Tiffany & Co. (NYSE:TIF).
Norges Bank says it increased its position in Tiffany & Co. shares by 221,239 shares in the last quarter. Its investment stood at $80,766,000 a decrease of 0.9% as of the end of the quarter.
Here are some other firms who have updated their holdings. As of quarter end Jpmorgan Chase & Co had acquired a total of 267,033 shares growing its position 293,442.9%. The value of the investment in (TIF) went from $9,000 to $25,075,000 increasing 278,511.1% quarter over quarter. Cannell Peter B & Co Inc reduced its position by selling 29,495 shares a decrease of 10.6% as of 06/30/2017. Cannell Peter B & Co Inc now controls 249,550 shares worth $23,425,000. The total value of its holdings decreased 11.9%.
Oppenheimer & Co Inc divested its holdings by shedding 2,317 shares a decrease of 1.9% in the quarter. Oppenheimer & Co Inc currently owns 121,833 shares with a value of $11,436,000. The value of the position overall is down by 3.3%.
Equity analyst Needham added TIF to its research portfolio giving it an initial rating of “Hold”. On May 12, 2017 the stock rating was rated “Buy” by Goldman Sachs a boost from the previous “Neutral” rating.
November 30 investment analysts at Nomura kept the stock rating at “Buy” and lowered the price expectation from $110.00 to $84.00. On November 23 Oppenheimer made no change to the stock rating of “Outperform” and moved up the price target to $87.00 from $70.00.
On November 11 the stock rating was upgraded to “Outperform” from “” in a report from Cowen & Co.. Guggenheim Securities initiated coverage with a rating of “Buy”.
The company is now down by -0.59% since yesterday’s close of $91.32. Additionally Tiffany & Co. recently declared a dividend for shareholders which was paid on Monday July 10th, 2017. The dividend payment was $0.500 per share for the quarter which comes to $2.00 on an annualized basis. This dividend represents a yeild of $2.17 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 16th of June 2017.
Shares are trading at $90.78 which is just under the 50 day moving average which is $93.15 and which is marginally higher than the 200 day moving average of $90.07. The 50 day moving average moved down $-2.10 whereas the 200 day average was up by +1.09%.
The P/E ratio is currently 25.28 and market cap is 11.35B. As of the last earnings report the EPS was $3.60 and is expected to be $3.96 for the current year with 124,648,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.78 with next year’s EPS anticipated to be $4.30.