State of Tennessee Treasury Department decreased its position in Tiffany & Co. (NYSE:TIF) by 36.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,781 shares of the specialty retailer’s stock after selling 36,538 shares during the quarter. State of Tennessee Treasury Department owned about 0.05% of Tiffany & Co. worth $5,762,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Delphi Private Advisors LLC lifted its holdings in shares of Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 600 shares during the period. QS Investors LLC lifted its holdings in shares of Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 103 shares during the period. Welch Group LLC lifted its holdings in shares of Tiffany & Co. by 0.5% in the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 8 shares during the period. Wetherby Asset Management Inc. acquired a new stake in shares of Tiffany & Co. in the second quarter valued at $201,000. Finally, Commerce Bank acquired a new stake in shares of Tiffany & Co. in the second quarter valued at $209,000. Institutional investors and hedge funds own 79.42% of the company’s stock.
In other news, Director Robert S. Singer bought 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were bought at an average cost of $88.13 per share, with a total value of $88,130.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francesco Trapani bought 56,064 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average cost of $88.03 per share, for a total transaction of $4,935,313.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 267,064 shares of company stock worth $23,789,094. Insiders own 1.30% of the company’s stock.
Several equities research analysts have recently commented on TIF shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Cowen and Company set a $102.00 target price on Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, October 18th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) downgraded Tiffany & Co. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $106.00 to $94.00 in a report on Friday, September 22nd. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $94.91.
Tiffany & Co. (NYSE TIF) opened at $93.08 on Tuesday. The firm has a market capitalization of $11,401.58, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.15 and a beta of 1.96. Tiffany & Co. has a 52-week low of $75.33 and a 52-week high of $97.29. The company has a current ratio of 5.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.28.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. equities analysts predict that Tiffany & Co. will post 3.95 EPS for the current fiscal year.
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. 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.
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