Dubuque Bank & Trust Co. boosted its holdings in shares of Tiffany & Co. (NYSE:TIF) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,199 shares of the specialty retailer’s stock after acquiring an additional 1,834 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Tiffany & Co. were worth $2,132,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TIF. Mission Wealth Management LP raised its holdings in shares of Tiffany & Co. by 5.2% during the 4th quarter. Mission Wealth Management LP now owns 2,832 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 141 shares in the last quarter. Comerica Bank boosted its position in Tiffany & Co. by 0.7% in the fourth quarter. Comerica Bank now owns 21,117 shares of the specialty retailer’s stock worth $1,850,000 after purchasing an additional 149 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Tiffany & Co. by 15.5% during the 4th quarter. MCF Advisors LLC now owns 1,118 shares of the specialty retailer’s stock valued at $90,000 after buying an additional 150 shares in the last quarter. LVW Advisors LLC raised its stake in Tiffany & Co. by 4.9% during the 4th quarter. LVW Advisors LLC now owns 3,210 shares of the specialty retailer’s stock valued at $258,000 after purchasing an additional 150 shares during the period. Finally, ETF Managers Group LLC raised its stake in Tiffany & Co. by 15.6% during the 4th quarter. ETF Managers Group LLC now owns 1,331 shares of the specialty retailer’s stock valued at $107,000 after purchasing an additional 180 shares during the period. 86.37% of the stock is owned by institutional investors.
In other news, insider Philippe Galtie sold 1,263 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $88.23, for a total transaction of $111,434.49. Following the completion of the transaction, the insider now owns 6,010 shares of the company’s stock, valued at $530,262.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence K. Fish sold 8,128 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $103.58, for a total transaction of $841,898.24. The disclosure for this sale can be found here. Insiders have sold 16,819 shares of company stock valued at $1,602,466 in the last ninety days. 1.30% of the stock is owned by company insiders.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Friday, March 22nd. The specialty retailer reported $1.60 EPS for the quarter, hitting analysts’ consensus estimates of $1.60. The business had revenue of $1.32 billion during 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 business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. On average, equities analysts anticipate 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. Stockholders of record on Wednesday, March 20th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Tuesday, March 19th. Tiffany & Co.’s dividend payout ratio is currently 47.62%.
Several brokerages recently issued reports on TIF. Loop Capital lifted their target price on Tiffany & Co. to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research raised Tiffany & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Credit Suisse Group boosted their target price on Tiffany & Co. from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. UBS Group boosted their price objective on Tiffany & Co. to $103.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, ValuEngine raised Tiffany & Co. from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Tiffany & Co. has a consensus rating of “Buy” and an average price target of $116.35.
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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.
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