Wendell David Associates Inc. held its stake in Tiffany & Co. (NYSE:TIF) during the second quarter, according to its most recent filing with the SEC. The fund owned 15,240 shares of the specialty retailer’s stock at the end of the second quarter. Wendell David Associates Inc.’s holdings in Tiffany & Co. were worth $1,431,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in Tiffany & Co. by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 18,440 shares of the specialty retailer’s stock valued at $1,727,000 after buying an additional 100 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Tiffany & Co. by 4.1% in the second quarter. LS Investment Advisors LLC now owns 4,696 shares of the specialty retailer’s stock worth $441,000 after buying an additional 183 shares in the last quarter. Boussard & Gavaudan Investment Management LLP increased its stake in shares of Tiffany & Co. by 69.9% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 333,685 shares of the specialty retailer’s stock worth $31,346,000 after buying an additional 137,228 shares in the last quarter. Palo Capital Inc. increased its stake in shares of Tiffany & Co. by 1.3% in the second quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock worth $1,910,000 after buying an additional 259 shares in the last quarter. Finally, CrestPoint Capital Management LLC purchased a new stake in shares of Tiffany & Co. during the second quarter worth $826,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. (NYSE:TIF) traded down 0.43% during trading on Tuesday, hitting $91.76. 311,171 shares of the company traded hands. The stock has a 50-day moving average price of $91.35 and a 200-day moving average price of $87.67. Tiffany & Co. has a 12-month low of $58.76 and a 12-month high of $97.29. The firm has a market capitalization of $11.44 billion, a P/E ratio of 25.47 and a beta of 1.92.
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. Equities analysts expect that Tiffany & Co. will post $3.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.50 per share. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, June 16th. Tiffany & Co.’s payout ratio is currently 55.56%.
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TIF has been the topic of a number of analyst reports. Credit Suisse Group reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Friday, April 14th. Goldman Sachs Group, Inc. (The) upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and increased their price target for the company from $82.00 to $107.00 in a research report on Friday, May 12th. Cowen and Company reiterated an “outperform” rating and issued a $107.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Tuesday, April 4th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price 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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