127.93 -0.20 (-0.16%)
After hours: 5:09PM EDT
|Bid||127.50 x 1400|
|Ask||128.01 x 800|
|Day's range||127.35 - 128.38|
|52-week range||78.60 - 134.42|
|Beta (5Y monthly)||1.04|
|PE ratio (TTM)||28.79|
|Earnings date||02 Jun 2020 - 08 Jun 2020|
|Forward dividend & yield||2.32 (1.82%)|
|Ex-dividend date||19 Jun 2020|
|1y target est||133.92|
The Board of Directors of Tiffany & Co. (NYSE: TIF) has declared a regular quarterly dividend of $0.58 per share of Common Stock. The dividend will be paid on July 10, 2020 to shareholders of record on June 22, 2020. Future dividends are subject to declaration by the directors.
Tiffany & Co. (NYSE: TIF) (the "Company") announced today that it is changing the format of its 2020 annual meeting of shareholders (the "2020 Annual Meeting") from an in-person meeting to a virtual one due to public health concerns surrounding the outbreak of the novel coronavirus (COVID-19) and to prioritize the health and well-being of its employees, shareholders and other community members. The original date and time of the 2020 Annual Meeting, as well as the matters to be voted on at the 2020 Annual Meeting, remain unchanged.
The France-based owner of luxury brands such as Louis Vuitton offered to buy Tiffany for $16.2 billion last November, and the deal is expected to close mid-2020. Tiffany said it still aimed to close the deal by that time, subject to the review by the Australian Foreign Investment Review Board (FIRB). The FIRB is experiencing delays in processing transactions and requested extending the statutory review deadline of April 8 to until Oct. 6, which LVMH has accepted, according to a regulatory filing https://www.sec.gov/ix?doc=/Archives/edgar/data/98246/000156459020015787/tif-8k_20200407.htm.
Louis Vuitton owner LVMH <LVMH.PA> said on Monday it would not buy Tiffany shares <TIF.N> on the open market, a move that would have potentially enabled it to pursue its agreement to buy the U.S. jeweller at a lower price than the one agreed last year. Bloomberg reported last week that the French luxury goods group was now considering buying shares in Tiffany on the market, following its deal last November to buy the company for $16.2 billion, or $135 a share. "Rumours circulated recently indicating that LVMH would consider buying Tiffany shares on the open market," the company said in a statement.
Tiffany, which is being bought by French luxury goods giant LVMH <LVMH.PA> for $16.2 billion (13.7 billion pounds), said the coronavirus epidemic has had a significant effect on its performance so far in 2020. Tiffany did not give a forecast for its current fiscal year, citing the pending acquisition by LVMH. Tiffany shares were up 1.5% at $127.99 in pre-market trading.
Tiffany (TIF) delivered earnings and revenue surprises of 4.65% and -0.15%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Tiffany & Co. (NYSE: TIF; the "Company") today reported its financial results for the three months ("fourth quarter") and 12 months ("full year") ended January 31, 2020. Net sales increased 3% in the fourth quarter and were approximately unchanged in the full year, as compared to the respective prior year periods.
According to the Bloomberg report, LVMH has discussed the plan with Tiffany's board, which could give the potential transaction a green signal after reporting quarterly results. Tiffany is due to report its results on Friday. LVMH is yet to make a decision on the transaction and is discussing potential legal hurdles to the idea, the report said.
Its economic impact now has investors doubting whether many companies which shook on mergers and acquisitions will see them completed. Traders and fund managers say the spread between agreed deal prices and subsequent trading in the stock of the acquisition targets is the widest they have ever come across. "I have been doing this for 25 years, and I have never seen panic like this coming out of merger arbitrage spreads," said Roy Behren, managing member of Westchester Capital Management, which has $4.1 billion in assets under management, most of it invested in merger arbitrage.
Luxury jeweler Tiffany & Co <TIF.N> said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus. Also on Tuesday, Macy's Inc <M.N>, L Brands Inc <LB.N>, Ralph Lauren <RL.N> and American Eagle Outfitters <AEO.N> announced temporary store closures, joining a spate of retailers, including Nike Inc <NKE.N> and Nordstrom Inc <JWN.N>, which have made similar announcements in recent days.
Tiffany (TIF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Louis Vuitton owner LVMH is poised to raise a larger than expected 9.3 billion euros ($10.2 billion) from bond markets on Wednesday to help to finance its purchase of U.S. jeweller Tiffany & Co.. The company is also set to achieve an extremely attractive funding rate with a portion of the debt likely to carry a negative yield, by Reuters calculations, potentially providing encouragement for other companies planning acquisitions. LVMH and Tiffany announced in November that the French luxury goods giant had agreed to acquire the U.S.-listed jeweller for $135 a share in a transaction that valued Tiffany at about $16.2 billion.
WILMINGTON, Del., Jan. 23, 2020 -- Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District.
NEW YORK, Jan. 20, 2020 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Tiffany & Co. (NYSE: TIF)The.
WILMINGTON, Del., Jan. 09, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: IBERIABANK Corporation (NASDAQ GS: IBKC) regarding possible breaches of.
NEW YORK, Jan. 06, 2020 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Continental Building Products, Inc. (NYSE:.
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WILMINGTON, Del., Jan. 02, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: Telaria, Inc. (NYSE: TLRA) regarding possible breaches of fiduciary duties.
WILMINGTON, Del., Dec. 28, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Synthorx, Inc. (NASDAQ GS: THOR) regarding possible breaches of fiduciary.