Tiffany increases dividend 12% to 38c The board of Tiffany & Co. declared a regular quarterly dividend of 38c per share of common stock, reflecting a 12% increase in the quarterly rate from 34c per share. The dividend will be paid on July 10 to stockholders of record on June 20.
Tiffany downgraded to Outperform from Buy at CLSA CLSA downgraded Tiffany to Outperform from Buy due to reduced Mainland Chinese tourism to Hong Kong, where 7% of sales are at risk. Price target is $101.
Goldman sees select Apparel and Footwear opportunities due to FX risk Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.