Investment Partners Ltd. OH ADV maintained its position in Tiffany & Co. (NYSE:TIF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,200 shares of the specialty retailer’s stock at the end of the second quarter. Investment Partners Ltd. OH ADV’s holdings in Tiffany & Co. were worth $300,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Delphi Private Advisors LLC boosted its position in shares of Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 600 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in Tiffany & Co. during the second quarter valued at approximately $1,237,000. Oakbrook Investments LLC purchased a new stake in Tiffany & Co. during the second quarter valued at approximately $784,000. US Bancorp DE raised its stake in Tiffany & Co. by 24.0% in the second quarter. US Bancorp DE now owns 10,895 shares of the specialty retailer’s stock valued at $1,022,000 after buying an additional 2,106 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of Tiffany & Co. by 0.3% in the second quarter. State Treasurer State of Michigan now owns 35,234 shares of the specialty retailer’s stock valued at $3,307,000 after buying an additional 100 shares during the last quarter. Institutional investors own 81.15% of the company’s stock.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.16% during mid-day trading on Friday, reaching $93.00. 1,540,156 shares of the company traded hands. The company’s 50 day moving average is $93.04 and its 200 day moving average is $90.01. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 25.82 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 issued its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. The firm had revenue of $899.60 million for the quarter, compared to the consensus estimate of $915.48 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Tiffany & Co. will post $3.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Tuesday, June 20th were given a $0.50 dividend. The ex-dividend date was Friday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.45. Tiffany & Co.’s payout ratio is currently 55.56%.
Several equities analysts recently commented on TIF shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Friday, April 14th. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Bank of America Corporation reissued a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research cut shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus 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.
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
