Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tiffany & Co. (NYSE:TIF) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,569 shares of the specialty retailer’s stock after acquiring an additional 1,553 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tiffany & Co. were worth $2,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TIF. QS Investors LLC lifted its position in shares of Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 103 shares in the last quarter. Welch Group LLC lifted its position in shares of Tiffany & Co. by 0.5% in the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 8 shares in the last quarter. Wetherby Asset Management Inc. purchased a new position in shares of Tiffany & Co. in the second quarter valued at about $201,000. Commerce Bank purchased a new position in shares of Tiffany & Co. in the second quarter valued at about $209,000. Finally, Pacer Advisors Inc. lifted its position in shares of Tiffany & Co. by 8.3% in the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.

Shares of Tiffany & Co. (NYSE:TIF) traded up $2.75 during midday trading on Friday, reaching $97.25. The company’s stock had a trading volume of 3,090,104 shares, compared to its average volume of 1,500,335. The company has a quick ratio of 2.29, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 52 week low of $76.08 and a 52 week high of $98.58. The company has a market capitalization of $11,744.21, a PE ratio of 24.17, a P/E/G ratio of 2.20 and a beta of 1.94.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The company had revenue of $976.20 million for the quarter, compared to analysts’ expectations of $957.18 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts predict that Tiffany & Co. will post 3.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a yield of 2.06%. Tiffany & Co.’s payout ratio is currently 53.76%.

In related news, Director Robert S. Singer acquired 1,000 shares of Tiffany & Co. stock in a transaction on Monday, September 25th. The shares were bought at an average cost of $88.13 per share, with a total value of $88,130.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francesco Trapani acquired 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The shares were bought at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Several equities analysts have recently commented on TIF shares. upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $110.00 in a research report on Monday, October 2nd. Cowen restated a “buy” rating on shares of Tiffany & Co. in a research report on Sunday, September 17th. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Friday, September 8th. Jefferies Group set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised 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. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Tiffany & Co. presently has an average rating of “Hold” and an average target price of $98.69.

WARNING: “Tiffany & Co. (TIF) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/12/02/tiffany-co-tif-shares-bought-by-zurcher-kantonalbank-zurich-cantonalbank.html.

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.

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

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.