Parametric Portfolio Associates LLC boosted its holdings in shares of Tiffany & Co. (NYSE:TIF) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 499,306 shares of the specialty retailer’s stock after acquiring an additional 58,219 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.40% of Tiffany & Co. worth $45,826,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TIF. Sei Investments Co. boosted its position in shares of Tiffany & Co. by 215.0% during the second quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock worth $1,351,000 after buying an additional 9,822 shares during the period. Beach Investment Management LLC. purchased a new position in shares of Tiffany & Co. during the second quarter worth $795,000. Schwab Charles Investment Management Inc. boosted its position in shares of Tiffany & Co. by 2.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 364,115 shares of the specialty retailer’s stock worth $34,180,000 after buying an additional 8,017 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Tiffany & Co. by 31.5% during the second quarter. State of Wisconsin Investment Board now owns 105,194 shares of the specialty retailer’s stock worth $9,875,000 after buying an additional 25,190 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Tiffany & Co. by 4.3% during the second quarter. Legal & General Group Plc now owns 601,372 shares of the specialty retailer’s stock worth $56,451,000 after buying an additional 24,964 shares during the period. 81.12% of the stock is owned by institutional investors.
Several research analysts have recently commented on TIF shares. Needham & Company LLC restated a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. 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. Oppenheimer reiterated a “buy” rating and issued a $105.00 target price on shares of Tiffany & Co. in a report on Wednesday, November 29th. Royal Bank of Canada set a $94.00 target price on Tiffany & Co. and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Goldman Sachs Group lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $101.18.
Tiffany & Co. (NYSE TIF) traded up $1.00 on Friday, hitting $108.46. The stock had a trading volume of 1,119,700 shares, compared to its average volume of 1,630,000. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. Tiffany & Co. has a twelve month low of $77.15 and a twelve month high of $108.90. The firm has a market capitalization of $13,480.00, a PE ratio of 29.08, a P/E/G ratio of 2.47 and a beta of 1.93.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. equities research analysts forecast that Tiffany & Co. will post 3.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.62%.
Tiffany & Co. Company 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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