Commerzbank Aktiengesellschaft FI Has $3.55 Million Holdings in Tiffany & Co. (TIF)
Commerzbank Aktiengesellschaft FI lessened its holdings in shares of Tiffany & Co. (NYSE:TIF) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,178 shares of the specialty retailer’s stock after selling 18,322 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Tiffany & Co. were worth $3,553,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Denali Advisors LLC acquired a new stake in shares of Tiffany & Co. during the 4th quarter worth approximately $125,000. 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 acquiring an additional 103 shares in the last quarter. Sawyer & Company Inc acquired a new stake in shares of Tiffany & Co. during the 4th quarter worth approximately $130,000. Osborne Partners Capital Management LLC acquired a new stake in shares of Tiffany & Co. during the 4th quarter worth approximately $208,000. Finally, ING Groep NV acquired a new stake in shares of Tiffany & Co. during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Several analysts recently issued reports on the stock. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. Royal Bank of Canada increased their price target on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Finally, KeyCorp reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, October 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $102.00.
Shares of Tiffany & Co. (NYSE:TIF) opened at $108.52 on Wednesday. Tiffany & Co. has a 52-week low of $77.15 and a 52-week high of $111.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The firm has a market cap of $13,490.00, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.40 and a beta of 1.93.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The firm had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. equities research analysts expect that Tiffany & Co. will post 4.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. Tiffany & Co.’s dividend payout ratio is currently 53.62%.
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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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