Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Tiffany & Co. (NYSE:TIF) by 15.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,226 shares of the specialty retailer’s stock after buying an additional 3,948 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tiffany & Co. were worth $2,837,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Treasurer State of Michigan increased its stake in shares of Tiffany & Co. by 0.3% in the first quarter. State Treasurer State of Michigan now owns 35,134 shares of the specialty retailer’s stock valued at $3,348,000 after buying an additional 100 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Tiffany & Co. by 2.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,946 shares of the specialty retailer’s stock valued at $1,996,000 after buying an additional 494 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Tiffany & Co. during the first quarter valued at approximately $133,000. Canada Pension Plan Investment Board increased its stake in shares of Tiffany & Co. by 200.2% in the first quarter. Canada Pension Plan Investment Board now owns 19,510 shares of the specialty retailer’s stock valued at $1,859,000 after buying an additional 13,010 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Tiffany & Co. by 9.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,808 shares of the specialty retailer’s stock valued at $1,030,000 after buying an additional 973 shares in the last quarter. 79.70% of the stock is owned by institutional investors and hedge funds.

Tiffany & Co. (NYSE TIF) opened at 91.40 on Friday. Tiffany & Co. has a one year low of $66.35 and a one year high of $97.29. The stock’s 50 day moving average price is $91.36 and its 200-day moving average price is $91.42. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 24.82 and a beta of 1.92.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $960 million for the quarter, compared to analyst estimates of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. Analysts forecast that Tiffany & Co. will post $3.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is currently 54.35%.

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Several brokerages have recently commented on TIF. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Friday, July 7th. Bank of America Corporation reissued a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Cowen and Company reissued an “outperform” rating and set a $107.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) raised Tiffany & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $82.00 to $107.00 in a research report on Friday, May 12th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Tiffany & Co. currently has an average rating of “Buy” and an average target price of $92.81.

In related news, Director Francesco Trapani bought 35,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average price of $89.34 per share, with a total value of $3,126,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

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)

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