Shares of Tiffany & Co. (NYSE:TIF) were down 2.5% on Friday . The company traded as low as $61.20 and last traded at $61.22, with a volume of 1,003,378 shares trading hands. The stock had previously closed at $62.79.

A number of analysts recently weighed in on TIF shares. Vetr raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $74.17 target price on the stock in a research note on Monday, March 21st. Zacks Investment Research raised shares of Tiffany & Co. from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Morgan Stanley initiated coverage on shares of Tiffany & Co. in a research note on Tuesday, April 12th. They set a “hold” rating on the stock. Cowen and Company reaffirmed a “hold” rating and set a $68.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, June 1st. Finally, Nomura Holdings Inc. reaffirmed a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tiffany & Co. presently has a consensus rating of “Hold” and an average target price of $80.77.

The company’s 50 day moving average price is $61.54 and its 200 day moving average price is $66.71. The stock has a market capitalization of $7.72 billion and a PE ratio of 17.65.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, May 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The firm earned $891 million during the quarter, compared to analyst estimates of $914.97 million. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. On average, equities analysts expect that Tiffany & Co. will post $3.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Monday, June 20th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.40.

In related news, Director Peter W. May sold 14,260 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $63.01, for a total transaction of $898,522.60. Following the transaction, the director now owns 8,269 shares in the company, valued at approximately $521,029.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Trian Fund Management, L.P. bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were bought at an average price of $63.01 per share, for a total transaction of $441,070.00. Following the transaction, the insider now directly owns 8,269 shares in the company, valued at $521,029.69. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Stevens Capital Management LP increased its position in Tiffany & Co. by 268.9% in the fourth quarter. Stevens Capital Management LP now owns 13,989 shares of the company’s stock worth $1,067,000 after buying an additional 10,197 shares during the last quarter. Alpine Woods Capital Investors LLC increased its position in Tiffany & Co. by 37.3% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 14,710 shares of the company’s stock worth $1,122,000 after buying an additional 4,000 shares during the last quarter. Westbourne Investment Advisors Inc. increased its position in Tiffany & Co. by 23.5% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 14,775 shares of the company’s stock worth $1,127,000 after buying an additional 2,815 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Tiffany & Co. by 224.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 16,067 shares of the company’s stock worth $1,226,000 after buying an additional 11,112 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Tiffany & Co. by 5.5% in the fourth quarter. ProShare Advisors LLC now owns 16,250 shares of the company’s stock worth $1,240,000 after buying an additional 852 shares during the last quarter.

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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.

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