Carl Domino Inc decreased its position in Tiffany & Co. (NYSE:TIF) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,315 shares of the specialty retailer’s stock after selling 1,555 shares during the quarter. Tiffany & Co. accounts for approximately 1.5% of Carl Domino Inc’s holdings, making the stock its 23rd largest holding. Carl Domino Inc’s holdings in Tiffany & Co. were worth $1,222,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIF. Delphi Private Advisors LLC raised its stake in shares of Tiffany & Co. by 100.0% in the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 600 shares during the period. QS Investors LLC raised its stake in shares of Tiffany & Co. by 8.2% in the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 103 shares during the period. Welch Group LLC raised its stake in shares of Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after purchasing an additional 8 shares during the period. Wetherby Asset Management Inc. acquired a new stake in shares of Tiffany & Co. in the 2nd quarter valued at about $201,000. Finally, Commerce Bank acquired a new stake in shares of Tiffany & Co. in the 2nd quarter valued at about $209,000. 79.42% of the stock is currently owned by hedge funds and other institutional investors.
TIF has been the topic of a number of recent research reports. BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the company a “buy” rating in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) downgraded Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $106.00 to $94.00 in a research report on Friday, September 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Friday, August 25th. Finally, Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, August 14th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $94.91.
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Shares of Tiffany & Co. (NYSE TIF) traded down $1.04 during trading hours on Thursday, hitting $92.51. The stock had a trading volume of 1,106,300 shares, compared to its average volume of 1,660,547. Tiffany & Co. has a 12 month low of $75.33 and a 12 month high of $97.29. The company has a market capitalization of $11,648.12, a PE ratio of 24.17, a PEG ratio of 2.19 and a beta of 1.96. The company has a current ratio of 5.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.28.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $930.19 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. analysts forecast that Tiffany & Co. will post 3.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%. Tiffany & Co.’s dividend payout ratio is presently 54.35%.
In other news, Director Robert S. Singer acquired 1,000 shares of Tiffany & Co. stock in a transaction dated Monday, September 25th. The stock was bought at an average price of $88.13 per share, for a total transaction of $88,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 267,064 shares of company stock valued at $23,789,094. Corporate insiders own 1.40% of the company’s stock.
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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