Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Sei Investments Co.'s holdings in Tiffany & Co. were worth $1,351,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Tiffany & Co.by 2,886.2% in the first quarter. Advisory Services Network LLC now owns 3,634 shares of the specialty retailer's stock worth $341,000 after buying an additional 2,235 shares in the last quarter. Investec Asset Management LTD increased its stake in shares of Tiffany & Co.by 85.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,808 shares of the specialty retailer's stock worth $1,030,000 after buying an additional 973 shares during the period. Sentry Investment Management LLC boosted its stake in shares of Tiffany & Co.by 1.5% in the second quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Tiffany & Co. during the second quarter worth $1,286,000. Jefferies Group analyst R. Konik now anticipates that the specialty retailer will earn $4.70 per share for the year, down from their previous forecast of $4.75.
Needle moving action has been spotted in Wells Fargo & Co (WFC) as shares are moving today on volatility 0.27% or $0.14 from the open. The firm has a market cap of $10.99 billion, a P/E ratio of 23.98 and a beta of 1.92.
Tiffany & Co. (NYSE:TIF) shares have been on a recent steady downtrend, causing some worry for shareholders.
Tiffany & Co. (TIF) closed 0.64% above its 200-day moving average and is -3.98% below another chart threshold, its 50-day moving average.
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Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. (NYSE:TIF) has risen 46.84% since August 30, 2016 and is uptrending. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.86 by $0.06. Tiffany & Co. The company had revenue of $960 million during the quarter, compared to the consensus estimate of $930.19 million. During the same period a year ago, the firm earned $0.84 EPS. The Rockland Trust Co holds 91,392 shares with $7.08M value, down from 101,229 last quarter. On average, analysts expect that Tiffany & Co. will post $3.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Wednesday, September 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This dividend amount will represent a yeild of $2.24. Tiffany & Co.'s dividend payout ratio is presently 55.56%.
TRADEMARK VIOLATION WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and global trademark & copyright legislation. BidaskClub upgraded shares of Tiffany & Co. from a "buy" rating to a "strong-buy" rating in a report on Tuesday, July 25th.
On July 19 analysts at Needham starting coverage on TIF setting a rating of "Hold". Bank of America Corporation restated a "buy" rating and set a $110.00 price objective on shares of Tiffany & Co.in a report on Wednesday, June 28th. Jefferies Group LLC set a $110.00 price objective on Tiffany & Co. and gave the stock a "buy" rating in a research note on Wednesday, August 16th. Cowen and Company reissued an "outperform" rating and set a $107.00 price objective on shares of Tiffany & Co.in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc.
Checking on current price levels compared to prior highs and lows, we have seen that Tiffany & Co. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of "Buy" and a consensus target price of $92.81.
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