Xact Kapitalforvaltning AB grew its holdings in Tiffany & Co. (NYSE:TIF) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,263 shares of the specialty retailer’s stock after purchasing an additional 1,569 shares during the period. Xact Kapitalforvaltning AB’s holdings in Tiffany & Co. were worth $1,691,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TIF. Calton & Associates Inc. purchased a new stake in shares of Tiffany & Co. in the fourth quarter valued at $118,000. Denali Advisors LLC purchased a new stake in shares of Tiffany & Co. in the fourth quarter valued at $125,000. Sawyer & Company Inc purchased a new stake in shares of Tiffany & Co. in the fourth quarter valued at $130,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Tiffany & Co. by 103.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 697 shares in the last quarter. Finally, Osborne Partners Capital Management LLC purchased a new stake in shares of Tiffany & Co. in the fourth quarter valued at $208,000. Institutional investors own 83.27% of the company’s stock.
Tiffany & Co. stock opened at $97.66 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.39 and a current ratio of 5.50. The firm has a market cap of $12,136.93, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.00 and a beta of 1.78. Tiffany & Co. has a one year low of $84.15 and a one year high of $111.44.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s payout ratio is 48.43%.
Several analysts recently issued reports on TIF shares. KeyCorp upgraded Tiffany & Co. from a “sector weight” rating to an “overweight” rating and increased their price objective for the stock from $94.50 to $115.00 in a report on Friday, December 1st. Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $92.00 to $115.00 in a report on Thursday, December 14th. JPMorgan Chase & Co. started coverage on Tiffany & Co. in a report on Monday, December 18th. They set a “neutral” rating and a $103.00 price objective for the company. Wells Fargo set a $96.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, Royal Bank of Canada increased their price objective on Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $106.88.
In other Tiffany & Co. news, SVP Philippe Galtie sold 24,758 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $109.79, for a total transaction of $2,718,180.82. Following the transaction, the senior vice president now directly owns 10,813 shares of the company’s stock, valued at $1,187,159.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew W. Hart sold 776 shares of the stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $96.46, for a total transaction of $74,852.96. Following the transaction, the insider now directly owns 9,695 shares in the company, valued at $935,179.70. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 42,000 shares of company stock worth $4,124,730 and have sold 139,636 shares worth $14,979,843. Corporate insiders own 1.40% of the company’s stock.
Tiffany & Co. Company 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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