|Bid||129.41 x 900|
|Ask||134.49 x 900|
|Day's range||128.02 - 129.40|
|52-week range||78.60 - 134.42|
|Beta (5Y monthly)||1.25|
|PE ratio (TTM)||28.80|
|Earnings date||01-Jun-2020 - 07-Jun-2020|
|Forward dividend & yield||2.32 (1.81%)|
|1y target est||133.92|
Louis Vuitton owner LVMH said on Monday it would not buy Tiffany shares 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 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.
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.
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.
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 April 10, 2020 to shareholders of record on March 20, 2020. Future dividends are subject to declaration by the directors.
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.
Tiffany & Co. (NYSE: TIF) (the "Company") announced that at a special meeting of its stockholders held earlier today, the Company’s stockholders voted to approve the adoption of the previously announced Agreement and Plan of Merger, dated as of November 24, 2019 (as it may be amended from time to time, the "Merger Agreement"), by and among the Company, LVMH Moët Hennessy-Louis Vuitton SE ("LVMH"), Breakfast Holdings Acquisition Corp. and Breakfast Acquisition Corp. ("Merger Sub"), providing for the merger of Merger Sub with and into the Company (the "merger"), with the Company surviving the merger. Approximately 71.9 percent of the Company’s shares issued and outstanding as of the close of business on January 2, 2020, the record date for the special meeting, were present in person or by proxy at the meeting. Holders of approximately 71.3 percent of the Company’s shares issued and outstanding as of the close of business on the record date voted in favor of the proposal to adopt the Merger Agreement, representing approximately 99.3 percent of votes cast (excluding abstentions).
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:.
According to one top luxury executive, the sector can’t sustain its current rate of growth — and might need to consolidate further.
Warren Buffett isn’t looking to add something shiny to his portfolio, and Pauline Brown has an idea why.
WILMINGTON, Del., Jan. 02, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: Telaria, Inc. (NYSE: TLRA) regarding possible breaches of fiduciary duties.