Tiffany & Co. (TIF) Position Decreased by YorkBridge Wealth Partners LLC
YorkBridge Wealth Partners LLC cut its holdings in shares of Tiffany & Co. (NYSE:TIF) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,859 shares of the specialty retailer’s stock after selling 44 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Tiffany & Co. were worth $174,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Welch Group LLC increased its holdings in shares of Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 8 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Tiffany & Co. by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,964 shares of the specialty retailer’s stock valued at $748,000 after buying an additional 25 shares in the last quarter. Fifth Third Bancorp grew its holdings 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. Northwestern Mutual Wealth Management Co. grew its holdings in Tiffany & Co. by 2.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 62 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings 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. 79.71% of the stock is currently owned by institutional investors and hedge funds.
In other Tiffany & Co. news, Director Francesco Trapani bought 25,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was purchased at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert S. Singer bought 1,000 shares of the stock in a transaction on Monday, September 25th. The shares were acquired at an average price of $88.13 per share, with a total value of $88,130.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 267,064 shares of company stock valued at $23,789,094. 1.40% of the stock is owned by insiders.
A number of brokerages have commented on TIF. Goldman Sachs Group, Inc. (The) lowered Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Sunday, September 17th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Finally, Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $92.97.
Tiffany & Co. (NYSE:TIF) traded up 0.92% during trading on Friday, reaching $91.78. The company’s stock had a trading volume of 1,869,156 shares. Tiffany & Co. has a 52-week low of $70.55 and a 52-week high of $97.29. The company has a market cap of $11.43 billion, a PE ratio of 24.93 and a beta of 1.91. The stock has a 50-day moving average price of $90.97 and a 200 day moving average price of $91.89.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $930.19 million. During the same period in the previous year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect 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. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.00 annualized dividend and a yield of 2.18%. Tiffany & Co.’s payout ratio is 54.35%.
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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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