Schwab Charles Investment Management Inc. Buys 3,034 Shares of Tiffany & Co. (TIF)
Schwab Charles Investment Management Inc. increased its stake in shares of Tiffany & Co. (NYSE:TIF) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 371,811 shares of the specialty retailer’s stock after acquiring an additional 3,034 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Tiffany & Co. were worth $38,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. QS Investors LLC grew 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 last quarter. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. in the 4th quarter worth approximately $130,000. ING Groep NV bought a new stake in shares of Tiffany & Co. in the 3rd quarter worth approximately $213,000. Breton Hill Capital Ltd. bought a new stake in shares of Tiffany & Co. in the 3rd quarter worth approximately $226,000. Finally, Caxton Associates LP bought a new stake in shares of Tiffany & Co. in the 2nd quarter worth approximately $235,000. Institutional investors and hedge funds own 81.33% of the company’s stock.
TIF has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Cowen set a $102.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, KeyCorp upgraded Tiffany & Co. from a “sector weight” rating to an “overweight” rating and lifted their price objective for the stock from $94.50 to $115.00 in a research report on Friday, December 1st. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $102.00.
Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. The company had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. analysts expect that Tiffany & Co. will post 4.08 earnings per share for the current year.
In other news, insider Jean-Marc Bellaiche sold 9,170 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $109.47, for a total value of $1,003,839.90. Following the completion of the transaction, the insider now owns 14,183 shares in the company, valued at approximately $1,552,613.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Philippe Galtie sold 24,758 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $109.79, for a total value of $2,718,180.82. Following the completion of the transaction, the senior vice president now owns 10,813 shares of the company’s stock, valued at approximately $1,187,159.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,217 shares of company stock valued at $10,076,469. 1.40% of the stock is currently owned by company insiders.
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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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