News stories about Tiffany & Co. (NYSE:TIF) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tiffany & Co. earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.6186311931695 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- How Tiffany & Co. Is Adapting to a Shifting Luxury Market – Motley Fool (fool.com)
- Tiffany & Co to sparkle in Birmingham before Christmas – Professional Jeweller (professionaljeweller.com)
- Iconic jewellery brand Tiffany & Co. is opening 30 minutes from Coventry – Coventry Telegraph (coventrytelegraph.net)
- Iconic jewellery brand Tiffany & Co. is opening in the Bullring – Birmingham Post (birminghampost.co.uk)
A number of research firms have issued reports on TIF. HSBC Holdings plc raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $110.00 in a report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Cowen and Company reissued a “buy” rating on shares of Tiffany & Co. in a report on Sunday, September 17th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $94.91.
Shares of Tiffany & Co. (TIF) opened at 92.87 on Wednesday. The company has a market cap of $11.56 billion, a P/E ratio of 25.22 and a beta of 1.92. Tiffany & Co. has a one year low of $71.46 and a one year high of $97.29. The stock’s 50 day moving average is $91.30 and its 200-day moving average is $91.92.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. Tiffany & Co.’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Equities research analysts forecast that Tiffany & Co. will post $3.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 19th. This represents a $2.00 annualized dividend and a yield of 2.15%. Tiffany & Co.’s dividend payout ratio is currently 54.35%.
In related news, Director Robert S. Singer bought 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was acquired at an average cost of $88.13 per share, for a total transaction of $88,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francesco Trapani bought 35,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $89.34 per share, with a total value of $3,126,900.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 267,064 shares of company stock valued at $23,789,094. 1.30% of the stock is owned by corporate insiders.
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.
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