154,900 Shares in Tiffany & Co. (TIF) Acquired by Junto Capital Management LP
Junto Capital Management LP acquired a new position in Tiffany & Co. (NYSE:TIF) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 154,900 shares of the specialty retailer’s stock, valued at approximately $14,540,000. Tiffany & Co. makes up approximately 1.3% of Junto Capital Management LP’s holdings, making the stock its 28th biggest position. Junto Capital Management LP owned about 0.12% of Tiffany & Co. at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TIF. Delphi Private Advisors LLC increased its holdings 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 worth $100,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp boosted its position in 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. QS Investors LLC boosted its position in Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares during the last quarter. Welch Group LLC boosted its position in 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. Finally, Pacer Advisors Inc. boosted its position in 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. Institutional investors own 79.71% of the company’s stock.
Tiffany & Co. (NYSE:TIF) traded up 0.58% during mid-day trading on Thursday, reaching $90.39. The company’s stock had a trading volume of 398,229 shares. Tiffany & Co. has a 12-month low of $70.55 and a 12-month high of $97.29. The firm’s 50 day moving average is $90.97 and its 200-day moving average is $91.89. The company has a market cap of $11.25 billion, a PE ratio of 24.55 and a beta of 1.91.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $930.19 million. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. Tiffany & Co.’s payout ratio is 54.35%.
In other Tiffany & Co. news, Director Francesco Trapani bought 35,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was bought at an average price of $89.34 per share, with a total value of $3,126,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 242,064 shares of company stock worth $21,555,594. 1.40% of the stock is currently owned by company insiders.
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A number of research analysts have recently weighed in on TIF shares. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Needham & Company LLC started coverage on Tiffany & Co. in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Jefferies Group LLC set a $110.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, August 14th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $92.25.
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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