Quantitative Systematic Strategies LLC Has $332,000 Stake in Tiffany & Co. (TIF)

Quantitative Systematic Strategies LLC trimmed its holdings in shares of Tiffany & Co. (NYSE:TIF) by 48.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,192 shares of the specialty retailer’s stock after selling 2,958 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Tiffany & Co. were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Investec Asset Management LTD raised its stake in shares of Tiffany & Co. by 9.1% during the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after buying an additional 191,783 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Tiffany & Co. by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after buying an additional 411,487 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Tiffany & Co. by 22.9% during the 3rd quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock worth $136,776,000 after buying an additional 277,753 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Tiffany & Co. by 300.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after buying an additional 991,802 shares in the last quarter. Finally, Global Thematic Partners LLC raised its stake in shares of Tiffany & Co. by 18.0% during the 4th quarter. Global Thematic Partners LLC now owns 725,303 shares of the specialty retailer’s stock worth $75,397,000 after buying an additional 110,608 shares in the last quarter. 81.33% of the stock is owned by institutional investors and hedge funds.

In other news, Director Abby F. Kohnstamm sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $108.73, for a total transaction of $1,087,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrew W. Hart sold 40,251 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $109.22, for a total value of $4,396,214.22. Following the sale, the insider now owns 22,369 shares in the company, valued at approximately $2,443,142.18. The disclosure for this sale can be found here. Insiders have sold 92,217 shares of company stock worth $10,076,469 in the last 90 days. Insiders own 1.30% of the company’s stock.

Tiffany & Co. (TIF) opened at $103.08 on Thursday. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $12,810.00, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.80. Tiffany & Co. has a 1 year low of $77.93 and a 1 year high of $111.44.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is 53.62%.

A number of equities analysts have recently issued reports on the company. Oppenheimer reissued a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, January 24th. Royal Bank of Canada set a $94.00 price objective on Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday, November 30th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Tuesday, October 17th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, October 11th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $102.00.

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Tiffany & Co. 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.

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

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