Point72 Asset Management L.P. Invests $15.06 Million in Tiffany & Co. (TIF)
Point72 Asset Management L.P. purchased a new stake in shares of Tiffany & Co. (NYSE:TIF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 164,100 shares of the specialty retailer’s stock, valued at approximately $15,061,000. Point72 Asset Management L.P. owned 0.13% of Tiffany & Co. as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of TIF. QS Investors LLC grew its holdings in Tiffany & Co. by 8.2% during the second 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 grew its holdings in Tiffany & Co. by 0.5% during the second 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 position in Tiffany & Co. during the second quarter worth about $201,000. Commerce Bank acquired a new position in Tiffany & Co. during the second quarter worth about $209,000. Finally, Pacer Advisors Inc. grew its holdings in Tiffany & Co. by 8.3% during the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock worth $213,000 after acquiring an additional 174 shares during the period. 81.19% of the stock is currently owned by institutional investors.
In other Tiffany & Co. news, Director Robert S. Singer acquired 1,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was purchased at an average cost of $88.13 per share, for a total transaction of $88,130.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Francesco Trapani acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
Shares of Tiffany & Co. (NYSE TIF) traded up $3.24 on Friday, reaching $99.34. The company had a trading volume of 2,405,300 shares, compared to its average volume of 1,665,336. The stock has a market cap of $11,943.06, a PE ratio of 24.58, a P/E/G ratio of 2.24 and a beta of 1.93. Tiffany & Co. has a 1 year low of $76.08 and a 1 year high of $100.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. During the same period last year, the company posted $0.76 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. equities analysts anticipate that Tiffany & Co. will post 3.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.01%. Tiffany & Co.’s payout ratio is presently 53.76%.
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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