Fiera Capital Corp Acquires 149,852 Shares of Tiffany & Co. (TIF)
Fiera Capital Corp boosted its holdings in Tiffany & Co. (NYSE:TIF) by 30.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 642,305 shares of the specialty retailer’s stock after buying an additional 149,852 shares during the period. Fiera Capital Corp owned approximately 0.52% of Tiffany & Co. worth $60,294,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Delphi Private Advisors LLC grew its stake in Tiffany & Co. by 100.0% in the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp grew its stake in Tiffany & Co. by 6.0% in the 1st quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 62 shares in the last quarter. IFP Advisors Inc grew its stake in Tiffany & Co. by 66.9% in the 1st quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock valued at $118,000 after buying an additional 496 shares in the last quarter. Welch Group LLC grew its stake in Tiffany & Co. by 0.5% in the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 8 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Tiffany & Co. by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock valued at $199,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.
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Tiffany & Co. (NYSE:TIF) traded up 0.19% during mid-day trading on Wednesday, hitting $96.66. 106,238 shares of the stock were exchanged. The company has a 50-day moving average of $91.47 and a 200-day moving average of $91.85. The stock has a market capitalization of $12.04 billion, a PE ratio of 26.25 and a beta of 1.91. Tiffany & Co. has a 52 week low of $67.52 and a 52 week high of $97.29.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. Tiffany & Co.’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. On average, equities analysts predict that Tiffany & Co. will post $3.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 annualized dividend and a yield of 2.07%. Tiffany & Co.’s payout ratio is 54.35%.
A number of research firms recently weighed in on TIF. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Friday, September 8th. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Jefferies Group LLC set a $110.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, BidaskClub lowered shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $92.81.
In related news, Director Francesco Trapani bought 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $89.34 per share, with a total value of $3,126,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pamela H. Cloud sold 37,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the transaction, the insider now directly owns 47,261 shares of the company’s stock, valued at $4,419,848.72. The disclosure for this sale can be found here. Insiders have purchased 241,064 shares of company stock valued at $21,467,464 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
Tiffany & Co. 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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