Tiffany & Co. (TIF) Shares Bought by Global Thematic Partners LLC
Global Thematic Partners LLC increased its position in Tiffany & Co. (NYSE:TIF) by 120.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,740 shares of the specialty retailer’s stock after acquiring an additional 112,863 shares during the period. Global Thematic Partners LLC’s holdings in Tiffany & Co. were worth $21,822,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Tiffany & Co. by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 1,122,701 shares of the specialty retailer’s stock valued at $144,795,000 after purchasing an additional 39,759 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Tiffany & Co. by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 687,727 shares of the specialty retailer’s stock valued at $88,693,000 after purchasing an additional 3,053 shares in the last quarter. Blair William & Co. IL lifted its position in Tiffany & Co. by 42.4% during the third quarter. Blair William & Co. IL now owns 2,689 shares of the specialty retailer’s stock valued at $347,000 after purchasing an additional 800 shares in the last quarter. Standard Life Aberdeen plc lifted its position in Tiffany & Co. by 11.1% during the third quarter. Standard Life Aberdeen plc now owns 27,437 shares of the specialty retailer’s stock valued at $3,538,000 after purchasing an additional 2,745 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Tiffany & Co. during the third quarter valued at $778,000. 86.39% of the stock is owned by institutional investors.
Several research firms recently weighed in on TIF. Loop Capital lifted their target price on Tiffany & Co. to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. UBS Group boosted their price objective on Tiffany & Co. to $103.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Credit Suisse Group boosted their price objective on Tiffany & Co. from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Zacks Investment Research upgraded Tiffany & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Bank of America restated a “neutral” rating and issued a $104.00 price objective (up from $95.00) on shares of Tiffany & Co. in a research report on Wednesday, March 20th. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of “Buy” and an average price target of $115.95.
Shares of NYSE:TIF traded up $0.16 during mid-day trading on Thursday, reaching $106.04. The stock had a trading volume of 1,195,866 shares, compared to its average volume of 1,814,967. The company has a current ratio of 5.24, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.86 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.96 and a beta of 1.56. Tiffany & Co. has a 1 year low of $73.04 and a 1 year high of $141.64.
Tiffany & Co. (NYSE:TIF) last posted its earnings results on Friday, March 22nd. The specialty retailer reported $1.60 EPS for the quarter, hitting analysts’ consensus estimates of $1.60. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Tiffany & Co. had a return on equity of 18.52% and a net margin of 13.20%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. On average, research analysts forecast that Tiffany & Co. will post 4.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.20 annualized dividend and a yield of 2.07%. Tiffany & Co.’s payout ratio is currently 47.62%.
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Tiffany & Co. 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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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