All posts

tiffany & co shop & Co. (TIF) Shares Sold by Chevy Chase Trust Holdings Inc.

admin / December 17, 2017

tiffany & co shop & Co. (TIF) Shares Sold by Chevy Chase Trust Holdings Inc.-1Chevy Chase Trust Holdings Inc. reduced its position in tiffany & co shop & Co. (NYSE:TIF) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,048 shares of the specialty retailer’s stock after selling 3,304 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.07% of tiffany & co shop & Co. worth $8,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of tiffany & co shop & Co. by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after purchasing an additional 310,235 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of tiffany & co shop & Co. by 2.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock valued at $388,715,000 after purchasing an additional 109,926 shares in the last quarter. Investec Asset Management LTD lifted its stake in shares of tiffany & co shop & Co. by 9.1% in the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock valued at $210,203,000 after purchasing an additional 191,783 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of tiffany & co shop & Co. by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock valued at $206,259,000 after purchasing an additional 411,487 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of tiffany & co shop & Co. by 300.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock valued at $121,319,000 after purchasing an additional 991,802 shares in the last quarter. 81.19% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert S. Singer purchased 1,000 shares of the stock in a transaction dated Monday, September 25th. The stock was acquired at an average cost of $88.13 per share, for a total transaction of $88,130.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Francesco Trapani purchased 25,000 shares of the stock in a transaction dated Tuesday, September 26th. The stock was purchased at an average price of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

tiffany & co shop & Co. (TIF) traded up $2.00 during mid-day trading on Friday, reaching $101.34. The company’s stock had a trading volume of 2,506,155 shares, compared to its average volume of 1,651,738. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. tiffany & co shop & Co. has a 52 week low of $76.08 and a 52 week high of $101.88. The stock has a market cap of $12,345.72, a P/E ratio of 25.41, a PEG ratio of 2.31 and a beta of 1.93.

tiffany & co shop & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. During the same period in the previous year, the business earned $0.76 EPS. tiffany & co shop & Co.’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities research analysts anticipate that tiffany & co shop & Co. will post 3.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $2.00 annualized dividend and a yield of 1.97%. tiffany & co shop & Co.’s dividend payout ratio is presently 53.76%.

Several equities analysts have recently weighed in on TIF shares. Needham & Company LLC reaffirmed a “hold” rating on shares of tiffany & co shop & Co. in a research note on Friday, August 25th. Cowen set a $102.00 price objective on tiffany & co shop & Co. and gave the company a “buy” rating in a research note on Wednesday, October 18th. Oppenheimer reaffirmed a “buy” rating on shares of tiffany & co shop & Co. in a research note on Friday, September 8th. Royal Bank of Canada set a $94.00 target price on tiffany & co shop & Co. and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Goldman Sachs Group downgraded tiffany & co shop & Co. from a “buy” rating to a “neutral” rating and dropped their target price for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $100.38.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://stocknewstimes.com/2017/12/16/tiffany-co-tif-shares-sold-by-chevy-chase-trust-holdings-inc.html.

About tiffany & co shop & Co.

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.

tiffany & co shop & Co. (TIF) Shares Sold by Chevy Chase Trust Holdings Inc.-2

Thank you for taking the time to read this article. I hope you like it

Leave a Reply

Your email address will not be published. Required fields are marked *