|Bid||0.00 x 1800|
|Ask||131.40 x 1200|
|Day's Range||131.21 - 131.39|
|52 Week Range||103.89 - 134.42|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||55.63|
|Earnings Date||Nov 24, 2020|
|Forward Dividend & Yield||2.32 (1.77%)|
|Ex-Dividend Date||Nov 30, 2020|
|1y Target Est||128.14|
The world's largest luxury company faces plunging sales this year -- but flickers of hope are appearing on the horizon.
Tiffany & Co. said Friday it will hold a virtual special shareholder meeting on Dec. 30, to allow a vote on an amended merger agreement with France's LVMH Moët Hennessy-Louis Vuitton SE . Shareholders of record as of close of business Nov. 30 will be entitled to vote at the meeting, the jewelry company said. The deal is expected to close early in 2021, based on the outcome of the vote. Tiffany agreed to accept a lower price from LVMH in October, after the deal was derailed by the coronavirus pandemic. LVMH will now pay $131.50 a share, down from an original price of $135 a share. Tiffany agreed to sell itself to the European consumer conglomerate late last year in a roughly $16.2 billion deal. LVMH, whose roughly 75 brands include Louis Vuitton and Bulgari, is aiming to expand in China where luxury goods are more in demand as a new middle class emerges with money to spend. Tiffany shares were not active premarket, but have fallen 1.6% in the year to date, while the S&P 500 has gained 12%.
Tiffany & Co. (NYSE: TIF) (the "Company") today announced that it will hold a special meeting of its stockholders on December 30, 2020, beginning at 9 a.m., local time. Due to public health concerns surrounding the novel coronavirus (COVID-19) and to prioritize the health and well-being of its employees, stockholders and other community members, the Company will hold the special meeting in a virtual meeting format only on www.virtualshareholdermeeting.com/TIF2020SM. You will not be able to attend the special meeting physically in person.