Deutsche Bank AG grew its stake in Tiffany & Co. (NYSE:TIF) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 331,884 shares of the specialty retailer’s stock after acquiring an additional 90,587 shares during the quarter. Deutsche Bank AG owned 0.27% of Tiffany & Co. worth $34,494,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in Tiffany & Co. in the fourth quarter worth $118,000. Denali Advisors LLC bought a new stake in Tiffany & Co. in the fourth quarter worth $125,000. Sawyer & Company Inc bought a new stake in Tiffany & Co. in the fourth quarter worth $130,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Tiffany & Co. by 103.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 697 shares in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in Tiffany & Co. in the fourth quarter worth $208,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tiffany & Co. (TIF) opened at $97.51 on Friday. The company has a market capitalization of $12,764.53, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.16 and a beta of 1.78. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 1 year low of $84.15 and a 1 year high of $111.44.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. Tiffany & Co.’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. equities analysts forecast that Tiffany & Co. will post 4.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.76%.
Several equities research analysts have commented on TIF shares. Guggenheim reissued a “buy” rating and issued a $120.00 target price on shares of Tiffany & Co. in a report on Friday. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Royal Bank of Canada set a $94.00 target price on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, November 30th. KeyCorp raised Tiffany & Co. from a “sector weight” rating to an “overweight” rating and boosted their target price for the stock from $94.50 to $115.00 in a report on Friday, December 1st. Finally, Wells Fargo reissued a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Tiffany & Co. has an average rating of “Buy” and a consensus target price of $106.11.
In other Tiffany & Co. news, SVP Philippe Galtie sold 24,758 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $109.79, for a total value of $2,718,180.82. Following the completion of the sale, the senior vice president now owns 10,813 shares in the company, valued at $1,187,159.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew W. Hart sold 40,251 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $109.22, for a total value of $4,396,214.22. Following the completion of the sale, the insider now owns 22,369 shares of the company’s stock, valued at approximately $2,443,142.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,832 shares of company stock valued at $14,611,214. 1.40% of the stock is owned by company insiders.
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Tiffany & Co. Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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