OxFORD Asset Management LLP increased its holdings in tiffany & co shop & Co. (NYSE:TIF) by 32.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,349 shares of the specialty retailer’s stock after purchasing an additional 12,155 shares during the period. OxFORD Asset Management LLP’s holdings in tiffany & co shop & Co. were worth $4,534,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of TIF. US Bancorp DE increased its position in shares of tiffany & co shop & Co. by 24.0% during the 2nd quarter. US Bancorp DE now owns 10,895 shares of the specialty retailer’s stock valued at $1,022,000 after purchasing an additional 2,106 shares during the last quarter. Russell Investments Group Ltd. grew its position in tiffany & co shop & Co. by 12.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 98,715 shares of the specialty retailer’s stock valued at $9,268,000 after acquiring an additional 11,037 shares during the last quarter. Strs Ohio grew its position in tiffany & co shop & Co. by 53.5% in the 2nd quarter. Strs Ohio now owns 21,971 shares of the specialty retailer’s stock valued at $2,062,000 after acquiring an additional 7,662 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of tiffany & co shop & Co. by 1.7% in the 2nd 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 during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of tiffany & co shop & Co. in the 2nd quarter worth $1,408,000. 81.19% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on TIF. Oppenheimer reiterated a “buy” rating on shares of tiffany & co shop & Co. in a report on Wednesday, November 22nd. Zacks Investment Research cut tiffany & co shop & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Susquehanna Bancshares started coverage on tiffany & co shop & Co. in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price target for the company. Citigroup upgraded tiffany & co shop & Co. from a “neutral” rating to a “buy” rating and increased their price target for the company from $92.00 to $115.00 in a research note on Thursday. Finally, Cowen set a $102.00 price objective on tiffany & co shop & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $100.38.
tiffany & co shop & Co. (NYSE: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 debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The firm has a market capitalization of $12,345.72, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.31 and a beta of 1.93. tiffany & co shop & Co. has a one year low of $76.08 and a one year high of $101.88.
tiffany & co shop & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. analysts predict that tiffany & co shop & Co. will post 3.98 EPS for the current fiscal year.
The business also recently disclosed 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 1.97%. The ex-dividend date of this dividend is Tuesday, December 19th. tiffany & co shop & Co.’s dividend payout ratio is presently 53.76%.
In other news, Director Robert S. Singer purchased 1,000 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average price of $88.13 per share, for a total transaction of $88,130.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Francesco Trapani purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.
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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.
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