Tiffany & Co. (TIF) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tiffany & Co. (NYSE:TIF) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,569 shares of the specialty retailer’s stock after acquiring an additional 1,553 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tiffany & Co. were worth $2,347,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in TIF. QS Investors LLC lifted its position in shares of Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 103 shares in the last quarter. Welch Group LLC lifted its position in shares of Tiffany & Co. by 0.5% in the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 8 shares in the last quarter. Wetherby Asset Management Inc. purchased a new position in shares of Tiffany & Co. in the second quarter valued at about $201,000. Commerce Bank purchased a new position in shares of Tiffany & Co. in the second quarter valued at about $209,000. Finally, Pacer Advisors Inc. lifted its position in shares of Tiffany & Co. by 8.3% in the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.
Shares of Tiffany & Co. (NYSE:TIF) traded up $2.75 during midday trading on Friday, reaching $97.25. The company’s stock had a trading volume of 3,090,104 shares, compared to its average volume of 1,500,335. The company has a quick ratio of 2.29, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 52 week low of $76.08 and a 52 week high of $98.58. The company has a market capitalization of $11,744.21, a PE ratio of 24.17, a P/E/G ratio of 2.20 and a beta of 1.94.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts predict that Tiffany & Co. will post 3.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a yield of 2.06%. Tiffany & Co.’s payout ratio is currently 53.76%.
In related news, Director Robert S. Singer acquired 1,000 shares of Tiffany & Co. stock in a transaction on Monday, September 25th. The shares were bought at an average cost of $88.13 per share, with a total value of $88,130.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francesco Trapani acquired 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The shares were bought at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.
Several equities analysts have recently commented on TIF shares. upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $110.00 in a research report on Monday, October 2nd. Cowen restated a “buy” rating on shares of Tiffany & Co. in a research report on Sunday, September 17th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Jefferies Group set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Tiffany & Co. presently has an average rating of “Hold” and an average target price of $98.69.
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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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