Rathbone Brothers plc held its position in Tiffany & Co. (NYSE:TIF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,580 shares of the specialty retailer’s stock at the close of the 2nd quarter. Rathbone Brothers plc’s holdings in Tiffany & Co. were worth $1,369,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of TIF. Macquarie Group Ltd. increased its position in Tiffany & Co. by 325.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 1,300 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Tiffany & Co. by 4.0% in the 1st quarter. Nationwide Fund Advisors now owns 30,396 shares of the specialty retailer’s stock worth $2,897,000 after acquiring an additional 1,156 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Tiffany & Co. by 35.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,506 shares of the specialty retailer’s stock worth $620,000 after acquiring an additional 1,711 shares during the period. Shell Asset Management Co. boosted its holdings in Tiffany & Co. by 0.7% in the 1st quarter. Shell Asset Management Co. now owns 8,681 shares of the specialty retailer’s stock worth $827,000 after acquiring an additional 57 shares during the period. Finally, Strs Ohio boosted its holdings in Tiffany & Co. by 23.5% in the 1st quarter. Strs Ohio now owns 14,309 shares of the specialty retailer’s stock worth $1,363,000 after acquiring an additional 2,727 shares during the period. 79.76% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total transaction of $414,304,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pamela H. Cloud sold 37,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $93.52, for a total value of $3,460,240.00. Following the transaction, the insider now directly owns 47,261 shares of the company’s stock, valued at $4,419,848.72. The disclosure for this sale can be found here. Over the last three months, insiders acquired 241,064 shares of company stock valued at $21,467,464. Insiders own 1.40% of the company’s stock.
Several equities analysts have recently commented on TIF shares. Royal Bank Of Canada reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Friday, July 7th. Citigroup Inc. reduced their target price on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, May 25th. Cowen and Company reiterated an “outperform” rating and set a $107.00 target price on shares of Tiffany & Co. in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $105.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, May 24th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, May 24th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $92.81.
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Shares of Tiffany & Co. (TIF) traded down 0.71% during midday trading on Friday, reaching $90.30. The company’s stock had a trading volume of 603,286 shares. The stock has a 50-day moving average of $91.45 and a 200 day moving average of $91.91. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 24.52 and a beta of 1.91. Tiffany & Co. has a 12 month low of $70.55 and a 12 month high of $97.29.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $930.19 million. During the same period in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be paid 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 yield of 2.20%. Tiffany & Co.’s payout ratio is 54.35%.
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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