Tiffany Declares 50 Cent Quarterly Dividend

Ivan Schwartz
May 26, 2017

Tiffany & Co. also was the target of some unusual options trading activity on Tuesday. (NYSE:TIF) in a research note issued to investors on Wednesday morning.

TIF has been the subject of a number of research analyst reports. Of that group, no analysts rated Tiffany & Co.as a Moderate Buy, 8 analysts rated it as a Hold, and no analysts rated it as a Strong Sell. Finally, William Blair raised shares of Tiffany & Co. from a market perform rating to an outperform rating in a research note on Monday, March 20th. Cowen and Company restated an outperform rating and set a $91.00 price target on shares of Tiffany & Co.in a report on Wednesday, February 22nd. The rating was initiated by Mizuho with "Buy" on Wednesday, July 29. (NYSE:TIF), 13 have Buy rating, 0 Sell and 8 Hold. Tiffany & Co. presently has an average rating of Buy and a consensus price target of $92.03. The current share price indicates that stock is -12.60% away from its one year high and is moving 49.21% ahead of its 52-week low. (NYSE:TIF) traded up 1.09% during midday trading on Wednesday, reaching $85.96.

14 analysts on average are expecting the company to report revenue of $952.65 Million for the current quarter. The company has a market cap of $10.71 billion, a PE ratio of 24.21 and a beta of 1.89. Tiffany & Co. earned a media sentiment score of 0.08 on Alpha One's scale. This represents an increase of approximately 843% compared to the average volume of 851 put options. Comparatively, TIF posted earnings of $0.9 per share in the same quarter, a year earlier. The specialty retailer reported $0.74 EPS for the quarter, beating the Zacks' consensus estimate of $0.70 by $0.04. That value represents a market adjusting for revenues that have been growing by 1.31 % on a quarterly year/year basis as of the company's last quarterly report. During the same period in the previous year, the firm posted $0.64 earnings per share. The business's revenue was up.9% on a year-over-year basis. Equities analysts predict that Tiffany & Co. will post $3.97 EPS for the current year. If you are accessing this article on another domain, it was copied illegally and republished in violation of global copyright & trademark laws. If you are viewing this article on another site, it was copied illegally and republished in violation of US & worldwide copyright legislation. The dividend will be paid on July 10, 2017 to shareholders of record as of June 20, 2017. This is an increase from Tiffany & Co.'s previous quarterly dividend of $0.45. This declaration increases the quarterly dividend from $0.45 per share (or $1.80 annually) to the new rate of $0.50 per share (or $2.00 annually). Tiffany & Co.'s payout ratio is 50.42%. Alpha One also gave headlines about the specialty retailer an impact score of 63 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The stock has "Neutral" rating by Citigroup on Tuesday, March 15. The shares were sold at an average price of $94.91, for a total transaction of $711,825.00.

Rockland Trust Co increased Consolidated Edison Inc (NYSE:ED) stake by 4,223 shares to 54,057 valued at $3.98M in 2016Q4. The disclosure for this sale can be found here. Also, insider Winter Jennifer De sold 927 shares of the stock in a transaction on Friday, April 7th.

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Hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC now owns 3,905,747 shares of the specialty retailer's stock worth $283,674,000 after buying an additional 29,593 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Tiffany & Co.by 325.0% in the fourth quarter. Welch & Forbes LLC now owns 36,080 shares of the specialty retailer's stock worth $2,621,000 after buying an additional 6,160 shares during the period. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer's stock worth $104,000 after buying an additional 62 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Tiffany & Co.by 35.6% in the fourth quarter. Fifth Third Bancorp boosted its position in shares of Tiffany & Co.by 6.0% in the first quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer's stock valued at $199,000 after buying an additional 66 shares during the last quarter. The stock's 52-week range is $56.99 to $ 97.29, and its three-month range has been $84.15 to $97.29.

On 5/24/2017, Shares of Tiffany & Co.

Tiffany is the internationally-renowned jeweler founded in NY in 1837.

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