Twin Tree Management LP increased its stake in shares of Tiffany & Co. (NYSE:TIF) by 84.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,842 shares of the specialty retailer’s stock after purchasing an additional 3,131 shares during the quarter. Twin Tree Management LP’s holdings in Tiffany & Co. were worth $642,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Delphi Private Advisors LLC grew its stake in Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 600 shares in the last quarter. Fifth Third Bancorp grew its stake in Tiffany & Co. by 6.0% during the 1st quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 62 shares in the last quarter. IFP Advisors Inc grew its stake in Tiffany & Co. by 66.9% during the 1st quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after purchasing an additional 496 shares in the last quarter. Macquarie Group Ltd. grew its stake 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. Finally, Advisory Services Network LLC acquired a new position in Tiffany & Co. during the 1st quarter worth $133,000. 79.76% of the stock is owned by hedge funds and other institutional investors.
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In related news, insider Pamela H. Cloud sold 37,000 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the completion of the transaction, the insider now owns 47,261 shares in the company, valued at $4,419,848.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francesco Trapani bought 56,064 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average price of $88.03 per share, with a total value of $4,935,313.92. The disclosure for this purchase can be found here. Insiders have purchased 241,064 shares of company stock valued at $21,467,464 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
Shares of Tiffany & Co. (NYSE:TIF) traded down 0.57% during trading on Friday, reaching $90.43. The company had a trading volume of 1,762,809 shares. Tiffany & Co. has a 52-week low of $70.55 and a 52-week high of $97.29. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 24.56 and a beta of 1.91. The stock has a 50 day moving average of $91.45 and a 200 day moving average of $91.91.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Tiffany & Co. will post $3.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, September 19th. Tiffany & Co.’s payout ratio is 54.35%.
Several research analysts recently commented on the company. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Tiffany & Co. in a research note on Friday, September 8th. Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a research note on Friday, August 25th. Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, BidaskClub downgraded Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $92.81.
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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