trade(s):

  • On Friday, September 7th, Francesco Trapani acquired 40,000 shares of Tiffany & Co. stock. The shares were purchased at an average price of $124.25 per share, for a total transaction of $4,970,000.00.
  • On Wednesday, September 5th, Francesco Trapani acquired 15,000 shares of Tiffany & Co. stock. The shares were purchased at an average price of $122.96 per share, for a total transaction of $1,844,400.00.

TIF stock opened at $122.87 on Friday. The company has a current ratio of 6.05, a quick ratio of 2.43 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 2.21 and a beta of 1.74. Tiffany & Co. has a 1 year low of $86.15 and a 1 year high of $141.64.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Tuesday, August 28th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Tiffany & Co. had a return on equity of 18.67% and a net margin of 10.16%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. analysts predict that Tiffany & Co. will post 4.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Thursday, September 20th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, September 19th. Tiffany & Co.’s payout ratio is 53.27%.

TIF has been the topic of several research analyst reports. Telsey Advisory Group raised their price objective on Tiffany & Co. from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, May 24th. Deutsche Bank reduced their price objective on Tiffany & Co. from $94.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, May 24th. Oppenheimer raised their price objective on Tiffany & Co. to $145.00 and gave the stock an “outperform” rating in a research note on Friday, June 1st. Cowen raised their price objective on Tiffany & Co. from $110.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 23rd. Finally, Credit Suisse Group raised their price objective on Tiffany & Co. from $142.00 to $146.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 29th. Fourteen investment 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 “Hold” and a consensus price target of $131.00.

Hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd increased its holdings in shares of Tiffany & Co. by 174.2% during the second quarter. Qube Research & Technologies Ltd now owns 998 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 634 shares during the period. Hall Laurie J Trustee acquired a new position in shares of Tiffany & Co. during the second quarter valued at $197,000. Mission Wealth Management LP acquired a new position in shares of Tiffany & Co. during the first quarter valued at $205,000. Impax Asset Management LLC acquired a new position in shares of Tiffany & Co. during the second quarter valued at $206,000. Finally, Legacy Advisors LLC acquired a new position in shares of Tiffany & Co. during the second quarter valued at $214,000. Institutional investors own 78.51% of the company’s stock.

About Tiffany & Co.

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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

Featured Article: Short Selling Stocks and Day Traders

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.

Leave a Reply