Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its holdings in shares of Tiffany & Co. (NYSE:TIF) by 24.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,883 shares of the specialty retailer’s stock after selling 5,964 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Tiffany & Co. were worth $1,733,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TIF. Delphi Private Advisors LLC grew its holdings in Tiffany & Co. by 100.0% during the 2nd quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 600 shares during the last quarter. QS Investors LLC grew its holdings in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 103 shares during the last quarter. Welch Group LLC grew its holdings in Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 8 shares during the last quarter. Wetherby Asset Management Inc. bought a new stake in Tiffany & Co. during the 2nd quarter worth approximately $201,000. Finally, Commerce Bank bought a new stake in Tiffany & Co. during the 2nd quarter worth approximately $209,000. 79.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tiffany & Co. (TIF) opened at $91.57 on Monday. The company has a market cap of $11,401.58, a PE ratio of 23.66, a PEG ratio of 2.15 and a beta of 1.96. The company has a quick ratio of 2.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 1-year low of $75.33 and a 1-year high of $97.29.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $930.19 million. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. sell-side analysts expect that Tiffany & Co. will post 3.95 EPS for the current year.
In related news, Director Francesco Trapani purchased 25,000 shares of Tiffany & Co. stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer purchased 1,000 shares of Tiffany & Co. stock in a transaction that occurred on Monday, September 25th. The shares were bought at an average price of $88.13 per share, with a total value of $88,130.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 267,064 shares of company stock valued at $23,789,094. 1.30% of the stock is owned by company insiders.
TIF has been the topic of a number of research reports. HSBC Holdings plc raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $110.00 in a report on Monday, October 2nd. Jefferies Group LLC set a $110.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 14th. BidaskClub lowered shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research note on Thursday, August 24th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $94.91.
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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