Strs Ohio boosted its stake in Tiffany & Co. (NYSE:TIF) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,240 shares of the specialty retailer’s stock after buying an additional 570 shares during the period. Strs Ohio’s holdings in Tiffany & Co. were worth $2,311,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in Tiffany & Co. by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock valued at $3,455,000 after buying an additional 7,484 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Tiffany & Co. by 489.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,941 shares of the specialty retailer’s stock valued at $362,000 after buying an additional 3,272 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Tiffany & Co. in the 3rd quarter valued at about $274,000. Nationwide Fund Advisors grew its stake in Tiffany & Co. by 11.6% in the 3rd quarter. Nationwide Fund Advisors now owns 33,935 shares of the specialty retailer’s stock valued at $3,115,000 after buying an additional 3,539 shares during the last quarter. Finally, Investec Asset Management LTD grew its stake in Tiffany & Co. by 9.1% in the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock valued at $210,203,000 after buying an additional 191,783 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.
In other news, insider Andrew W. Hart sold 40,251 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $109.22, for a total transaction of $4,396,214.22. Following the completion of the sale, the insider now owns 22,369 shares of the company’s stock, valued at approximately $2,443,142.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philippe Galtie sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $109.48, for a total transaction of $180,423.04. Following the sale, the insider now directly owns 3,539 shares of the company’s stock, valued at approximately $387,449.72. The disclosure for this sale can be found here. Insiders sold a total of 92,217 shares of company stock valued at $10,076,469 in the last three months. Insiders own 1.40% of the company’s stock.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. The firm had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. equities research analysts expect that Tiffany & Co. will post 4.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is currently 53.62%.
TIF has been the topic of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Susquehanna Bancshares initiated coverage on shares of Tiffany & Co. in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price target on the stock. Wells Fargo & Co set a $96.00 price target on shares of Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Royal Bank of Canada upped their price target on shares of Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $102.00.
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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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