Tiffany & Co. (TIF) Shares Bought by Northwestern Mutual Wealth Management Co.
Northwestern Mutual Wealth Management Co. lifted its position in Tiffany & Co. (NYSE:TIF) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,301 shares of the specialty retailer’s stock after purchasing an additional 62 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tiffany & Co. were worth $216,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Delphi Private Advisors LLC raised its stake in shares of Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 600 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 62 shares during the last quarter. Welch Group LLC raised its stake 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 worth $145,000 after purchasing an additional 8 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Tiffany & Co. by 3.3% in the first quarter. Pacer Advisors Inc. now owns 2,093 shares of the specialty retailer’s stock worth $199,000 after purchasing an additional 66 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of Tiffany & Co. in the first quarter worth about $200,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.
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In other news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total transaction of $414,304,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francesco Trapani bought 56,064 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average cost of $88.03 per share, with a total value of $4,935,313.92. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 241,064 shares of company stock valued at $21,467,464. Company insiders own 1.30% of the company’s stock.
Shares of Tiffany & Co. (NYSE TIF) opened at 89.47 on Tuesday. Tiffany & Co. has a 52 week low of $70.55 and a 52 week high of $97.29. The stock has a 50 day moving average price of $91.11 and a 200-day moving average price of $91.89. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 24.30 and a beta of 1.91.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. On average, analysts anticipate that Tiffany & Co. will post $3.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio (DPR) is 54.35%.
Several brokerages have recently issued reports on TIF. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $104.00 price objective on shares of Tiffany & Co. in a research note on Thursday, June 1st. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, August 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $88.00 price objective (down from $93.00) on shares of Tiffany & Co. in a research note on Thursday, May 25th. BidaskClub upgraded Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, May 24th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $92.81.
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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