AMP Capital Investors Ltd raised its holdings in Tiffany & Co. (NYSE:TIF) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,768 shares of the specialty retailer’s stock after purchasing an additional 2,969 shares during the quarter. AMP Capital Investors Ltd owned 0.06% of Tiffany & Co. worth $7,981,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in TIF. Calton & Associates Inc. acquired a new position in Tiffany & Co. in the 4th quarter valued at $118,000. Denali Advisors LLC acquired a new stake in shares of Tiffany & Co. during the 4th quarter worth $125,000. Sawyer & Company Inc acquired a new stake in shares of Tiffany & Co. during the 4th quarter worth $130,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Tiffany & Co. by 103.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after buying an additional 697 shares during the last quarter. Finally, Osborne Partners Capital Management LLC acquired a new stake in shares of Tiffany & Co. during the 4th quarter worth $208,000. 83.27% of the stock is currently owned by institutional investors.
In related news, SVP Philippe Galtie sold 24,758 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the completion of the sale, the senior vice president now directly owns 10,813 shares in the company, valued at $1,187,159.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Abby F. Kohnstamm sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $108.73, for a total transaction of $1,087,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 77,000 shares of company stock valued at $7,437,830 and sold 139,636 shares valued at $14,979,843. Company insiders own 1.40% of the company’s stock.
TIF traded down $2.54 on Friday, hitting $95.58. 2,686,836 shares of the company’s stock were exchanged, compared to its average volume of 2,425,521. The firm has a market cap of $11,878.40, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.95 and a beta of 1.77. Tiffany & Co. has a twelve month low of $84.15 and a twelve month high of $111.44. The company has a quick ratio of 2.39, a current ratio of 5.50 and a debt-to-equity ratio of 0.27.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, beating the consensus estimate of $1.63 by $0.04. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $1.45 earnings per share. Tiffany & Co.’s revenue was up 8.5% compared to the same quarter last year. research analysts anticipate that Tiffany & Co. will post 4.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 48.43%.
A number of analysts have recently commented on the company. Loop Capital upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Thursday. Guggenheim restated a “buy” rating on shares of Tiffany & Co. in a report on Thursday. Morgan Stanley upped their price objective on Tiffany & Co. from $83.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, March 19th. Cowen restated a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a report on Monday, March 19th. Finally, Credit Suisse Group began coverage on Tiffany & Co. in a report on Monday, March 12th. They set an “outperform” rating and a $120.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $107.47.
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About Tiffany & Co.
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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