Tiffany & Co. (TIF) Holding Trimmed by Asset Management One Co. Ltd.

Tiffany & Co. (TIF) Holding Trimmed by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its position in shares of Tiffany & Co. (NYSE:TIF) by 9.9% during the first quarter, Holdings Channel reports. The fund owned 188,988 shares of the specialty retailer’s stock after selling 20,838 shares during the period. Asset Management One Co. Ltd.’s holdings in Tiffany & Co. were worth $18,011,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIF. IFP Advisors Inc raised its position in shares of Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after buying an additional 496 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tiffany & Co. during the fourth quarter worth $101,000. Advisory Services Network LLC bought a new position in shares of Tiffany & Co. during the first quarter worth $133,000. Welch Group LLC raised its position in shares of Tiffany & Co. by 0.6% in the first quarter. Welch Group LLC now owns 1,541 shares of the specialty retailer’s stock worth $147,000 after buying an additional 9 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock worth $132,000 after buying an additional 1,300 shares during the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Tiffany & Co. (NYSE:TIF) traded up 0.84% during trading on Friday, hitting $89.99. 3,115,325 shares of the company’s stock traded hands. The company’s 50 day moving average price is $91.13 and its 200 day moving average price is $85.94. Tiffany & Co. has a 52-week low of $56.99 and a 52-week high of $97.29. The company has a market cap of $11.22 billion, a PE ratio of 24.98 and a beta of 1.89.

Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The company had revenue of $899.60 million for the quarter, compared to analysts’ expectations of $915.48 million. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. Analysts expect that Tiffany & Co. will post $3.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Tuesday, June 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. This is a boost from Tiffany & Co.’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 16th. Tiffany & Co.’s payout ratio is presently 50.42%.

A number of brokerages have weighed in on TIF. Jefferies Group LLC reaffirmed a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, May 24th. Oppenheimer Holdings Inc. set a $105.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Wednesday, May 24th. Goldman Sachs Group Inc cut their price target on shares of Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $88.00 price target (down previously from $93.00) on shares of Tiffany & Co. in a research note on Thursday, May 25th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Tiffany & Co. in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $92.36.

In other news, insider Winter Jennifer De sold 927 shares of Tiffany & Co. stock in a transaction on Friday, April 7th. The stock was sold at an average price of $93.60, for a total transaction of $86,767.20. Following the sale, the insider now directly owns 3,325 shares in the company, valued at approximately $311,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Caroline D. Naggiar sold 22,315 shares of Tiffany & Co. stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $93.44, for a total value of $2,085,113.60. Following the sale, the insider now owns 29,319 shares in the company, valued at $2,739,567.36. The disclosure for this sale can be found here. Insiders have sold a total of 90,838 shares of company stock worth $8,550,648 over the last quarter. Company insiders own 1.40% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TIF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

Related posts

Leave a Comment