Rhumbline Advisers grew its position in shares of Tiffany & Co. (NYSE:TIF) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 224,898 shares of the specialty retailer’s stock after buying an additional 647 shares during the quarter. Rhumbline Advisers’ holdings in Tiffany & Co. were worth $18,107,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in TIF. MCF Advisors LLC raised its position in shares of Tiffany & Co. by 15.5% during the 4th quarter. MCF Advisors LLC now owns 1,118 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 150 shares during the period. Personal Capital Advisors Corp raised its position in shares of Tiffany & Co. by 8.1% during the 4th quarter. Personal Capital Advisors Corp now owns 5,874 shares of the specialty retailer’s stock worth $473,000 after purchasing an additional 442 shares during the period. Moody National Bank Trust Division raised its position in shares of Tiffany & Co. by 938.0% during the 4th quarter. Moody National Bank Trust Division now owns 519 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 469 shares during the period. Mission Wealth Management LP raised its position in shares of Tiffany & Co. by 21.9% during the 3rd quarter. Mission Wealth Management LP now owns 2,691 shares of the specialty retailer’s stock worth $347,000 after purchasing an additional 483 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in shares of Tiffany & Co. by 1.3% during the 3rd quarter. Gulf International Bank UK Ltd now owns 39,170 shares of the specialty retailer’s stock worth $5,051,000 after purchasing an additional 490 shares during the period. 80.47% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on TIF. Oppenheimer dropped their price target on Tiffany & Co. from $152.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday. Atlantic Securities upgraded Tiffany & Co. from a “neutral” rating to an “overweight” rating and set a $112.00 price target on the stock in a research report on Thursday, January 31st. They noted that the move was a valuation call. Zacks Investment Research cut Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Guggenheim reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Friday, January 25th. Finally, Nomura dropped their price target on Tiffany & Co. to $108.00 and set a “buy” rating on the stock in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. Tiffany & Co. currently has a consensus rating of “Buy” and an average target price of $117.14.
TIF opened at $88.08 on Monday. The firm has a market cap of $10.74 billion, a PE ratio of 21.33, a P/E/G ratio of 1.58 and a beta of 1.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.86 and a quick ratio of 1.84. Tiffany & Co. has a fifty-two week low of $73.04 and a fifty-two week high of $141.64.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.05 billion. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. Equities research analysts forecast that Tiffany & Co. will post 4.67 earnings per share for the current fiscal year.
In other news, SVP Andrew W. Hart sold 7,428 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $87.39, for a total transaction of $649,132.92. Following the completion of the sale, the senior vice president now directly owns 19,024 shares of the company’s stock, valued at approximately $1,662,507.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
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Tiffany & Co. Company Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
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