Livforsakringsbolaget Skandia Omsesidigt Has $227,000 Stake in Tiffany & Co. (NYSE:TIF)

Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in shares of Tiffany & Co. (NYSE:TIF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,417 shares of the specialty retailer’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Tiffany & Co. were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Welch Group LLC boosted its position in shares of Tiffany & Co. by 0.6% in the first quarter. Welch Group LLC now owns 1,541 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 9 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Tiffany & Co. by 0.7% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the specialty retailer’s stock valued at $827,000 after buying an additional 57 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 62 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Tiffany & Co. by 3.3% in the first quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock valued at $199,000 after buying an additional 66 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Tiffany & Co. by 0.3% in the first quarter. State Treasurer State of Michigan now owns 35,134 shares of the specialty retailer’s stock valued at $3,348,000 after buying an additional 100 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Tiffany & Co. (NYSE:TIF) opened at 92.16 on Tuesday. The firm has a 50-day moving average of $91.35 and a 200-day moving average of $87.67. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 25.59 and a beta of 1.92. Tiffany & Co. has a 12-month low of $58.76 and a 12-month high of $97.29.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. The business had revenue of $899.60 million during the quarter, compared to analyst estimates of $915.48 million. During the same quarter last year, the company posted $0.64 EPS. Tiffany & Co.’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Tuesday, June 20th were given a $0.50 dividend. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. Tiffany & Co.’s dividend payout ratio (DPR) is 55.56%.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/07/18/livforsakringsbolaget-skandia-omsesidigt-has-227000-stake-in-tiffany-co-nysetif.html.

TIF has been the topic of several research analyst reports. Cowen and Company restated an “outperform” rating and set a $107.00 target price on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Tiffany & Co. in a research report on Saturday, April 8th. Jefferies Group LLC restated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, May 24th. Citigroup Inc. decreased their target price on shares of Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $92.36.

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. 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.

Institutional Ownership by Quarter for Tiffany & Co. (NYSE:TIF)

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply