Global X MANAGEMENT CO LLC grew its holdings in shares of Tiffany & Co. (NYSE:TIF) by 14.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,752 shares of the specialty retailer’s stock after purchasing an additional 1,195 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Tiffany & Co. were worth $895,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in TIF. Delphi Private Advisors LLC grew its position in shares of Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 600 shares in the last quarter. QS Investors LLC grew its position in shares of Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares in the last quarter. Welch Group LLC grew its position in shares of Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 8 shares in the last quarter. Wetherby Asset Management Inc. acquired a new position in shares of Tiffany & Co. during the 2nd quarter worth approximately $201,000. Finally, Commerce Bank acquired a new position in shares of Tiffany & Co. during the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 79.42% of the company’s stock.
A number of analysts have recently weighed in on the stock. KeyCorp reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Wednesday, October 11th. Susquehanna Bancshares Inc assumed coverage on shares of Tiffany & Co. in a report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target for the company. Zacks Investment Research downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Monday. Needham & Company LLC reaffirmed 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 shares of Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, October 18th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.91.
In other news, insider Pamela H. Cloud sold 37,000 shares of the stock in a transaction on 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 directly owns 47,261 shares in the company, valued at $4,419,848.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Francesco Trapani acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were purchased at an average price of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. Insiders have bought 267,064 shares of company stock valued at $23,789,094 in the last ninety days. Insiders own 1.40% of the company’s stock.
Tiffany & Co. (NYSE:TIF) opened at $92.51 on Thursday. The stock has a market cap of $11,648.12, a price-to-earnings ratio of 24.17, a PEG ratio of 2.19 and a beta of 1.96. Tiffany & Co. has a 52 week low of $75.33 and a 52 week high of $97.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.29 and a current ratio of 5.75.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The firm 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. sell-side analysts forecast that Tiffany & Co. will post 3.95 EPS for the current fiscal year.
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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