Sentry Investment Management LLC Has $689,000 Position in Tiffany & Co. (TIF)

Sentry Investment Management LLC lessened its position in shares of Tiffany & Co. (NYSE:TIF) by 82.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,527 shares of the specialty retailer’s stock after selling 31,040 shares during the quarter. Sentry Investment Management LLC’s holdings in Tiffany & Co. were worth $689,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TIF. CSat Investment Advisory L.P. grew its position in Tiffany & Co. by 169.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 334 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 210 shares during the period. Synovus Financial Corp acquired a new stake in Tiffany & Co. during the fourth quarter valued at $28,000. Rational Advisors LLC acquired a new stake in Tiffany & Co. during the fourth quarter valued at $37,000. Signet Investment Advisory Group Inc. acquired a new stake in Tiffany & Co. during the fourth quarter valued at $40,000. Finally, NuWave Investment Management LLC acquired a new stake in Tiffany & Co. during the fourth quarter valued at $45,000. Institutional investors own 88.38% of the company’s stock.

TIF opened at $93.65 on Friday. The company has a current ratio of 5.24, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.81 and a beta of 1.55. Tiffany & Co. has a 52-week low of $73.04 and a 52-week high of $141.64.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Friday, March 22nd. The specialty retailer reported $1.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.60. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Tiffany & Co. had a net margin of 13.20% and a return on equity of 18.52%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, research analysts anticipate that Tiffany & Co. will post 4.92 earnings per share for the current fiscal year.

Several research firms recently commented on TIF. Loop Capital upgraded shares of Tiffany & Co. to a “buy” rating and set a $125.00 price target on the stock in a research report on Thursday, April 18th. Sanford C. Bernstein began coverage on shares of Tiffany & Co. in a research report on Tuesday, April 16th. They set an “outperform” rating and a $125.00 price target on the stock. Credit Suisse Group raised their price target on shares of Tiffany & Co. from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. UBS Group increased their price objective on shares of Tiffany & Co. to $103.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Finally, Zacks Investment Research raised shares of Tiffany & Co. from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $116.63.

In other news, Director Lawrence K. Fish sold 8,128 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $103.58, for a total value of $841,898.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

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About Tiffany & Co.

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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