Teacher Retirement System of Texas purchased a new position in Tiffany & Co. (NYSE:TIF) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 34,035 shares of the specialty retailer’s stock, valued at approximately $3,538,000.
Several other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Tiffany & Co. by 12.8% in the fourth quarter. Victory Capital Management Inc. now owns 2,534,545 shares of the specialty retailer’s stock worth $263,466,000 after acquiring an additional 287,224 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of Tiffany & Co. by 9.1% in the third quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after acquiring an additional 191,783 shares during the last quarter. Janus Henderson Group PLC lifted its position in Tiffany & Co. by 22.9% during the third quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock worth $136,776,000 after buying an additional 277,753 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in Tiffany & Co. by 300.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after buying an additional 991,802 shares in the last quarter. Finally, Global Thematic Partners LLC lifted its position in Tiffany & Co. by 18.0% during the fourth quarter. Global Thematic Partners LLC now owns 725,303 shares of the specialty retailer’s stock worth $75,397,000 after buying an additional 110,608 shares in the last quarter. 81.34% of the stock is currently owned by hedge funds and other institutional investors.
In other Tiffany & Co. news, SVP Philippe Galtie sold 24,758 shares of Tiffany & Co. stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $109.79, for a total value of $2,718,180.82. Following the sale, the senior vice president now owns 10,813 shares in the company, valued at $1,187,159.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer bought 2,000 shares of Tiffany & Co. stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $99.49 per share, for a total transaction of $198,980.00. The disclosure for this purchase can be found here. Insiders sold 92,217 shares of company stock worth $10,076,469 in the last 90 days. Company insiders own 1.30% of the company’s stock.
Shares of Tiffany & Co. (TIF) opened at $101.47 on Monday. Tiffany & Co. has a 1 year low of $83.02 and a 1 year high of $111.44. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12,610.43, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.80.
Tiffany & Co. (NYSE:TIF) last posted 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. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts expect that Tiffany & Co. will post 4.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.97%. Tiffany & Co.’s dividend payout ratio is currently 53.76%.
TIF has been the topic of a number of analyst reports. 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. 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. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. Finally, SBG Securities downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $102.00.
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.
Want to see what other hedge funds are holding TIF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tiffany & Co. (NYSE:TIF).
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.