Alps Advisors Inc. Purchases 94 Shares of Tiffany & Co. (TIF)

Alps Advisors Inc. boosted its stake in shares of Tiffany & Co. (NYSE:TIF) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,028 shares of the specialty retailer’s stock after buying an additional 94 shares during the period. Alps Advisors Inc.’s holdings in Tiffany & Co. were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TIF. Welch Group LLC boosted its position 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. Shell Asset Management Co. boosted its position in shares of Tiffany & Co. by 0.7% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the specialty retailer’s stock valued at $827,000 after buying an additional 57 shares in the last quarter. Fifth Third Bancorp boosted its position 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. Pacer Advisors Inc. boosted its position in shares of Tiffany & Co. by 3.3% in the first quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock valued at $199,000 after buying an additional 66 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in shares of Tiffany & Co. by 0.3% in the first quarter. State Treasurer State of Michigan now owns 35,134 shares of the specialty retailer’s stock valued at $3,348,000 after buying an additional 100 shares in the last quarter. 81.31% of the stock is currently owned by institutional investors.

Tiffany & Co. (NYSE TIF) opened at 87.82 on Tuesday. Tiffany & Co. has a 12-month low of $66.35 and a 12-month high of $97.29. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 24.38 and a beta of 1.92. The firm has a 50-day moving average of $92.23 and a 200-day moving average of $91.07.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. The business had revenue of $899.60 million during the quarter, compared to analyst estimates of $915.48 million. During the same quarter last year, the company posted $0.64 EPS. Tiffany & Co.’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. Tiffany & Co.’s dividend payout ratio (DPR) is 55.56%.

A number of equities analysts have recently weighed in on the stock. Citigroup Inc. lowered their price target on shares of Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, May 25th. Cowen and Company reaffirmed an “outperform” rating and set a $107.00 price target on shares of Tiffany & Co. in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $105.00 price target on shares of Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, May 24th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Friday, July 7th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.81.

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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