Tiffany & Co. (TIF) Shares Bought by Kiwi Wealth Investments Limited Partnership
Kiwi Wealth Investments Limited Partnership increased its holdings in shares of Tiffany & Co. (NYSE:TIF) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,522 shares of the specialty retailer’s stock after buying an additional 4,595 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Tiffany & Co. were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Delphi Private Advisors LLC lifted its position in Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 600 shares during the period. QS Investors LLC lifted its position in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares during the period. Welch Group LLC lifted its position in 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 period. Wetherby Asset Management Inc. acquired a new stake in Tiffany & Co. during the 2nd quarter worth about $201,000. Finally, Commerce Bank acquired a new position in shares of Tiffany & Co. in the 2nd quarter valued at about $209,000. 79.42% of the stock is owned by institutional investors.
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In other news, Director Robert S. Singer acquired 1,000 shares of Tiffany & Co. stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average price of $88.13 per share, for a total transaction of $88,130.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Francesco Trapani acquired 48,936 shares of Tiffany & Co. stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $89.16 per share, with a total value of $4,363,133.76. The disclosure for this purchase can be found here. Insiders have bought 267,064 shares of company stock valued at $23,789,094 in the last quarter. Insiders own 1.40% of the company’s stock.
Several equities analysts recently weighed in on TIF shares. KeyCorp restated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Susquehanna Bancshares Inc started coverage on Tiffany & Co. in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price target for the company. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Tuesday, October 17th. Finally, Cowen and Company set a $102.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $94.91.
Shares of Tiffany & Co. (NYSE TIF) traded down $1.04 during mid-day trading on Thursday, hitting $92.51. The company’s stock had a trading volume of 1,106,300 shares, compared to its average volume of 1,660,547. Tiffany & Co. has a 12 month low of $75.33 and a 12 month high of $97.29. The stock has a market capitalization of $11,648.12, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.19 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.29 and a current ratio of 5.75.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. research analysts forecast that Tiffany & Co. will post 3.95 EPS for the current fiscal year.
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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