Gofen & Glossberg LLC IL lifted its holdings in shares of Tiffany & Co. (NYSE:TIF) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,825 shares of the specialty retailer’s stock after buying an additional 1,030 shares during the period. Gofen & Glossberg LLC IL’s holdings in Tiffany & Co. were worth $7,154,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Tiffany & Co. by 2.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,301 shares of the specialty retailer’s stock worth $216,000 after buying an additional 62 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Tiffany & Co. by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 2,885 shares of the specialty retailer’s stock worth $263,000 after buying an additional 69 shares in the last quarter. QS Investors LLC raised its holdings in shares of Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Tiffany & Co. by 3.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,050 shares of the specialty retailer’s stock worth $380,000 after buying an additional 120 shares in the last quarter. Finally, CLS Investments LLC raised its holdings in shares of Tiffany & Co. by 3.7% during the 3rd quarter. CLS Investments LLC now owns 15,610 shares of the specialty retailer’s stock worth $1,433,000 after buying an additional 557 shares in the last quarter. 81.13% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on the company. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Wells Fargo & Co set a $96.00 price target on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Monday, November 27th. Susquehanna Bancshares began coverage on Tiffany & Co. in a report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target for the company. Finally, Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $92.00 to $115.00 in a research report on Thursday, December 14th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus target price of $101.18.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was up 2.8% on a year-over-year basis. equities research analysts expect that Tiffany & Co. will post 3.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is 53.76%.
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Tiffany & Co. Company Profile
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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