Delphi Private Advisors LLC increased its stake in Tiffany & Co. (NYSE:TIF) by 100.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the specialty retailer’s stock after buying an additional 600 shares during the period. Tiffany & Co. accounts for approximately 0.2% of Delphi Private Advisors LLC’s holdings, making the stock its 21st largest position. Delphi Private Advisors LLC’s holdings in Tiffany & Co. were worth $100,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 62 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock valued at $118,000 after buying an additional 496 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 1,300 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Tiffany & Co. during the first quarter valued at about $133,000. Finally, Welch Group LLC raised its stake in shares of Tiffany & Co. by 0.6% in the first quarter. Welch Group LLC now owns 1,541 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 9 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.
Tiffany & Co. (NYSE TIF) traded up 1.73% during midday trading on Tuesday, reaching $95.06. The company’s stock had a trading volume of 338,517 shares. The firm has a 50 day moving average price of $92.33 and a 200-day moving average price of $88.96. The firm has a market cap of $11.85 billion, a P/E ratio of 26.39 and a beta of 1.92. Tiffany & Co. has a 52 week low of $58.76 and a 52 week high of $97.29.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The firm had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Tuesday, June 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, June 16th. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.45. Tiffany & Co.’s dividend payout ratio is presently 55.56%.
Several analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Tiffany & Co. in a report on Tuesday, July 18th. They set a “hold” rating for the company. Citigroup Inc. cut their target price on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $105.00 target price on Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) cut their target price on Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Tiffany & Co. in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Tiffany & Co. presently has an average rating of “Hold” and an average price target of $92.36.
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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