Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Tiffany & Co. (NYSE:TIF) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 518,589 shares of the specialty retailer’s stock after selling 13,239 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.42% of Tiffany & Co. worth $48,680,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TIF. Fifth Third Bancorp boosted its stake in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 62 shares in the last quarter. Delphi Private Advisors LLC boosted its stake in shares of Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 600 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock valued at $118,000 after buying an additional 496 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Tiffany & Co. during the first quarter valued at about $133,000. Finally, Welch Group LLC boosted its stake in shares of Tiffany & Co. by 0.6% in the first quarter. Welch Group LLC now owns 1,541 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 9 shares in the last quarter. 79.70% of the stock is owned by institutional investors.

Shares of Tiffany & Co. (NYSE TIF) opened at 89.35 on Tuesday. The firm’s 50-day moving average is $91.69 and its 200-day moving average is $91.16. Tiffany & Co. has a 12-month low of $66.35 and a 12-month high of $97.29. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 24.27 and a beta of 1.92.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm had revenue of $960 million for the quarter, compared to the consensus estimate of $930.19 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that Tiffany & Co. will post $3.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $2.00 dividend on an annualized basis and a yield of 2.24%. Tiffany & Co.’s dividend payout ratio is currently 54.35%.

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Several research firms have weighed in on TIF. BidaskClub lowered shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a report on Friday. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. set a $105.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Citigroup Inc. decreased their target price on shares of Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, May 25th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Tiffany & Co. currently has an average rating of “Buy” and a consensus target price of $92.81.

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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