Andra AP fonden raised its stake in shares of Tiffany & Co. (NYSE:TIF) by 17.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,800 shares of the specialty retailer’s stock after buying an additional 10,700 shares during the quarter. Andra AP fonden owned about 0.06% of Tiffany & Co. worth $9,131,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd grew its holdings in shares of Tiffany & Co. by 174.2% during the second quarter. Qube Research & Technologies Ltd now owns 998 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 634 shares in the last quarter. Hall Laurie J Trustee purchased a new stake in Tiffany & Co. in the second quarter worth approximately $197,000. Impax Asset Management LLC purchased a new stake in Tiffany & Co. in the second quarter worth approximately $206,000. Legacy Advisors LLC purchased a new stake in Tiffany & Co. in the second quarter worth approximately $214,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Tiffany & Co. by 266.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,629 shares of the specialty retailer’s stock worth $214,000 after buying an additional 1,184 shares in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.
Shares of TIF stock opened at $112.00 on Thursday. The company has a quick ratio of 2.09, a current ratio of 6.05 and a debt-to-equity ratio of 0.29. Tiffany & Co. has a fifty-two week low of $90.46 and a fifty-two week high of $141.64. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.35 and a beta of 1.75.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Tuesday, August 28th. The specialty retailer reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.16. Tiffany & Co. had a return on equity of 18.67% and a net margin of 10.16%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that Tiffany & Co. will post 4.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Thursday, September 20th were given a $0.55 dividend. The ex-dividend date was Wednesday, September 19th. This represents a $2.20 annualized dividend and a yield of 1.96%. Tiffany & Co.’s payout ratio is currently 53.27%.
In other Tiffany & Co. news, Director William A. Shutzer sold 250 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $126.29, for a total value of $31,572.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francesco Trapani acquired 5,000 shares of the stock in a transaction on Friday, August 31st. The stock was bought at an average price of $124.13 per share, with a total value of $620,650.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 60,000 shares of company stock valued at $7,435,050 and sold 22,148 shares valued at $2,839,461. Insiders own 1.30% of the company’s stock.
Several analysts have issued reports on TIF shares. UBS Group raised Tiffany & Co. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 12th. Credit Suisse Group upped their target price on Tiffany & Co. from $142.00 to $146.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 29th. Oppenheimer lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $145.00 target price for the company. in a research note on Friday, August 10th. Edward Jones lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Telsey Advisory Group upped their target price on Tiffany & Co. from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 27th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Tiffany & Co. presently has an average rating of “Buy” and an average price target of $131.75.
Tiffany & Co. Company Profile
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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