Global Thematic Partners LLC Increases Position in Tiffany & Co. (NYSE:TIF)

Global Thematic Partners LLC grew its holdings in Tiffany & Co. (NYSE:TIF) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 725,303 shares of the specialty retailer’s stock after acquiring an additional 110,608 shares during the period. Tiffany & Co. comprises approximately 2.5% of Global Thematic Partners LLC’s holdings, making the stock its 15th biggest holding. Global Thematic Partners LLC owned about 0.58% of Tiffany & Co. worth $75,397,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Denali Advisors LLC acquired a new stake in Tiffany & Co. during the 4th quarter valued at $125,000. Sawyer & Company Inc acquired a new position in Tiffany & Co. during the 4th quarter worth $130,000. QS Investors LLC grew its holdings in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares in the last quarter. Osborne Partners Capital Management LLC acquired a new position in Tiffany & Co. during the 4th quarter worth $208,000. Finally, ING Groep NV acquired a new position in Tiffany & Co. during the 3rd quarter worth $213,000. 81.83% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Philippe Galtie sold 24,758 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles K. Marquis sold 4,717 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $107.84, for a total transaction of $508,681.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,217 shares of company stock worth $10,076,469. 1.30% of the stock is currently owned by insiders.

Several brokerages have weighed in on TIF. Royal Bank of Canada raised their price objective on shares of 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. Oppenheimer restated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Wells Fargo & Co restated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. JPMorgan Chase & Co. assumed coverage on shares of Tiffany & Co. in a research report on Monday, December 18th. They issued a “neutral” rating and a $103.00 price objective on the stock. Finally, Citigroup upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $92.00 to $115.00 in a research report on Thursday, December 14th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $102.00.

Tiffany & Co. (TIF) opened at $100.73 on Tuesday. The stock has a market cap of $12,661.38, a P/E ratio of 27.08, a PEG ratio of 2.14 and a beta of 1.80. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 52 week low of $81.08 and a 52 week high of $111.44.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The company had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. research analysts expect that Tiffany & Co. will post 4.08 earnings per share for the current fiscal year.

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Tiffany & Co. Company Profile

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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

Institutional Ownership by Quarter for Tiffany & Co. (NYSE:TIF)

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