Commonwealth Equity Services LLC trimmed its position in Tiffany & Co. (NYSE:TIF) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 23,911 shares of the specialty retailer’s stock after selling 577 shares during the period. Commonwealth Equity Services LLC’s holdings in Tiffany & Co. were worth $2,335,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in TIF. Mission Wealth Management LP bought a new position in Tiffany & Co. in the 1st quarter valued at $205,000. Albion Financial Group UT bought a new position in Tiffany & Co. in the 4th quarter valued at $212,000. Signaturefd LLC bought a new position in Tiffany & Co. in the 4th quarter valued at $218,000. Wetherby Asset Management Inc. bought a new position in Tiffany & Co. in the 4th quarter valued at $227,000. Finally, IBM Retirement Fund bought a new position in Tiffany & Co. in the 1st quarter valued at $231,000. Hedge funds and other institutional investors own 80.88% of the company’s stock.
A number of research analysts have commented on the company. Susquehanna Bancshares reiterated a “neutral” rating and issued a $100.00 price objective on shares of Tiffany & Co. in a research report on Thursday, June 7th. Oppenheimer increased their price objective on Tiffany & Co. to $145.00 and gave the company an “outperform” rating in a research report on Friday, June 1st. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research report on Monday, May 28th. Deutsche Bank decreased their price objective on Tiffany & Co. from $94.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, May 24th. Finally, Royal Bank of Canada set a $126.00 price objective on Tiffany & Co. and gave the company a “hold” rating in a research report on Friday, May 25th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Tiffany & Co. has a consensus rating of “Buy” and a consensus price target of $120.55.
Tiffany & Co. opened at $136.07 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.43 and a current ratio of 5.82. The firm has a market capitalization of $16.93 billion, a PE ratio of 32.95, a P/E/G ratio of 2.46 and a beta of 1.82. Tiffany & Co. has a twelve month low of $86.15 and a twelve month high of $137.97.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, May 23rd. The specialty retailer reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.31. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $959.20 million. Tiffany & Co. had a return on equity of 17.61% and a net margin of 9.75%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. analysts expect that Tiffany & Co. will post 4.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Wednesday, June 20th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Tuesday, June 19th. This is an increase from Tiffany & Co.’s previous quarterly dividend of $0.50. Tiffany & Co.’s dividend payout ratio (DPR) is presently 48.43%.
About Tiffany & Co.
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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