Roundview Capital LLC Cuts Position in Tiffany & Co. (TIF)
Roundview Capital LLC cut its position in shares of Tiffany & Co. (NYSE:TIF) by 9.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,480 shares of the company’s stock after selling 1,000 shares during the period. Roundview Capital LLC’s holdings in Tiffany & Co. were worth $734,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Tiffany & Co. by 2.6% in the fourth quarter. State Street Corp now owns 4,872,273 shares of the company’s stock worth $377,255,000 after buying an additional 121,512 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Tiffany & Co. by 0.8% in the third quarter. First Eagle Investment Management LLC now owns 3,905,747 shares of the company’s stock worth $283,674,000 after buying an additional 29,593 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Tiffany & Co. by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,885,604 shares of the company’s stock worth $209,581,000 after buying an additional 43,503 shares in the last quarter. FMR LLC increased its position in shares of Tiffany & Co. by 13.9% in the fourth quarter. FMR LLC now owns 2,446,337 shares of the company’s stock worth $189,420,000 after buying an additional 299,036 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Tiffany & Co. by 4.7% in the third quarter. BlackRock Fund Advisors now owns 1,841,431 shares of the company’s stock worth $133,743,000 after buying an additional 82,604 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.
Tiffany & Co. (NYSE:TIF) traded down 0.26% on Thursday, hitting $83.01. 1,668,834 shares of the stock traded hands. The stock has a 50-day moving average of $79.34 and a 200-day moving average of $75.01. Tiffany & Co. has a 12-month low of $56.99 and a 12-month high of $85.44. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 23.25 and a beta of 1.89.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Tuesday, November 29th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The company earned $949.30 million during the quarter. Tiffany & Co. had a net margin of 11.33% and a return on equity of 15.97%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share. Analysts forecast that Tiffany & Co. will post $3.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, March 20th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. Tiffany & Co.’s dividend payout ratio is currently 50.42%.
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A number of equities analysts have recently commented on TIF shares. Zacks Investment Research downgraded shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, November 17th. TheStreet raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Mizuho downgraded shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $74.00 in a research note on Monday, February 6th. Oppenheimer Holdings, Inc. lifted their price target on shares of Tiffany & Co. from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 23rd. Finally, Wells Fargo & Company reaffirmed an “underperform” rating on shares of Tiffany & Co. in a research note on Wednesday, November 16th. Twelve analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $81.79.
In related news, insider Andrew W. Hart sold 21,504 shares of the company’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $80.13, for a total transaction of $1,723,115.52. Following the completion of the sale, the insider now directly owns 7,786 shares of the company’s stock, valued at approximately $623,892.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew W. Hart sold 1,367 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $77.98, for a total transaction of $106,598.66. Following the sale, the insider now directly owns 4,654 shares of the company’s stock, valued at $362,918.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,871 shares of company stock valued at $2,764,714. 1.40% of the stock is owned by insiders.
About Tiffany & Co.
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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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