Advisor Partners LLC increased its position in Tiffany & Co. (NYSE:TIF) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 4,036 shares of the specialty retailer’s stock after buying an additional 109 shares during the period. Advisor Partners LLC’s holdings in Tiffany & Co. were worth $379,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. 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 during the period. 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 during the period. 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 during the period. Advisory Services Network LLC bought a new position in shares of Tiffany & Co. during the first quarter worth about $133,000. Finally, Welch Group LLC boosted its position in shares of Tiffany & Co. by 0.6% in the first quarter. Welch Group LLC now owns 1,541 shares of the specialty retailer’s stock worth $147,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 81.06% of the company’s stock.

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

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

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A number of brokerages have issued reports on TIF. Citigroup Inc. reduced their target price on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $105.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) reduced their target price on Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Jefferies Group LLC restated a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, May 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $88.00 target price (down previously from $93.00) on shares of Tiffany & Co. in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $92.36.

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

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