Huntington National Bank Sells 1,101 Shares of Tiffany & Co. (TIF)

Huntington National Bank trimmed its position in Tiffany & Co. (NYSE:TIF) by 7.9% during the fourth quarter, HoldingsChannel reports. The firm owned 12,753 shares of the specialty retailer’s stock after selling 1,101 shares during the period. Huntington National Bank’s holdings in Tiffany & Co. were worth $1,326,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Tiffany & Co. by 12.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,534,545 shares of the specialty retailer’s stock valued at $263,466,000 after purchasing an additional 287,224 shares in the last quarter. Investec Asset Management LTD lifted its holdings in Tiffany & Co. by 9.1% in the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock valued at $210,203,000 after purchasing an additional 191,783 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Tiffany & Co. by 22.9% in the 3rd quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock valued at $136,776,000 after purchasing an additional 277,753 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in Tiffany & Co. by 300.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock valued at $121,319,000 after purchasing an additional 991,802 shares in the last quarter. Finally, Global Thematic Partners LLC lifted its holdings in Tiffany & Co. by 18.0% in the 4th quarter. Global Thematic Partners LLC now owns 725,303 shares of the specialty retailer’s stock valued at $75,397,000 after purchasing an additional 110,608 shares in the last quarter. Institutional investors own 81.33% of the company’s stock.

Shares of Tiffany & Co. (NYSE TIF) opened at $99.62 on Friday. The stock has a market cap of $12,810.51, a P/E ratio of 26.36, a P/E/G ratio of 2.15 and a beta of 1.80. Tiffany & Co. has a 1 year low of $79.18 and a 1 year high of $111.44. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is 53.76%.

In other Tiffany & Co. news, insider Philippe Galtie sold 673 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $107.92, for a total value of $72,630.16. Following the completion of the sale, the insider now owns 673 shares of the company’s stock, valued at $72,630.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles K. Marquis sold 4,717 shares of the 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. Insiders sold 92,217 shares of company stock valued at $10,076,469 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the stock. Oppenheimer restated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, January 24th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. Zacks Investment Research downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. SBG Securities downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Cowen set a $102.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Thursday, November 30th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $102.00.

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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.

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

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