Front Barnett Associates LLC reduced its stake in shares of Tiffany & Co. (NYSE:TIF) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,880 shares of the specialty retailer’s stock after selling 2,900 shares during the quarter. Front Barnett Associates LLC’s holdings in Tiffany & Co. were worth $2,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its holdings in Tiffany & Co. by 3.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 107,356 shares of the specialty retailer’s stock valued at $9,946,000 after buying an additional 3,528 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Tiffany & Co. by 5.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,086,887 shares of the specialty retailer’s stock valued at $382,696,000 after buying an additional 214,139 shares in the last quarter. Alberta Investment Management Corp grew its holdings in Tiffany & Co. by 22.8% during the 2nd quarter. Alberta Investment Management Corp now owns 92,700 shares of the specialty retailer’s stock valued at $8,680,000 after buying an additional 17,200 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in Tiffany & Co. during the 2nd quarter valued at approximately $630,000. Finally, York Capital Management Global Advisors LLC purchased a new stake in Tiffany & Co. during the 2nd quarter valued at approximately $17,920,000. 90.68% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Tiffany & Co. from a “hold” rating to a “sell” rating and set a $138.00 price objective for the company. in a report on Sunday, November 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Monday, October 28th. KeyCorp raised their target price on shares of Tiffany & Co. from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Deutsche Bank lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Guggenheim raised their target price on shares of Tiffany & Co. from $118.00 to $145.00 in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $116.95.
Shares of TIF stock traded up $0.67 on Friday, reaching $125.67. The company’s stock had a trading volume of 4,610,191 shares, compared to its average volume of 2,017,384. The stock’s fifty day simple moving average is $98.89 and its 200-day simple moving average is $94.78. Tiffany & Co. has a 1 year low of $73.04 and a 1 year high of $130.40. The company has a current ratio of 4.22, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.35 and a beta of 1.66.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. Tiffany & Co. had a return on equity of 17.67% and a net margin of 12.79%. Tiffany & Co.’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. Equities research analysts forecast that Tiffany & Co. will post 4.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 20th were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $2.32 dividend on an annualized basis and a yield of 1.85%. Tiffany & Co.’s dividend payout ratio is presently 50.22%.
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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.
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