Signaturefd LLC boosted its stake in Tiffany & Co. (NYSE:TIF) by 6,690.6% during the second quarter, Holdings Channel reports. The institutional investor owned 2,173 shares of the company’s stock after buying an additional 2,141 shares during the period. Signaturefd LLC’s holdings in Tiffany & Co. were worth $132,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Cooke & Bieler LP purchased a new stake in shares of Tiffany & Co. during the second quarter valued at $20,072,000. Retirement Design & Management Inc. ADV bought a new stake in shares of Tiffany & Co. during the second quarter worth $615,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Tiffany & Co. by 1.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,276 shares of the company’s stock worth $683,000 after buying an additional 137 shares during the period. Advisory Services Network LLC boosted its stake in shares of Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock worth $114,000 after buying an additional 225 shares during the period. Finally, ING Groep NV bought a new stake in shares of Tiffany & Co. during the second quarter worth $235,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Shares of Tiffany & Co. (NYSE:TIF) traded down 0.23% during midday trading on Friday, hitting $72.65. 1,079,551 shares of the stock were exchanged. The stock has a market cap of $9.07 billion, a P/E ratio of 20.72 and a beta of 2.07. Tiffany & Co. has a 52-week low of $56.99 and a 52-week high of $84.19. The firm’s 50 day moving average price is $71.59 and its 200-day moving average price is $67.16.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company earned $932 million during the quarter, compared to the consensus estimate of $931.37 million. During the same period last year, the company earned $0.86 EPS. Tiffany & Co.’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts expect that Tiffany & Co. will post $3.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Tuesday, September 20th were issued a $0.45 dividend. The ex-dividend date was Friday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.48%. Tiffany & Co.’s payout ratio is 51.28%.
TIF has been the subject of a number of analyst reports. Morgan Stanley restated a “hold” rating on shares of Tiffany & Co. in a research note on Monday, August 15th. RBC Capital Markets reiterated a “sector perform” rating and set a $76.00 target price (up from $65.00) on shares of Tiffany & Co. in a research report on Sunday, August 28th. Nomura set a $76.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Monday, August 29th. Mizuho boosted their price target on shares of Tiffany & Co. from $72.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Finally, Credit Agricole SA initiated coverage on shares of Tiffany & Co. in a research report on Wednesday, September 28th. They issued an “outperform” rating and a $80.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $79.14.
In related news, insider Jean-Marc Bellaiche sold 775 shares of Tiffany & Co. stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $61.78, for a total value of $47,879.50. Following the completion of the sale, the insider now directly owns 2,179 shares in the company, valued at approximately $134,618.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Philippe Galtie sold 482 shares of Tiffany & Co. stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total value of $34,708.82. Following the completion of the sale, the senior vice president now owns 670 shares of the company’s stock, valued at $48,246.70. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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