BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Tiffany & Co. (NYSE:TIF) by 8.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 69,144 shares of the specialty retailer’s stock after acquiring an additional 5,485 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of Tiffany & Co. worth $6,346,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. QS Investors LLC lifted its stake in Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 103 shares in the last quarter. Welch Group LLC increased its position in shares of Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 8 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in shares of Tiffany & Co. during the 2nd quarter worth approximately $201,000. Commerce Bank acquired a new position in shares of Tiffany & Co. during the 2nd quarter worth approximately $209,000. Finally, Pacer Advisors Inc. increased its position in shares of Tiffany & Co. by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock worth $213,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 81.19% of the company’s stock.
Tiffany & Co. (TIF) traded down $0.84 during mid-day trading on Wednesday, hitting $95.50. The company had a trading volume of 1,049,900 shares, compared to its average volume of 1,666,069. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The firm has a market cap of $11,972.88, a price-to-earnings ratio of 24.64, a PEG ratio of 2.24 and a beta of 1.93. Tiffany & Co. has a 1-year low of $76.08 and a 1-year high of $98.64.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. research analysts predict that Tiffany & Co. will post 3.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, December 19th. Tiffany & Co.’s payout ratio is presently 53.76%.
TIF has been the topic of several recent analyst reports. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Goldman Sachs Group lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $106.00 to $94.00 in a research report on Friday, September 22nd. Susquehanna Bancshares initiated coverage on Tiffany & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target on the stock. Finally, Cowen set a $102.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $98.69.
In other Tiffany & Co. news, Director Robert S. Singer bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average cost of $88.13 per share, with a total value of $88,130.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Francesco Trapani bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were acquired at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by 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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