Archford Capital Strategies LLC lessened its stake in shares of Tiffany & Co. (NYSE:TIF) by 38.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,547 shares of the specialty retailer’s stock after selling 2,250 shares during the quarter. Archford Capital Strategies LLC’s holdings in Tiffany & Co. were worth $326,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TIF. Toronto Dominion Bank lifted its holdings in shares of Tiffany & Co. by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock valued at $3,455,000 after purchasing an additional 7,484 shares during the last quarter. Swiss National Bank raised its stake in Tiffany & Co. by 2.8% in the 2nd quarter. Swiss National Bank now owns 453,348 shares of the specialty retailer’s stock worth $42,556,000 after acquiring an additional 12,400 shares during the last quarter. Andra AP fonden raised its stake in Tiffany & Co. by 8.4% in the 2nd quarter. Andra AP fonden now owns 28,500 shares of the specialty retailer’s stock worth $2,675,000 after acquiring an additional 2,200 shares during the last quarter. Sei Investments Co. raised its stake in Tiffany & Co. by 215.0% in the 2nd quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock worth $1,351,000 after acquiring an additional 9,822 shares during the last quarter. Finally, Investec Asset Management LTD raised its stake in Tiffany & Co. by 9.1% in the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after acquiring an additional 191,783 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. (NYSE TIF) traded down $0.27 during trading hours on Friday, hitting $103.95. The stock had a trading volume of 796,781 shares, compared to its average volume of 1,353,853. Tiffany & Co. has a 52-week low of $76.08 and a 52-week high of $105.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The firm has a market cap of $12,952.19, a PE ratio of 27.94, a PEG ratio of 2.43 and a beta of 1.93.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.76%.
A number of equities analysts recently issued reports on TIF shares. KeyCorp restated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Susquehanna Bancshares started coverage on Tiffany & Co. in a research note on Thursday, November 2nd. They issued 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. and gave the stock a “hold” rating in a research note on Thursday, November 30th. Finally, JPMorgan Chase & Co. started coverage on Tiffany & Co. in a research note on Monday, December 18th. They issued a “neutral” rating and a $103.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. currently has a consensus rating of “Buy” and an average price target of $100.53.
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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