Segantii Capital Management Ltd bought a new position in Tiffany & Co. (NYSE:TIF) during the second quarter, Holdings Channel reports. The fund bought 15,000 shares of the specialty retailer’s stock, valued at approximately $1,408,000.

A number of other institutional investors have also modified their holdings of TIF. Delphi Private Advisors LLC boosted its position 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 worth $100,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after buying an additional 62 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after buying an additional 496 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock worth $132,000 after buying an additional 1,300 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Tiffany & Co. during the first quarter worth about $133,000. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

Tiffany & Co. (NYSE:TIF) opened at 91.24 on Thursday. Tiffany & Co. has a 1-year low of $64.73 and a 1-year high of $97.29. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 25.33 and a beta of 1.92. The company’s 50 day moving average is $93.05 and its 200-day moving average is $90.41.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The company had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. During the same period in the prior year, the business earned $0.64 earnings per share. Tiffany & Co.’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $3.96 EPS for the current fiscal year.

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A number of equities analysts have issued reports on TIF shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $104.00 target price on shares of Tiffany & Co. in a report on Thursday, June 1st. Bank of America Corporation reissued a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a report on Wednesday, May 10th. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a report on Tuesday, May 2nd. Credit Suisse Group reissued a “buy” rating on shares of Tiffany & Co. in a report on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. set a $105.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.36.

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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