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First Republic Investment Management Inc. Sells 3,237 Shares of tiffany & co shop & Co. (TIF)

admin / December 14, 2017

First Republic Investment Management Inc. Sells 3,237 Shares of tiffany & co shop & Co. (TIF)-1First Republic Investment Management Inc. cut its stake in tiffany & co shop & Co. (NYSE:TIF) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,451 shares of the specialty retailer’s stock after selling 3,237 shares during the quarter. First Republic Investment Management Inc.’s holdings in tiffany & co shop & Co. were worth $1,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Magnetar tiffany & co financial LLC purchased a new position in shares of tiffany & co shop & Co. in the third quarter valued at $302,000. Asset Management One Co. Ltd. grew its position in shares of tiffany & co shop & Co. by 1.5% in the third quarter. Asset Management One Co. Ltd. now owns 208,010 shares of the specialty retailer’s stock valued at $19,068,000 after purchasing an additional 3,027 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of tiffany & co shop & Co. by 8.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,144 shares of the specialty retailer’s stock valued at $6,346,000 after purchasing an additional 5,485 shares in the last quarter. AMP Capital Investors Ltd grew its position in tiffany & co shop & Co. by 45.7% during the third quarter. AMP Capital Investors Ltd now owns 73,799 shares of the specialty retailer’s stock worth $6,774,000 after buying an additional 23,154 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in tiffany & co shop & Co. by 5.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,800 shares of the specialty retailer’s stock worth $995,000 after buying an additional 600 shares in the last quarter. Institutional investors own 81.19% of the company’s stock.

Shares of tiffany & co shop & Co. (TIF) traded down $0.84 during mid-day trading on Wednesday, reaching $95.50. The company’s stock had a trading volume of 1,049,900 shares, compared to its average volume of 1,666,069. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. tiffany & co shop & Co. has a 52-week low of $76.08 and a 52-week high of $98.64. The company has a market capitalization of $11,972.88, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.24 and a beta of 1.93.

tiffany & co shop & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. tiffany & co shop & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. equities analysts expect that tiffany & co shop & Co. will post 3.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, December 19th. tiffany & co shop & Co.’s dividend payout ratio (DPR) is currently 53.76%.

In other news, Director Robert S. Singer purchased 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was purchased at an average price of $88.13 per share, with a total value of $88,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Francesco Trapani purchased 25,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

TIF has been the subject of several recent analyst reports. KeyCorp restated a “hold” rating on shares of tiffany & co shop & Co. in a research report on Wednesday, October 11th. Zacks Investment Research cut tiffany & co shop & Co. from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Susquehanna Bancshares initiated coverage on tiffany & co shop & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 target price for the company. Royal Bank of Canada set a $94.00 target price on tiffany & co shop & Co. and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Cowen set a $102.00 target price on tiffany & co shop & Co. and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $98.69.

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tiffany & co shop & Co. Profile

tiffany & co shop & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, tiffany & co shop 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 shop & CO.

First Republic Investment Management Inc. Sells 3,237 Shares of tiffany & co shop & Co. (TIF)-2

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