King Luther Capital Management Corp lessened its holdings in shares of Tiffany & Co. (NYSE:TIF) by 0.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 734,807 shares of the specialty retailer’s stock after selling 3,946 shares during the period. King Luther Capital Management Corp owned 0.60% of Tiffany & Co. worth $94,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Tiffany & Co. during the third quarter worth $103,000. Qube Research & Technologies Ltd boosted its position in shares of Tiffany & Co. by 174.2% during the second quarter. Qube Research & Technologies Ltd now owns 998 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 634 shares in the last quarter. Columbia Asset Management bought a new position in shares of Tiffany & Co. during the third quarter worth $132,000. Impax Asset Management LLC bought a new position in shares of Tiffany & Co. during the second quarter worth $206,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Tiffany & Co. by 266.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,629 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,184 shares in the last quarter. 79.60% of the stock is owned by hedge funds and other institutional investors.

TIF opened at $90.89 on Wednesday. The firm has a market capitalization of $11.09 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.74 and a beta of 1.72. Tiffany & Co. has a 12 month low of $89.03 and a 12 month high of $141.64. The company has a current ratio of 5.86, a quick ratio of 1.84 and a debt-to-equity ratio of 0.29.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. As a group, equities analysts forecast that Tiffany & Co. will post 4.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Thursday, December 20th will be given a $0.55 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $2.20 annualized dividend and a yield of 2.42%. Tiffany & Co.’s dividend payout ratio is currently 53.27%.

In other Tiffany & Co. news, Director Francesco Trapani purchased 40,000 shares of the stock in a transaction on Friday, September 7th. The shares were purchased at an average cost of $124.25 per share, for a total transaction of $4,970,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William A. Shutzer sold 250 shares of Tiffany & Co. stock in a transaction on Monday, September 17th. The shares were sold at an average price of $126.29, for a total transaction of $31,572.50. The disclosure for this sale can be found here. Insiders sold a total of 22,148 shares of company stock worth $2,839,461 over the last ninety days. 1.30% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Tiffany & Co. to $105.00 and set a “market perform” rating on the stock in a research report on Thursday, November 29th. Morgan Stanley reduced their price target on shares of Tiffany & Co. from $126.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 29th. ValuEngine raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. Bank of America set a $105.00 price target on shares of Tiffany & Co. and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Finally, KeyCorp reduced their price target on shares of Tiffany & Co. from $150.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, November 29th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $121.52.

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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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