Tiffany & Co. (NYSE:TIF) Position Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership held its stake in shares of Tiffany & Co. (NYSE:TIF) during the second quarter, Holdings Channel reports. The firm owned 2,605 shares of the specialty retailer’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Tiffany & Co. were worth $244,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in TIF. BlackRock Inc. raised its position in Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock valued at $665,271,000 after buying an additional 6,747,028 shares during the last quarter. Investec Asset Management LTD raised its position in Tiffany & Co. by 85.9% in the first quarter. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer’s stock valued at $195,746,000 after buying an additional 949,105 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Tiffany & Co. during the first quarter valued at approximately $39,206,000. MARSHALL WACE ASIA Ltd acquired a new position in Tiffany & Co. during the first quarter valued at approximately $24,716,000. Finally, Vanguard Group Inc. raised its position in Tiffany & Co. by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,918,876 shares of the specialty retailer’s stock valued at $1,135,869,000 after buying an additional 177,418 shares during the last quarter. Institutional investors and hedge funds own 81.06% of the company’s stock.
Tiffany & Co. (TIF) opened at 91.24 on Thursday. The stock’s 50 day moving average price is $93.05 and its 200-day moving average price is $90.41. Tiffany & Co. has a one year low of $64.73 and a one year high of $97.29. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 25.33 and a beta of 1.92.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The business had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. Tiffany & Co.’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, equities research analysts anticipate that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.
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Several research firms have recently commented on TIF. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $104.00 price objective on shares of Tiffany & Co. in a research note on Thursday, June 1st. Bank of America Corporation reiterated a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research note on Wednesday, May 10th. Royal Bank Of Canada reiterated 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. BidaskClub upgraded shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.36.
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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