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

Several equities research analysts have weighed in on TIF shares. Nomura Holdings Inc. reissued a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, April 13th. Jefferies Group started coverage on shares of Tiffany & Co. in a research report on Wednesday, April 13th. They set a “buy” rating for the company. Mizuho reissued a “buy” rating and set a $80.00 price target on shares of Tiffany & Co. in a research report on Wednesday, April 13th. SBG Securities raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, March 22nd. Finally, Vetr raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $74.17 price target for the company in a research report on Monday, March 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $80.77.

The firm’s 50-day moving average is $61.51 and its 200 day moving average is $66.60. The stock has a market cap of $7.72 billion and a price-to-earnings ratio of 17.65.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 25th. The company reported $0.69 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 the consensus estimate of $914.97 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, analysts forecast that Tiffany & Co. will post $3.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 20th were issued 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 yield of 2.94%. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.40.

In other news, Director Peter W. May sold 14,260 shares of the company’s stock in a transaction dated 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 $521,029.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Trian Fund Management, L.P. acquired 7,000 shares of the business’s stock in a transaction dated 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 acquisition, the insider now owns 8,269 shares of the company’s stock, valued at $521,029.69. The disclosure for this purchase can be found here.

Several institutional investors recently bought and sold shares of TIF. 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 valued at $1,067,000 after buying an additional 10,197 shares during the period. 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 valued at $1,122,000 after buying an additional 4,000 shares during the period. 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 valued at $1,127,000 after buying an additional 2,815 shares during the period. 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 valued at $1,226,000 after buying an additional 11,112 shares during the period. 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 valued at $1,240,000 after buying an additional 852 shares during the period.

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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