Tiffany & Co. (TIF) Stake Increased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its position in shares of Tiffany & Co. (NYSE:TIF) by 837.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,134 shares of the specialty retailer’s stock after acquiring an additional 17,987 shares during the period. Cubist Systematic Strategies LLC’s holdings in Tiffany & Co. were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of TIF. Delphi Private Advisors LLC lifted its holdings in shares of Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 600 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Tiffany & Co. by 6.0% during the 1st quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 62 shares during the period. QS Investors LLC lifted its holdings in shares of Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares during the period. Welch Group LLC lifted its holdings 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 acquiring an additional 8 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Tiffany & Co. by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock worth $199,000 after acquiring an additional 66 shares during the period. 79.71% of the stock is owned by institutional investors.

Tiffany & Co. (TIF) traded down 0.016% during trading on Tuesday, hitting $93.425. 129,944 shares of the stock traded hands. The company has a 50-day moving average price of $91.16 and a 200-day moving average price of $91.94. The stock has a market cap of $11.63 billion, a PE ratio of 25.373 and a beta of 1.92. Tiffany & Co. has a 12 month low of $71.46 and a 12 month high of $97.29.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. Equities research analysts expect that Tiffany & Co. will post $3.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.14%. Tiffany & Co.’s payout ratio is 54.35%.

TIF has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub downgraded shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Sunday, September 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Tiffany & Co. presently has a consensus rating of “Buy” and a consensus target price of $94.91.

In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total value of $414,304,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer acquired 1,000 shares of the stock in a transaction dated Monday, September 25th. The stock was acquired at an average price of $88.13 per share, with a total value of $88,130.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 267,064 shares of company stock valued at $23,789,094. Company insiders own 1.30% of the company’s

Several other institutional investors have also recently modified their holdings of TIF. Delphi Private Advisors LLC lifted its holdings in shares of Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 600 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Tiffany & Co. by 6.0% during the 1st quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 62 shares during the period. QS Investors LLC lifted its holdings in shares of Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares during the period. Welch Group LLC lifted its holdings 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 acquiring an additional 8 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Tiffany & Co. by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock worth $199,000 after acquiring an additional 66 shares during the period. 79.71% of the stock is owned by institutional investors.

Tiffany & Co. (TIF) traded down 0.016% during trading on Tuesday, hitting $93.425. 129,944 shares of the stock traded hands. The company has a 50-day moving average price of $91.16 and a 200-day moving average price of $91.94. The stock has a market cap of $11.63 billion, a PE ratio of 25.373 and a beta of 1.92. Tiffany & Co. has a 12 month low of $71.46 and a 12 month high of $97.29.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. Equities research analysts expect that Tiffany & Co. will post $3.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.14%. Tiffany & Co.’s payout ratio is 54.35%.

TIF has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub downgraded shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Sunday, September 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Tiffany & Co. presently has a consensus rating of “Buy” and a consensus target price of $94.91.

In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total value of $414,304,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer acquired 1,000 shares of the stock in a transaction dated Monday, September 25th. The stock was acquired at an average price of $88.13 per share, with a total value of $88,130.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 267,064 shares of company stock valued at $23,789,094. Company insiders own 1.30% of the company’s stock.

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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.

Institutional Ownership by Quarter for Tiffany & Co. (NYSE:TIF)

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