CIBC Asset Management Inc Buys 25 Shares of Tiffany & Co. (NYSE:TIF)
CIBC Asset Management Inc increased its position in shares of Tiffany & Co. (NYSE:TIF) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 11,667 shares of the specialty retailer’s stock after buying an additional 25 shares during the period. CIBC Asset Management Inc’s holdings in Tiffany & Co. were worth $1,095,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in TIF. Mcrae Capital Management Inc. raised its stake in Tiffany & Co. by 4.0% in the second quarter. Mcrae Capital Management Inc. now owns 5,150 shares of the specialty retailer’s stock worth $483,000 after buying an additional 200 shares during the period. Janney Montgomery Scott LLC raised its stake in Tiffany & Co. by 1.7% in the second 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. Strs Ohio raised its stake in Tiffany & Co. by 53.5% in the second quarter. Strs Ohio now owns 21,971 shares of the specialty retailer’s stock worth $2,062,000 after buying an additional 7,662 shares during the period. Parkwood LLC bought a new stake in Tiffany & Co. during the second quarter worth $326,000. Finally, LGT Capital Partners LTD. raised its stake in Tiffany & Co. by 23.8% in the second quarter. LGT Capital Partners LTD. now owns 168,390 shares of the specialty retailer’s stock worth $15,807,000 after buying an additional 32,360 shares during the period. 81.06% of the stock is owned by institutional investors.
Shares of Tiffany & Co. (NYSE TIF) opened at 90.29 on Friday. The stock has a market cap of $11.25 billion, a P/E ratio of 25.07 and a beta of 1.92. Tiffany & Co. has a 1-year low of $66.35 and a 1-year high of $97.29. The company has a 50 day moving average price of $92.96 and a 200 day moving average price of $90.48.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The firm had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Tiffany & Co. will post $3.96 EPS for the current year.
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A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC assumed coverage on Tiffany & Co. in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Zacks Investment Research lowered Tiffany & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating on shares of Tiffany & Co. in a research note on Friday, July 7th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Buy” and an average target price of $92.36.
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. 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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