Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Tiffany & Co. (NYSE:TIF) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,848 shares of the specialty retailer’s stock after purchasing an additional 3,558 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tiffany & Co. were worth $2,857,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its holdings in Tiffany & Co. by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 107,356 shares of the specialty retailer’s stock worth $9,946,000 after purchasing an additional 3,528 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Tiffany & Co. by 5.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,086,887 shares of the specialty retailer’s stock valued at $382,696,000 after acquiring an additional 214,139 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in Tiffany & Co. by 22.8% in the 2nd quarter. Alberta Investment Management Corp now owns 92,700 shares of the specialty retailer’s stock valued at $8,680,000 after acquiring an additional 17,200 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in Tiffany & Co. in the 2nd quarter valued at about $630,000. Finally, York Capital Management Global Advisors LLC acquired a new stake in Tiffany & Co. in the 2nd quarter valued at about $17,920,000. 90.68% of the stock is owned by institutional investors and hedge funds.
NYSE TIF opened at $124.69 on Thursday. The stock’s 50-day moving average price is $98.26 and its two-hundred day moving average price is $94.69. The company has a current ratio of 4.22, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. The company has a market cap of $15.50 billion, a PE ratio of 26.99, a PEG ratio of 2.41 and a beta of 1.66. Tiffany & Co. has a 1 year low of $73.04 and a 1 year high of $130.40.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. Tiffany & Co. had a return on equity of 17.67% and a net margin of 12.79%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. Research analysts forecast that Tiffany & Co. will post 4.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 20th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $2.32 annualized dividend and a yield of 1.86%. Tiffany & Co.’s payout ratio is presently 50.22%.
A number of equities research analysts have weighed in on TIF shares. Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a report on Monday, October 28th. ValuEngine raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Cowen upped their price target on shares of Tiffany & Co. from $107.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research downgraded shares of Tiffany & Co. from a “hold” rating to a “sell” rating and set a $138.00 price target for the company. in a report on Sunday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Tiffany & Co. currently has an average rating of “Hold” and an average target price of $117.30.
About Tiffany & Co.
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.
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