Flinton Capital Management LLC increased its stake in shares of Tiffany & Co. (NYSE:TIF) by 61.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,676 shares of the specialty retailer’s stock after acquiring an additional 4,080 shares during the period. Flinton Capital Management LLC’s holdings in Tiffany & Co. were worth $1,002,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Prudential PLC raised its holdings in shares of Tiffany & Co. by 5.5% during the second quarter. Prudential PLC now owns 287,946 shares of the specialty retailer’s stock worth $27,029,000 after acquiring an additional 14,994 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Tiffany & Co. during the second quarter worth $30,981,000. AHL Partners LLP acquired a new stake in shares of Tiffany & Co. during the second quarter worth $658,000. Zurich Insurance Group Ltd FI raised its holdings in shares of Tiffany & Co. by 160.7% during the second quarter. Zurich Insurance Group Ltd FI now owns 67,064 shares of the specialty retailer’s stock worth $6,295,000 after acquiring an additional 41,344 shares during the period. Finally, Guardian Capital LP raised its holdings in shares of Tiffany & Co. by 5.4% during the second quarter. Guardian Capital LP now owns 67,629 shares of the specialty retailer’s stock worth $6,348,000 after acquiring an additional 3,493 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.
Tiffany & Co. (NYSE:TIF) opened at 94.61 on Friday. Tiffany & Co. has a 1-year low of $71.46 and a 1-year high of $97.29. The stock’s 50 day moving average is $91.00 and its 200 day moving average is $91.99. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 25.70 and a beta of 1.92.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Analysts predict that Tiffany & Co. will post $3.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.11%. Tiffany & Co.’s dividend payout ratio is currently 54.35%.
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In other news, Director Francesco Trapani bought 48,936 shares of the stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $89.16 per share, for a total transaction of $4,363,133.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pamela H. Cloud sold 37,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the completion of the sale, the insider now owns 47,261 shares of the company’s stock, valued at approximately $4,419,848.72. The disclosure for this sale can be found here. In the last quarter, insiders bought 267,064 shares of company stock valued at $23,789,094. 1.40% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on TIF shares. Bank of America Corporation restated a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $106.00 to $94.00 in a report on Friday, September 22nd. BidaskClub upgraded shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $94.91.
Tiffany & Co. 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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