Rhumbline Advisers reduced its stake in shares of Tiffany & Co. (NYSE:TIF) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,251 shares of the specialty retailer’s stock after selling 2,096 shares during the quarter. Rhumbline Advisers owned 0.18% of Tiffany & Co. worth $28,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of Tiffany & Co. by 3.4% in the second quarter. CIBC Asset Management Inc now owns 11,784 shares of the specialty retailer’s stock valued at $1,551,000 after purchasing an additional 387 shares during the last quarter. Mission Wealth Management LP grew its position in shares of Tiffany & Co. by 21.9% in the third quarter. Mission Wealth Management LP now owns 2,691 shares of the specialty retailer’s stock valued at $347,000 after purchasing an additional 483 shares during the last quarter. Gulf International Bank UK Ltd grew its position in shares of Tiffany & Co. by 1.3% in the third quarter. Gulf International Bank UK Ltd now owns 39,170 shares of the specialty retailer’s stock valued at $5,051,000 after purchasing an additional 490 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Tiffany & Co. by 2.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 22,389 shares of the specialty retailer’s stock valued at $2,946,000 after purchasing an additional 498 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its position in shares of Tiffany & Co. by 6.2% in the third quarter. Leavell Investment Management Inc. now owns 8,577 shares of the specialty retailer’s stock valued at $1,111,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

In other news, Director Lawrence K. Fish sold 7,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $129.40, for a total value of $905,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Francesco Trapani bought 15,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was acquired at an average cost of $122.96 per share, for a total transaction of $1,844,400.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 60,000 shares of company stock worth $7,435,050 and sold 22,148 shares worth $2,839,461. Company insiders own 1.30% of the company’s stock.

Shares of TIF stock opened at $100.14 on Wednesday. Tiffany & Co. has a 52 week low of $90.55 and a 52 week high of $141.64. The company has a current ratio of 6.05, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $12.54 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.86 and a beta of 1.80.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Tuesday, August 28th. The specialty retailer reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.16. Tiffany & Co. had a net margin of 10.16% and a return on equity of 18.67%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts expect that Tiffany & Co. will post 4.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, December 20th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 53.27%.

A number of analysts recently issued reports on TIF shares. Oppenheimer lowered shares of Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $145.00 target price on the stock. in a research report on Friday, August 10th. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Jefferies Financial Group restated a “buy” rating and set a $160.00 target price on shares of Tiffany & Co. in a research report on Tuesday, August 28th. Bank of America lowered shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Wednesday, August 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised their target price on shares of Tiffany & Co. to $132.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Tiffany & Co. has a consensus rating of “Buy” and a consensus price target of $131.75.

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Tiffany & Co. Company Profile

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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

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