Gofen & Glossberg LLC IL purchased a new stake in Tiffany & Co. (NYSE:TIF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 61,504 shares of the specialty retailer’s stock, valued at approximately $8,094,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cim LLC acquired a new stake in shares of Tiffany & Co. in the 2nd quarter valued at approximately $245,000. Albion Financial Group UT acquired a new stake in shares of Tiffany & Co. in the 4th quarter valued at approximately $212,000. Mission Wealth Management LP acquired a new stake in shares of Tiffany & Co. in the 1st quarter valued at approximately $205,000. Koch Industries Inc. acquired a new stake in shares of Tiffany & Co. in the 4th quarter valued at approximately $235,000. Finally, IBM Retirement Fund acquired a new stake in shares of Tiffany & Co. in the 1st quarter valued at approximately $231,000. Institutional investors own 81.54% of the company’s stock.
A number of equities research analysts have recently weighed in on TIF shares. Guggenheim restated a “buy” rating on shares of Tiffany & Co. in a research note on Thursday, April 5th. Telsey Advisory Group raised their price target on shares of Tiffany & Co. from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, June 27th. Morgan Stanley raised their price target on shares of Tiffany & Co. from $94.00 to $126.00 and gave the company an “equal weight” rating in a research note on Thursday, May 24th. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research note on Monday, May 28th. Finally, Loop Capital upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, April 5th. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $126.00.
Tiffany & Co. stock opened at $131.32 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.82 and a quick ratio of 2.43. Tiffany & Co. has a 52-week low of $86.15 and a 52-week high of $137.97. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.39 and a beta of 1.80.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, May 23rd. The specialty retailer reported $1.14 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $959.20 million. During the same quarter last year, the business earned $0.74 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. analysts forecast that Tiffany & Co. will post 4.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 10th. Shareholders of record on Wednesday, June 20th were issued 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 was Tuesday, June 19th. This represents a $2.20 annualized dividend and a yield of 1.68%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.27%.
In other Tiffany & Co. news, insider Leigh M. Harlan sold 4,046 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $129.01, for a total transaction of $521,974.46. Following the completion of the transaction, the insider now owns 9,916 shares in the company, valued at approximately $1,279,263.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gretchen Koback-Pursel sold 881 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $133.66, for a total transaction of $117,754.46. Following the transaction, the insider now owns 883 shares of the company’s stock, valued at approximately $118,021.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,407 shares of company stock valued at $9,389,318. Company insiders own 1.30% of the company’s stock.
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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