GSA Capital Partners LLP increased its position in shares of Tiffany & Co. (NYSE:TIF) by 115.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,435 shares of the specialty retailer’s stock after acquiring an additional 6,666 shares during the quarter. GSA Capital Partners LLP’s holdings in Tiffany & Co. were worth $1,604,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. United Services Automobile Association boosted its stake in Tiffany & Co. by 8.6% during the 3rd quarter. United Services Automobile Association now owns 141,833 shares of the specialty retailer’s stock worth $18,292,000 after acquiring an additional 11,221 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in Tiffany & Co. by 11.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 27,437 shares of the specialty retailer’s stock worth $3,538,000 after acquiring an additional 2,745 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Tiffany & Co. by 12.6% during the 3rd quarter. AMP Capital Investors Ltd now owns 78,631 shares of the specialty retailer’s stock worth $10,108,000 after acquiring an additional 8,817 shares during the last quarter. Blair William & Co. IL boosted its stake in Tiffany & Co. by 42.4% during the 3rd quarter. Blair William & Co. IL now owns 2,689 shares of the specialty retailer’s stock worth $347,000 after acquiring an additional 800 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Tiffany & Co. by 8.4% during the 3rd quarter. Brown Advisory Inc. now owns 10,268 shares of the specialty retailer’s stock worth $1,324,000 after acquiring an additional 793 shares during the last quarter. 79.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of TIF opened at $90.89 on Thursday. The firm has a market cap of $11.09 billion, a P/E ratio of 22.01, a PEG ratio of 1.74 and a beta of 1.72. Tiffany & Co. has a 1-year low of $89.03 and a 1-year high of $141.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.84 and a current ratio of 5.86.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post 4.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Thursday, December 20th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. Tiffany & Co.’s dividend payout ratio (DPR) is 53.27%.
In other Tiffany & Co. news, Director Lawrence K. Fish sold 7,000 shares of Tiffany & Co. stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $129.40, for a total transaction of $905,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William A. Shutzer sold 250 shares of Tiffany & Co. stock in a transaction on Monday, September 17th. The stock was sold at an average price of $126.29, for a total transaction of $31,572.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,148 shares of company stock valued at $2,839,461. Company insiders own 1.30% of the company’s stock.
Several research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Tiffany & Co. to $105.00 and set a “market perform” rating on the stock in a research note on Thursday, November 29th. Morgan Stanley dropped their target price on shares of Tiffany & Co. from $126.00 to $96.00 and set an “equal weight” rating on the stock in a report on Thursday, November 29th. ValuEngine upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Bank of America set a $105.00 target price on shares of Tiffany & Co. and gave the stock a “neutral” rating in a report on Thursday, November 29th. Finally, KeyCorp dropped their target price on shares of Tiffany & Co. from $150.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, November 29th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Tiffany & Co. currently has a consensus rating of “Buy” and a consensus target price of $121.52.
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Tiffany & Co. 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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