Bayesian Capital Management LP increased its position in Tiffany & Co. (NYSE:TIF) by 169.4% during the fourth quarter, Holdings Channel reports. The fund owned 26,282 shares of the company’s stock after buying an additional 16,527 shares during the period. Tiffany & Co. accounts for approximately 0.5% of Bayesian Capital Management LP’s portfolio, making the stock its 15th largest position. Bayesian Capital Management LP’s holdings in Tiffany & Co. were worth $2,035,000 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. Bank of Montreal Can acquired a new position in shares of Tiffany & Co. during the second quarter valued at about $2,222,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Tiffany & Co. by 1.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,276 shares of the company’s stock valued at $683,000 after buying an additional 137 shares during the last quarter. Retirement Design & Management Inc. ADV acquired a new position in shares of Tiffany & Co. during the second quarter valued at about $615,000. Cooke & Bieler LP acquired a new position in shares of Tiffany & Co. during the second quarter valued at about $20,072,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Tiffany & Co. during the second quarter valued at about $6,865,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.
Shares of Tiffany & Co. (NYSE:TIF) traded up 1.63% during midday trading on Tuesday, reaching $82.96. 1,284,535 shares of the company’s stock traded hands. The company has a market capitalization of $10.32 billion, a PE ratio of 23.23 and a beta of 1.89. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $85.44. The stock’s 50 day moving average is $79.03 and its 200-day moving average is $74.89.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Tuesday, November 29th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The business earned $949.30 million during the quarter. During the same quarter last year, the company earned $0.70 EPS. Tiffany & Co.’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts forecast that Tiffany & Co. will post $3.66 earnings per share for the current fiscal year.
“Tiffany & Co. (TIF) Shares Bought by Bayesian Capital Management LP” was reported by sleekmoney and is owned by of sleekmoney. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at http://sleekmoney.com/tiffany-co-tif-shares-bought-by-bayesian-capital-management-lp/1661211.html.
Several research analysts have issued reports on the stock. William Blair reiterated a “market perform” rating on shares of Tiffany & Co. in a report on Monday, February 6th. Zacks Investment Research cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Cowen and Company restated an “outperform” rating and issued a $91.00 price target on shares of Tiffany & Co. in a report on Tuesday, January 17th. Wells Fargo & Company restated an “underperform” rating and issued a $71.00 price target (up from $65.00) on shares of Tiffany & Co. in a report on Tuesday, November 29th. Finally, Jefferies Group LLC restated a “positive” rating and issued a $102.00 price target on shares of Tiffany & Co. in a report on Monday, February 6th. Twelve analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $81.79.
In other Tiffany & Co. news, insider Andrew W. Hart sold 21,504 shares of the stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $80.13, for a total value of $1,723,115.52. Following the completion of the transaction, the insider now owns 7,786 shares in the company, valued at $623,892.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gross Victoria Berger sold 11,000 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $85.00, for a total value of $935,000.00. Following the completion of the transaction, the insider now owns 53,046 shares of the company’s stock, valued at approximately $4,508,910. The disclosure for this sale can be found here. Insiders sold 33,871 shares of company stock valued at $2,764,714 in the last quarter. 1.40% of the stock is currently owned by company insiders.
About Tiffany & Co.
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. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
Want to see what other hedge funds are holding TIF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tiffany & Co. (NYSE:TIF).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/tiffany-co-tif-shares-bought-by-bayesian-capital-management-lp/1661211.html
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.