Tiffany & Co. (TIF) Shares Bought by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board grew its stake in shares of Tiffany & Co. (NYSE:TIF) by 20.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,510 shares of the specialty retailer’s stock after purchasing an additional 36,000 shares during the period. Canada Pension Plan Investment Board owned approximately 0.17% of Tiffany & Co. worth $19,596,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Delphi Private Advisors LLC boosted its position in shares of Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 600 shares in the last quarter. QS Investors LLC boosted its position in shares of Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares in the last quarter. Welch Group LLC boosted its position in shares of Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 8 shares in the last quarter. Wetherby Asset Management Inc. purchased a new stake in shares of Tiffany & Co. during the 2nd quarter worth $201,000. Finally, Commerce Bank purchased a new stake in shares of Tiffany & Co. during the 2nd quarter worth $209,000. Institutional investors own 79.86% of the company’s stock.
Tiffany & Co. (NYSE:TIF) opened at $92.35 on Wednesday. Tiffany & Co. has a one year low of $73.96 and a one year high of $97.29. The company has a current ratio of 5.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.28. The company has a market cap of $11,578.39, a PE ratio of 24.03, a PEG ratio of 2.16 and a beta of 1.96.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the prior year, the company posted $0.84 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. sell-side analysts forecast that Tiffany & Co. will post 3.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is currently 54.35%.
TIF has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Tiffany & Co. in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $106.00 to $94.00 in a research report on Friday, September 22nd. Cowen and Company reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Sunday, September 17th. Zacks Investment Research lowered shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Tiffany & Co. presently has an average rating of “Hold” and a consensus price target of $94.91.
In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total transaction of $414,304,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Francesco Trapani bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were acquired at an average cost of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 267,064 shares of company stock valued at $23,789,094. Corporate insiders own 1.30% of the company’s stock.
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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