LGT Capital Partners LTD. Sells 9,780 Shares of Tiffany & Co. (TIF)
LGT Capital Partners LTD. decreased its position in Tiffany & Co. (NYSE:TIF) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,830 shares of the specialty retailer’s stock after selling 9,780 shares during the period. Tiffany & Co. accounts for 1.7% of LGT Capital Partners LTD.’s portfolio, making the stock its 24th largest position. LGT Capital Partners LTD.’s holdings in Tiffany & Co. were worth $18,381,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. QS Investors LLC boosted its holdings in 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 during the last quarter. Commerce Bank bought a new position in Tiffany & Co. in the second quarter valued at about $209,000. Pacer Advisors Inc. boosted its holdings in 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 during the last quarter. ING Groep NV bought a new position in Tiffany & Co. in the third quarter valued at about $213,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Tiffany & Co. by 2.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock valued at $216,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 81.12% of the company’s stock.
TIF has been the topic of several recent research reports. Cowen set a $102.00 price target on Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Oppenheimer reiterated a “buy” rating and issued a $105.00 price target on shares of Tiffany & Co. in a report on Wednesday, November 29th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Monday, November 27th. raised Tiffany & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $90.00 to $110.00 in a research note on Monday, October 2nd. Finally, Citigroup raised Tiffany & Co. from a “neutral” rating to a “buy” rating and increased their target price for the company from $92.00 to $115.00 in a research note on Thursday, December 14th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $101.18.
Tiffany & Co. (NYSE:TIF) traded up $1.86 during trading hours on Thursday, reaching $107.71. The company’s stock had a trading volume of 529,969 shares, compared to its average volume of 1,970,357. Tiffany & Co. has a 1 year low of $76.40 and a 1 year high of $108.19. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $13,160.00, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.93.
Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the 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 firm had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. sell-side analysts expect that Tiffany & Co. will post 3.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is currently 53.62%.
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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