Economy

Shares in Tiffany & Co. (TIF) Acquired by Allen Investment Management LLC

Here is a rundown on some insider market activity for Tiffany & Co. The fund owned 24,016 shares of the specialty retailer's stock after selling 23,050 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Tiffany & Co. were worth $2,254,000 as of its most recent SEC filing. BlackRock Inc. grew its position in Tiffany & Co.by 2,886.2% in the first quarter. Cantab Capital Partners Llp controls 15,826 shares with a value of $1,486,000,000. They see Tiffany & Co. Investec Asset Management LTD now owns 2,053,994 shares of the specialty retailer's stock worth $195,746,000 after buying an additional 949,105 shares during the period. Victory Capital Management Inc. boosted its position in shares of Tiffany & Co.by 21.0% during the second quarter. As of quarter end Cantab Capital Partners Llp had bought 12,821 shares growing its stake by 426.7%. Macquarie Group Ltd. lifted its stake in shares of Tiffany & Co.by 325.0% in the fourth quarter.

Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $86.38. The stock had a trading volume of 722,453 shares. Tiffany & Co. The stock has a market capitalization of $11.32 billion, a P/E ratio of 24.70 and a beta of 1.91.

Tiffany & Co.is trading down by 4.71% at $91.01 giving up $4.50.

"Is Overvalued; Low Returns Should Be Expected" published on September 12, 2017, Forbes.com published: "Why Tiffany & Co.'s $19.4M Court Win Against Costco Is Correct - And Important" on August 15, 2017. (NYSE:TIF) rating on Wednesday, August 16. Tiffany & Co. The company's revenue for the quarter was up 1.2% compared to the same quarter a year ago. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.09. Tiffany & Co.'s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. In the last earnings report the EPS was $3.68 and is estimated to be $3.97 for the current year with 124,512,000 shares presently outstanding.

Additionally the company announced a dividend to be paid on Tuesday October 10th, 2017.

BP p.l.c.is maintained at an average outperform rating by 10 stock analysts, and there are at least 0.27% of shares outstanding that are now legally short sold. Launches A New Fragrance And Elvis Presley Was Almost In The ..." with publication date: "September 07, 2017. This dividend amount will represent a yeild of $2.07.

Investors are more bullish on shares of Tiffany & Co. of late as indicated by the fall in short interest. The stock was purchased at an average cost of $88.69 per share, with a total value of $6,746,116.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

In other Tiffany & Co. news, insider Andrew W. Hart sold 21,504 shares of the firm's stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $93.52, for a total transaction of $3,460,240.00.

The company is now down from yesterday's close of 95.51. The disclosure for this purchase can be found here. When looking at the past five sessions, the stock returned 1.9% gains and is up by 2.01% compared with its 200-day moving average of $34.96. Corporate insiders own 1.40% of the company's stock.

Several equities analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (NYSE:TIF), 13 have Buy rating, 0 Sell and 9 Hold. (NYSE:TIF) on Friday, August 25 with "Hold" rating. The company has a consensus rating of "Buy" and an average target price of $81.79. Finally, Oppenheimer Holdings, Inc. reaffirmed a "buy" rating on shares of Tiffany & Co.in a research report on Friday, September 8th. Twelve research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and global trademark and copyright laws. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law. The legal version of this news story can be read at https://stocknewstimes.com/2017/09/15/allen-investment-management-llc-takes-position-in-tiffany-co-tif.html.

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company's principal subsidiary, Tiffany and Company, is a jeweler and specialty retailer.



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