Speece Thorson Capital Group Inc. increased its position in shares of Tiffany & Co. (NYSE:TIF) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,960 shares of the specialty retailer’s stock after buying an additional 512 shares during the period. Tiffany & Co. accounts for approximately 2.2% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 25th largest position. Speece Thorson Capital Group Inc. owned 0.09% of Tiffany & Co. worth $10,322,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Mcrae Capital Management Inc. increased its stake in shares of Tiffany & Co. by 4.0% in the second quarter. Mcrae Capital Management Inc. now owns 5,150 shares of the specialty retailer’s stock worth $483,000 after buying an additional 200 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Tiffany & Co. by 1.7% in the second quarter. Janney Montgomery Scott LLC now owns 6,619 shares of the specialty retailer’s stock worth $621,000 after buying an additional 113 shares in the last quarter. Strs Ohio increased its stake in shares of Tiffany & Co. by 53.5% in the second quarter. Strs Ohio now owns 21,971 shares of the specialty retailer’s stock worth $2,062,000 after buying an additional 7,662 shares in the last quarter. Parkwood LLC bought a new stake in shares of Tiffany & Co. during the second quarter worth $326,000. Finally, LGT Capital Partners LTD. increased its stake in shares of Tiffany & Co. by 23.8% in the second quarter. LGT Capital Partners LTD. now owns 168,390 shares of the specialty retailer’s stock worth $15,807,000 after buying an additional 32,360 shares in the last quarter. 81.31% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. (NYSE:TIF) traded up 0.49% on Monday, reaching $90.73. The company’s stock had a trading volume of 796,096 shares. Tiffany & Co. has a 12-month low of $66.19 and a 12-month high of $97.29. The firm has a 50-day moving average of $92.96 and a 200 day moving average of $90.48. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 25.19 and a beta of 1.92.
Tiffany & Co. (NYSE:TIF) last issued its quarterly 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. The firm had revenue of $899.60 million for the quarter, compared to analyst estimates 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 was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. On average, equities research analysts anticipate that Tiffany & Co. will post $3.96 EPS for the current fiscal year.
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Several research analysts have commented on the stock. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday. BidaskClub cut shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday. Needham & Company LLC started coverage on shares of Tiffany & Co. in a report on Tuesday, July 18th. They issued a “hold” rating on the stock. Royal Bank Of Canada restated a “hold” rating on shares of Tiffany & Co. in a report on Friday, July 7th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Tiffany & Co. presently has a consensus rating of “Buy” and a consensus target price of $92.81.
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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