National Pension Service boosted its stake in shares of Tiffany & Co. (NYSE:TIF) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,848 shares of the specialty retailer’s stock after buying an additional 12,600 shares during the period. National Pension Service owned 0.11% of Tiffany & Co. worth $12,661,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock valued at $665,271,000 after buying an additional 6,747,028 shares during the period. Investec Asset Management LTD increased its stake in Tiffany & Co. by 85.9% in the first quarter. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer’s stock valued at $195,746,000 after buying an additional 949,105 shares during the period. Renaissance Technologies LLC purchased a new stake in Tiffany & Co. during the first quarter valued at $39,206,000. MARSHALL WACE ASIA Ltd purchased a new stake in Tiffany & Co. during the first quarter valued at $24,716,000. Finally, Vanguard Group Inc. increased its stake in Tiffany & Co. by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,918,876 shares of the specialty retailer’s stock valued at $1,135,869,000 after buying an additional 177,418 shares during the period. 81.15% of the stock is currently owned by institutional investors.
Shares of Tiffany & Co. (NYSE TIF) opened at 93.00 on Friday. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 25.82 and a beta of 1.92. The company has a 50-day moving average price of $93.04 and a 200-day moving average price of $90.01. Tiffany & Co. has a 12 month low of $58.76 and a 12 month high of $97.29.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Tiffany & Co.’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.
The business also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Tuesday, June 20th were paid a $0.50 dividend. This is an increase from Tiffany & Co.’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, June 16th. Tiffany & Co.’s dividend payout ratio is presently 55.56%.
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TIF has been the topic of several recent research reports. Credit Suisse Group reissued a “buy” rating on shares of Tiffany & Co. in a report on Friday, April 14th. Goldman Sachs Group, Inc. (The) raised Tiffany & Co. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $82.00 to $107.00 in a report on Friday, May 12th. Bank of America Corporation reissued a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a report on Wednesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and set a $107.00 target price on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Tiffany & Co. has a consensus rating of “Buy” and an average price target of $92.36.
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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