Macquarie Group Ltd. continued to hold its stake in shares of Tiffany & Co. (NYSE:TIF) during the second quarter, Holdings Channel reports. The firm owned 3,100 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Tiffany & Co. were worth $188,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Tiffany & Co. during the second quarter worth $103,000. Advisory Services Network LLC raised its position 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 last quarter. Pacer Advisors Inc. raised its position in shares of Tiffany & Co. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 2,051 shares of the company’s stock worth $124,000 after buying an additional 184 shares during the last quarter. Signaturefd LLC raised its position in shares of Tiffany & Co. by 6,690.6% in the second quarter. Signaturefd LLC now owns 2,173 shares of the company’s stock worth $132,000 after buying an additional 2,141 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Tiffany & Co. by 397.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,654 shares of the company’s stock worth $161,000 after buying an additional 2,121 shares during the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.
Shares of Tiffany & Co. (NYSE:TIF) opened at 71.71 on Tuesday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 20.45 and a beta of 2.07. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $84.19. The stock’s 50 day moving average is $70.51 and its 200 day moving average is $66.98.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.90%. The company had revenue of $932 million for the quarter, compared to the consensus estimate of $931.37 million. During the same period in the prior year, the firm posted $0.86 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities analysts predict that Tiffany & Co. will post $3.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Tuesday, September 20th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, September 16th. Tiffany & Co.’s dividend payout ratio is presently 51.28%.
TIF has been the subject of a number of analyst reports. Morgan Stanley reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Monday, August 15th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $76.00 price target (up previously from $65.00) on shares of Tiffany & Co. in a report on Sunday, August 28th. Nomura set a $76.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Monday, August 29th. Mizuho increased their price target on shares of Tiffany & Co. from $72.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, August 23rd. Finally, Credit Agricole SA initiated coverage on shares of Tiffany & Co. in a report on Wednesday, September 28th. They issued an “outperform” rating and a $80.00 price target for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and an average price target of $79.14.
In other Tiffany & Co. news, insider Jean-Marc Bellaiche sold 775 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $61.78, for a total value of $47,879.50. Following the sale, the insider now directly owns 2,179 shares of the company’s stock, valued at approximately $134,618.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Philippe Galtie sold 482 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $72.01, for a total transaction of $34,708.82. Following the completion of the sale, the senior vice president now directly owns 670 shares in the company, valued at $48,246.70. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
Tiffany & Co. Company 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. 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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