Strs Ohio raised its position in Tiffany & Co. (NYSE:TIF) by 53.5% during the second quarter, Holdings Channel reports. The fund owned 21,971 shares of the specialty retailer’s stock after buying an additional 7,662 shares during the period. Strs Ohio’s holdings in Tiffany & Co. were worth $2,062,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Tiffany & Co. by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,918,876 shares of the specialty retailer’s stock worth $1,135,869,000 after buying an additional 177,418 shares during the last quarter. BlackRock Inc. boosted its position in Tiffany & Co. by 2,886.2% in the first quarter. BlackRock Inc. now owns 6,980,800 shares of the specialty retailer’s stock worth $665,271,000 after buying an additional 6,747,028 shares during the last quarter. State Street Corp boosted its position in Tiffany & Co. by 0.3% in the first quarter. State Street Corp now owns 4,884,771 shares of the specialty retailer’s stock worth $465,549,000 after buying an additional 12,498 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Tiffany & Co. by 3.1% in the first quarter. First Eagle Investment Management LLC now owns 4,031,064 shares of the specialty retailer’s stock worth $384,160,000 after buying an additional 121,605 shares during the last quarter. Finally, FMR LLC boosted its position in Tiffany & Co. by 0.7% in the first quarter. FMR LLC now owns 2,463,909 shares of the specialty retailer’s stock worth $234,810,000 after buying an additional 17,572 shares during the last quarter. Institutional investors and hedge funds own 81.06% of the company’s stock.

Tiffany & Co. (NYSE TIF) opened at 89.34 on Friday. Tiffany & Co. has a one year low of $66.19 and a one year high of $97.29. The firm has a market capitalization of $11.14 billion, a P/E ratio of 24.80 and a beta of 1.92. The stock’s 50 day moving average is $92.99 and its 200 day moving average is $90.40.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $915.48 million. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on TIF shares. Citigroup Inc. reduced their price target on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, May 25th. Zacks Investment Research cut Tiffany & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reduced their price target on Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Jefferies Group LLC set a $110.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen 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 $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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