2,461 Shares in Tiffany & Co. (TIF) Acquired by Breton Hill Capital Ltd.
Breton Hill Capital Ltd. purchased a new position in Tiffany & Co. (NYSE:TIF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,461 shares of the specialty retailer’s stock, valued at approximately $226,000.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Tiffany & Co. by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock worth $1,147,947,000 after purchasing an additional 310,235 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Tiffany & Co. by 2.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock worth $388,715,000 after purchasing an additional 109,926 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Tiffany & Co. by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after purchasing an additional 411,487 shares in the last quarter. Investec Asset Management LTD lifted its stake in Tiffany & Co. by 2.2% in the 2nd quarter. Investec Asset Management LTD now owns 2,098,510 shares of the specialty retailer’s stock worth $196,987,000 after purchasing an additional 44,516 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Tiffany & Co. by 9,785.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock worth $113,818,000 after purchasing an additional 1,200,235 shares in the last quarter. Institutional investors and hedge funds own 79.42% of the company’s stock.
In other Tiffany & Co. news, Director Francesco Trapani bought 56,064 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of $88.03 per share, with a total value of $4,935,313.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pamela H. Cloud sold 37,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the transaction, the insider now directly owns 47,261 shares of the company’s stock, valued at approximately $4,419,848.72. The disclosure for this sale can be found here. In the last three months, insiders have purchased 267,064 shares of company stock valued at $23,789,094. 1.30% of the stock is currently owned by corporate insiders.
Tiffany & Co. (NYSE:TIF) traded up $0.57 during midday trading on Monday, hitting $91.57. 1,813,500 shares of the company’s stock were exchanged, compared to its average volume of 1,669,616. The stock has a market capitalization of $11,401.58, a PE ratio of 23.66, a P/E/G ratio of 2.15 and a beta of 1.96. Tiffany & Co. has a fifty-two week low of $75.33 and a fifty-two week high of $97.29. The company has a current ratio of 5.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.28.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The business had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.84 earnings per share. sell-side analysts forecast that Tiffany & Co. will post 3.95 earnings per share for the current year.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, August 14th. BidaskClub upgraded shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Tiffany & Co. in a research note on Friday, October 13th. Susquehanna Bancshares Inc assumed coverage on shares of Tiffany & Co. in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 target price on the stock. Finally, Needham & Company LLC assumed coverage on shares of Tiffany & Co. in a research note on Tuesday, July 18th. They issued a “hold” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $94.91.
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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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