Mackenzie Financial Corp acquired a new stake in Tiffany & Co. (NYSE:TIF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 65,891 shares of the specialty retailer’s stock, valued at approximately $6,849,000. Mackenzie Financial Corp owned about 0.05% of Tiffany & Co. as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TIF. Nationwide Fund Advisors lifted its position in shares of Tiffany & Co. by 11.6% in the third quarter. Nationwide Fund Advisors now owns 33,935 shares of the specialty retailer’s stock valued at $3,115,000 after buying an additional 3,539 shares during the last quarter. Aperio Group LLC lifted its position in shares of Tiffany & Co. by 4.2% in the third quarter. Aperio Group LLC now owns 50,654 shares of the specialty retailer’s stock valued at $4,649,000 after buying an additional 2,030 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Tiffany & Co. by 23.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,920 shares of the specialty retailer’s stock valued at $1,553,000 after buying an additional 3,229 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Tiffany & Co. in the third quarter valued at approximately $802,000. Finally, Westpac Banking Corp lifted its position in shares of Tiffany & Co. by 57.6% in the third quarter. Westpac Banking Corp now owns 28,726 shares of the specialty retailer’s stock valued at $2,636,000 after buying an additional 10,498 shares during the last quarter. 83.26% of the stock is owned by institutional investors.
In other Tiffany & Co. news, SVP Philippe Galtie sold 24,758 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the transaction, the senior vice president now owns 10,813 shares in the company, valued at approximately $1,187,159.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean-Marc Bellaiche sold 9,170 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $109.47, for a total value of $1,003,839.90. Following the transaction, the insider now owns 14,183 shares in the company, valued at approximately $1,552,613.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,832 shares of company stock worth $14,611,214. Corporate insiders own 1.30% of the company’s stock.
Tiffany & Co. (TIF) traded down $0.27 during trading on Wednesday, reaching $101.02. The company’s stock had a trading volume of 1,230,901 shares, compared to its average volume of 1,375,678. Tiffany & Co. has a 12-month low of $84.15 and a 12-month high of $111.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The company has a market cap of $12,590.00, a price-to-earnings ratio of 27.07, a PEG ratio of 2.11 and a beta of 1.78.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.98%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.62%.
A number of research firms have recently issued reports on TIF. Loop Capital began coverage on Tiffany & Co. in a research report on Thursday, March 8th. They issued a “hold” rating and a $103.00 price objective for the company. Credit Suisse Group began coverage on Tiffany & Co. in a report on Monday. They set an “outperform” rating and a $120.00 price target for the company. Royal Bank of Canada set a $94.00 price target on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, November 30th. Wells Fargo & Co reissued a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, January 17th. Finally, Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $104.17.
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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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