Rothschild Asset Management Inc. purchased a new position in Tiffany & Co. (NYSE:TIF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 203,555 shares of the specialty retailer’s stock, valued at approximately $18,683,000. Rothschild Asset Management Inc. owned approximately 0.16% of Tiffany & Co. at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of TIF. Janus Henderson Group PLC raised its position in Tiffany & Co. by 9,785.1% during the second quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock valued at $113,818,000 after acquiring an additional 1,200,235 shares in the last quarter. Victory Capital Management Inc. raised its position in Tiffany & Co. by 22.4% during the third quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock valued at $206,259,000 after acquiring an additional 411,487 shares in the last quarter. APG Asset Management N.V. raised its position in Tiffany & Co. by 189.4% during the third quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock valued at $51,188,000 after acquiring an additional 365,000 shares in the last quarter. Cramer Rosenthal Mcglynn LLC bought a new position in Tiffany & Co. during the second quarter valued at approximately $30,981,000. Finally, Vanguard Group Inc. raised its position in Tiffany & Co. by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after acquiring an additional 310,235 shares in the last quarter. 78.91% of the stock is currently owned by hedge funds and other institutional investors.
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Tiffany & Co. (NYSE:TIF) traded up $0.55 on Thursday, reaching $94.09. 938,400 shares of the company’s stock were exchanged, compared to its average volume of 1,653,040. Tiffany & Co. has a 1 year low of $76.08 and a 1 year high of $97.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.75 and a quick ratio of 2.29. The firm has a market capitalization of $11,780.00, a P/E ratio of 24.17, a P/E/G ratio of 2.19 and a beta of 1.96.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. analysts forecast that Tiffany & Co. will post 3.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.13%. Tiffany & Co.’s payout ratio is presently 54.20%.
TIF has been the topic of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, October 11th. Zacks Investment Research downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Susquehanna Bancshares Inc initiated coverage on Tiffany & Co. in a report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a report on Tuesday, October 17th. Finally, Cowen and Company set a $102.00 price target on Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $94.91.
In related news, Director Robert S. Singer acquired 1,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was bought at an average cost of $88.13 per share, with a total value of $88,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francesco Trapani acquired 35,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were bought at an average cost of $89.34 per share, with a total value of $3,126,900.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 267,064 shares of company stock valued at $23,789,094. Company insiders own 1.40% of the company’s stock.
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.
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