Arizona State Retirement System increased its holdings in shares of Tiffany & Co. (NYSE:TIF) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,326 shares of the specialty retailer’s stock after buying an additional 8,273 shares during the quarter. Arizona State Retirement System’s holdings in Tiffany & Co. were worth $10,637,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in Tiffany & Co. by 25.5% during the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock worth $3,455,000 after buying an additional 7,484 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Tiffany & Co. by 489.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,941 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 3,272 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Tiffany & Co. during the third quarter worth about $274,000. Investec Asset Management LTD increased its stake in Tiffany & Co. by 9.1% during the third quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after acquiring an additional 191,783 shares during the last quarter. Finally, KBC Group NV increased its stake in Tiffany & Co. by 50.5% during the third quarter. KBC Group NV now owns 38,769 shares of the specialty retailer’s stock worth $3,558,000 after acquiring an additional 13,013 shares during the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.
Shares of Tiffany & Co. (NYSE TIF) opened at $101.47 on Friday. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 12 month low of $83.02 and a 12 month high of $111.44. The stock has a market capitalization of $12,610.00, a PE ratio of 27.20, a PEG ratio of 2.14 and a beta of 1.80.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. Tiffany & Co.’s dividend payout ratio (DPR) is currently 53.62%.
In related news, Director Robert S. Singer bought 2,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $99.49 per share, for a total transaction of $198,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philippe Galtie sold 673 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $107.92, for a total value of $72,630.16. Following the completion of the sale, the insider now owns 673 shares of the company’s stock, valued at approximately $72,630.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,217 shares of company stock valued at $10,076,469. Insiders own 1.40% of the company’s stock.
Several equities research analysts have commented on TIF shares. Cowen set a $102.00 price target on Tiffany & Co. and gave the stock a “buy” rating in a research note on Thursday, November 30th. Oppenheimer restated a “buy” rating and set a $105.00 price target on shares of Tiffany & Co. in a research note on Wednesday, November 29th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Monday, November 27th. Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $92.00 to $115.00 in a research note on Thursday, December 14th. Finally, Royal Bank of Canada set a $94.00 price target on Tiffany & Co. and gave the stock a “hold” rating in a research note on Thursday, November 30th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Tiffany & Co. presently has an average rating of “Buy” and an average price target of $102.00.
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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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