Welch & Forbes LLC Has $4.97 Million Holdings in Tiffany & Co. (NYSE:TIF)

Welch & Forbes LLC lessened its stake in Tiffany & Co. (NYSE:TIF) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,630 shares of the specialty retailer’s stock after selling 1,010 shares during the quarter. Welch & Forbes LLC’s holdings in Tiffany & Co. were worth $4,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mcrae Capital Management Inc. increased its position in Tiffany & Co. by 2.4% in the 2nd quarter. Mcrae Capital Management Inc. now owns 5,400 shares of the specialty retailer’s stock valued at $506,000 after acquiring an additional 125 shares in the last quarter. Lantz Financial LLC grew its position in shares of Tiffany & Co. by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 8,583 shares of the specialty retailer’s stock worth $791,000 after buying an additional 130 shares during the period. Advisor Group Inc. grew its position in shares of Tiffany & Co. by 1.9% during the 2nd quarter. Advisor Group Inc. now owns 6,927 shares of the specialty retailer’s stock worth $648,000 after buying an additional 130 shares during the period. Pathstone Family Office LLC grew its position in shares of Tiffany & Co. by 35.5% during the 2nd quarter. Pathstone Family Office LLC now owns 550 shares of the specialty retailer’s stock worth $52,000 after buying an additional 144 shares during the period. Finally, Dubuque Bank & Trust Co. grew its position in shares of Tiffany & Co. by 0.6% during the 3rd quarter. Dubuque Bank & Trust Co. now owns 27,606 shares of the specialty retailer’s stock worth $2,557,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Shares of NYSE TIF opened at $91.88 on Friday. The stock has a market cap of $10.75 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.67 and a beta of 1.60. The firm has a 50 day moving average price of $89.23 and a 200 day moving average price of $94.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.36 and a current ratio of 4.22. Tiffany & Co. has a 52-week low of $73.04 and a 52-week high of $117.93.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. Tiffany & Co. had a net margin of 12.79% and a return on equity of 17.67%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. Analysts predict that Tiffany & Co. will post 4.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 20th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 19th. Tiffany & Co.’s payout ratio is currently 50.22%.

TIF has been the subject of several analyst reports. UBS Group lowered their price target on shares of Tiffany & Co. from $98.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Citigroup lowered their price target on shares of Tiffany & Co. from $100.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group lowered their price target on shares of Tiffany & Co. from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. HSBC set a $110.00 price target on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Monday, September 9th. Finally, Wells Fargo & Co lowered their price target on shares of Tiffany & Co. from $88.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, August 28th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $103.89.

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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

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

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