Caxton Associates LP Raises Stake in Tiffany & Co. (TIF)

Caxton Associates LP lifted its position in Tiffany & Co. (NYSE:TIF) by 538.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,966 shares of the specialty retailer’s stock after purchasing an additional 13,466 shares during the quarter. Caxton Associates LP’s holdings in Tiffany & Co. were worth $1,465,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its stake in Tiffany & Co. by 25.5% during the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock worth $3,455,000 after acquiring an additional 7,484 shares during the last quarter. Swiss National Bank increased its stake in Tiffany & Co. by 2.8% during the second quarter. Swiss National Bank now owns 453,348 shares of the specialty retailer’s stock worth $42,556,000 after acquiring an additional 12,400 shares during the last quarter. Andra AP fonden increased its stake in Tiffany & Co. by 8.4% during the second quarter. Andra AP fonden now owns 28,500 shares of the specialty retailer’s stock worth $2,675,000 after acquiring an additional 2,200 shares during the last quarter. Sei Investments Co. increased its stake in Tiffany & Co. by 215.0% during the second quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock worth $1,351,000 after acquiring an additional 9,822 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Tiffany & Co. by 0.4% during the second quarter. TIAA CREF Investment Management LLC now owns 763,141 shares of the specialty retailer’s stock worth $71,636,000 after acquiring an additional 2,684 shares during the last quarter. 81.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tiffany & Co. (TIF) traded up $0.23 during trading hours on Monday, hitting $95.75. The company’s stock had a trading volume of 1,337,500 shares, compared to its average volume of 1,670,375. Tiffany & Co. has a fifty-two week low of $76.08 and a fifty-two week high of $98.64. The stock has a market capitalization of $11,899.56, a price-to-earnings ratio of 24.49, a PEG ratio of 2.23 and a beta of 1.93. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The business had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts expect that Tiffany & Co. will post 3.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.76%.

Several equities research analysts have weighed in on TIF shares. KeyCorp reissued a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Zacks Investment Research cut Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Susquehanna Bancshares started coverage on Tiffany & Co. in a research note on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price objective on the stock. Royal Bank Of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a research note on Thursday, November 30th. Finally, Cowen set a $102.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.69.

In other news, Director Francesco Trapani purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer purchased 1,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average price of $88.13 per share, with a total value of $88,130.00. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

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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.

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

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