Tiffany & Co. (NYSE:TIF) Position Held by Wendell David Associates Inc.

Wendell David Associates Inc. maintained its position in shares of Tiffany & Co. (NYSE:TIF) during the second quarter, according to its most recent 13F 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 filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TIF. King Luther Capital Management Corp increased its stake in shares of Tiffany & Co. by 0.5% in the first quarter. King Luther Capital Management Corp now owns 803,818 shares of the specialty retailer’s stock valued at $76,604,000 after buying an additional 4,235 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Tiffany & Co. by 35.6% in the fourth quarter. Teachers Advisors LLC now owns 183,288 shares of the specialty retailer’s stock valued at $14,192,000 after buying an additional 48,123 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Tiffany & Co. during the first quarter valued at $4,418,000. First Manhattan Co. boosted its position in shares of Tiffany & Co. by 15.1% in the first quarter. First Manhattan Co. now owns 25,728 shares of the specialty retailer’s stock valued at $1,868,000 after buying an additional 3,375 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Tiffany & Co. by 1.4% in the first quarter. Principal Financial Group Inc. now owns 162,416 shares of the specialty retailer’s stock worth $15,479,000 after buying an additional 2,289 shares during the period. Institutional investors own 81.13% of the company’s stock.

Shares of Tiffany & Co. (TIF) traded up 1.21% during trading on Friday, hitting $96.34. The stock had a trading volume of 1,107,077 shares. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 26.75 and a beta of 1.93. The stock’s 50-day moving average price is $92.86 and its 200 day moving average price is $89.48. Tiffany & Co. has a one year low of $58.77 and a one year high of $97.29.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. Tiffany & Co.’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, equities analysts forecast that Tiffany & Co. will post $3.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Tuesday, June 20th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.08%. This is an increase from Tiffany & Co.’s previous quarterly dividend of $0.45. Tiffany & Co.’s payout ratio is currently 55.56%.

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Several analysts recently commented on TIF shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Saturday, April 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research note on Tuesday, April 4th. Goldman Sachs Group, Inc. (The) raised Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $82.00 to $107.00 in a research note on Friday, May 12th. Bank of America Corporation reissued a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a research note on Wednesday, May 10th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Tiffany & Co. in a research note on Friday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus 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.