Seaward Management Limited Partnership continued to hold its stake in Tiffany & Co. (NYSE:TIF) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,605 shares of the specialty retailer’s stock at the end of the first quarter. Seaward Management Limited Partnership’s holdings in Tiffany & Co. were worth $248,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Welch Group LLC boosted its position in 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 Tiffany & Co. by 0.7% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the specialty retailer’s stock worth $827,000 after buying an additional 57 shares during the period. Fifth Third Bancorp boosted its position in Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after buying an additional 62 shares during the period. Pacer Advisors Inc. boosted its position in Tiffany & Co. by 3.3% in the first quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock worth $199,000 after buying an additional 66 shares during the period. Finally, State Treasurer State of Michigan boosted its position in 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 worth $3,348,000 after buying an additional 100 shares during the period. Institutional investors own 81.01% of the company’s stock.
Shares of Tiffany & Co. (TIF) opened at 92.16 on Tuesday. The company 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. The stock has a 50 day moving average price of $91.35 and a 200-day moving average price of $87.67.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The business had revenue of $899.60 million for the quarter, compared to analysts’ expectations of $915.48 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. Analysts expect that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Tuesday, June 20th were issued a $0.50 dividend. The ex-dividend date was Friday, June 16th. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.17%. Tiffany & Co.’s dividend payout ratio is currently 55.56%.
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TIF has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. Citigroup Inc. lowered their target price on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $105.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Zacks Investment Research cut Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reduced their price target on Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $92.36.
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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