Tiffany & Co. (NYSE:TIF) Director Francesco Trapani bought 76,064 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was purchased at an average price of $88.69 per share, for a total transaction of $6,746,116.16. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, August 30th, Francesco Trapani bought 56,064 shares of Tiffany & Co. stock. The stock was purchased at an average price of $88.03 per share, for a total transaction of $4,935,313.92.
  • On Monday, August 28th, Francesco Trapani bought 35,000 shares of Tiffany & Co. stock. The stock was purchased at an average price of $89.34 per share, for a total transaction of $3,126,900.00.
  • On Tuesday, August 29th, Francesco Trapani bought 48,936 shares of Tiffany & Co. stock. The stock was purchased at an average price of $89.16 per share, for a total transaction of $4,363,133.76.

Tiffany & Co. (TIF) traded up 1.06% on Friday, reaching $92.37. The company had a trading volume of 1,488,306 shares. The stock has a market capitalization of $11.50 billion, a P/E ratio of 25.09 and a beta of 1.92. The firm has a 50-day moving average of $91.36 and a 200-day moving average of $91.42. Tiffany & Co. has a 12 month low of $66.35 and a 12 month high of $97.29.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm had revenue of $960 million during the quarter, compared to the consensus estimate of $930.19 million. During the same period in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. Tiffany & Co.’s dividend payout ratio is presently 54.35%.

WARNING: “Tiffany & Co. (TIF) Director Purchases $6,746,116.16 in Stock” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/01/tiffany-co-tif-director-purchases-6746116-16-in-stock.html.

TIF has been the topic of several research reports. Goldman Sachs Group, Inc. (The) upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and raised their target price for the company from $82.00 to $107.00 in a research report on Friday, May 12th. Bank of America Corporation reiterated a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Cowen and Company reiterated an “outperform” rating and set a $107.00 price objective on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $92.81.

Hedge funds have recently made changes to their positions in the stock. Achmea Investment Management B.V. increased its stake in shares of Tiffany & Co. by 28.4% in the second quarter. Achmea Investment Management B.V. now owns 19,472 shares of the specialty retailer’s stock valued at $1,824,000 after buying an additional 4,308 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of Tiffany & Co. by 1.5% in the second quarter. Sentry Investment Management LLC now owns 45,630 shares of the specialty retailer’s stock valued at $4,283,000 after buying an additional 696 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Tiffany & Co. by 25.5% in the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock valued at $3,455,000 after buying an additional 7,484 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Tiffany & Co. by 159.8% in the second quarter. Advisory Services Network LLC now owns 3,634 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 2,235 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Tiffany & Co. during the second quarter valued at $1,286,000. Institutional investors own 79.70% of the company’s stock.

Tiffany & Co. Company Profile

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.