Swiss National Bank grew its holdings in Tiffany & Co. (NYSE:TIF) by 22.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,855 shares of the specialty retailer’s stock after purchasing an additional 76,000 shares during the period. Swiss National Bank owned about 0.35% of Tiffany & Co. worth $54,242,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Advisor Partners LLC increased its holdings in shares of Tiffany & Co. by 53.4% in the 4th quarter. Advisor Partners LLC now owns 7,375 shares of the specialty retailer’s stock worth $989,000 after purchasing an additional 2,566 shares in the last quarter. American International Group Inc. increased its holdings in shares of Tiffany & Co. by 2.0% in the 4th quarter. American International Group Inc. now owns 39,340 shares of the specialty retailer’s stock worth $5,258,000 after purchasing an additional 769 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter worth $921,000. FIL Ltd increased its holdings in shares of Tiffany & Co. by 235.5% in the 4th quarter. FIL Ltd now owns 710,586 shares of the specialty retailer’s stock worth $94,969,000 after purchasing an additional 498,808 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Tiffany & Co. by 11.9% in the 4th quarter. Arizona State Retirement System now owns 78,019 shares of the specialty retailer’s stock worth $10,427,000 after purchasing an additional 8,280 shares in the last quarter. 82.21% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. William Blair restated a “hold” rating on shares of Tiffany & Co. in a research note on Monday, March 23rd. Zacks Investment Research upgraded Tiffany & Co. from a “sell” rating to a “hold” rating and set a $133.00 price target on the stock in a research note on Monday, March 23rd. Nineteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tiffany & Co. currently has a consensus rating of “Hold” and a consensus target price of $122.76.
NYSE TIF opened at $125.07 on Friday. The company has a market capitalization of $15.33 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 3.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.45 and a current ratio of 3.99. The business’s fifty day moving average is $127.79 and its 200 day moving average is $130.40. Tiffany & Co. has a fifty-two week low of $78.60 and a fifty-two week high of $134.42.
Tiffany & Co. (NYSE:TIF) last released its earnings results on Friday, March 20th. The specialty retailer reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Tiffany & Co. had a return on equity of 17.39% and a net margin of 12.23%. Tiffany & Co.’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. On average, sell-side analysts forecast that Tiffany & Co. will post 3.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 19th. This represents a $2.32 annualized dividend and a yield of 1.85%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 50.54%.
Tiffany & Co. Company Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.
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