Invictus RG purchased a new position in shares of Tiffany & Co. (NYSE:TIF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,501 shares of the specialty retailer’s stock, valued at approximately $364,000.
Several other large investors have also modified their holdings of the company. Calton & Associates Inc. bought a new position in Tiffany & Co. in the fourth quarter valued at approximately $118,000. Denali Advisors LLC bought a new stake in shares of Tiffany & Co. in the fourth quarter worth $125,000. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. in the fourth quarter worth $130,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Tiffany & Co. by 103.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 697 shares in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of Tiffany & Co. in the fourth quarter worth $208,000. Institutional investors own 83.26% of the company’s stock.
Tiffany & Co. (NYSE TIF) traded down $0.27 during trading hours on Wednesday, reaching $101.02. 1,230,901 shares of the company’s stock were exchanged, compared to its average volume of 1,230,000. The firm has a market cap of $12,550.00, a P/E ratio of 27.08, a PEG ratio of 2.11 and a beta of 1.78. 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 $84.15 and a twelve month high of $111.44.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s dividend payout ratio is presently 53.62%.
In other news, Director Michael Joseph Kowalski sold 3,806 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $102.53, for a total transaction of $390,229.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Philippe Galtie sold 24,758 shares of Tiffany & Co. stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the completion of the sale, the senior vice president now directly owns 10,813 shares of the company’s stock, valued at approximately $1,187,159.27. The disclosure for this sale can be found here. Insiders have sold a total of 135,832 shares of company stock valued at $14,611,214 in the last three months. Insiders own 1.30% of the company’s stock.
TIF has been the topic of several analyst reports. Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $92.00 to $115.00 in a research report on Thursday, December 14th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. began coverage on shares of Tiffany & Co. in a report on Monday, December 18th. They issued a “neutral” rating and a $103.00 price objective on the stock. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Monday, November 27th. Finally, Cowen set a $102.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $104.17.
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About Tiffany & Co.
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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