Sowell Financial Services LLC purchased a new stake in Tiffany & Co. (NYSE:TIF) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,789 shares of the specialty retailer’s stock, valued at approximately $487,000.
Other large investors have also bought and sold shares of the company. D L Carlson Investment Group Inc. bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $3,191,000. Bedell Frazier Investment Counseling LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $8,409,000. Unio Capital LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $515,000. PGGM Investments raised its holdings in shares of Tiffany & Co. by 259.0% in the 4th quarter. PGGM Investments now owns 179,300 shares of the specialty retailer’s stock valued at $18,638,000 after purchasing an additional 129,357 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter valued at about $382,000. Institutional investors and hedge funds own 81.49% of the company’s stock.
Shares of Tiffany & Co. stock opened at $129.21 on Friday. The company has a current ratio of 5.82, a quick ratio of 2.39 and a debt-to-equity ratio of 0.27. Tiffany & Co. has a 12-month low of $84.35 and a 12-month high of $129.93. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 2.45 and a beta of 1.75.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, May 23rd. The specialty retailer reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.31. Tiffany & Co. had a net margin of 9.75% and a return on equity of 17.61%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $959.20 million. During the same quarter in the prior year, the business posted $0.74 EPS. Tiffany & Co.’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts forecast that Tiffany & Co. will post 4.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Wednesday, June 20th will be paid a dividend of $0.55 per share. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $2.20 dividend on an annualized basis and a yield of 1.70%. Tiffany & Co.’s dividend payout ratio is presently 48.43%.
In related news, Director Francesco Trapani purchased 35,000 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were acquired at an average price of $94.66 per share, for a total transaction of $3,313,100.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Joseph Kowalski sold 3,806 shares of the company’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 disclosure for this sale can be found here. In the last 90 days, insiders have acquired 75,000 shares of company stock worth $7,238,850 and have sold 7,610 shares worth $758,859. Corporate insiders own 1.30% of the company’s stock.
Several research firms have recently commented on TIF. Royal Bank of Canada set a $126.00 price target on shares of Tiffany & Co. and gave the company a “hold” rating in a report on Friday. They noted that the move was a valuation call. Cowen boosted their price target on shares of Tiffany & Co. from $110.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. ValuEngine upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank reduced their price target on shares of Tiffany & Co. from $94.00 to $90.00 and set a “hold” rating for the company in a report on Thursday. Finally, Credit Suisse Group assumed coverage on shares of Tiffany & Co. in a report on Monday, March 12th. They issued an “outperform” rating and a $120.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $117.00.
Tiffany & Co. Company Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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