NGAM Advisors L.P. reduced its stake in Tiffany & Co. (NYSE:TIF) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,095 shares of the specialty retailer’s stock after selling 309 shares during the period. NGAM Advisors L.P.’s holdings in Tiffany & Co. were worth $1,605,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TIF. Teachers Advisors LLC boosted its stake in shares of Tiffany & Co. by 35.6% in the fourth quarter. Teachers Advisors LLC now owns 183,288 shares of the specialty retailer’s stock valued at $14,192,000 after buying an additional 48,123 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 1,300 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Tiffany & Co. by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 92,267 shares of the specialty retailer’s stock valued at $8,793,000 after buying an additional 2,804 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Tiffany & Co. by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 39,293 shares of the specialty retailer’s stock valued at $3,744,000 after buying an additional 600 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Tiffany & Co. by 49.6% in the first quarter. Bank of Montreal Can now owns 59,412 shares of the specialty retailer’s stock valued at $5,662,000 after buying an additional 19,692 shares during the last quarter. 81.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Tiffany & Co. (NYSE:TIF) opened at 90.73 on Tuesday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 25.19 and a beta of 1.92. Tiffany & Co. has a 12-month low of $66.19 and a 12-month high of $97.29. The stock has a 50 day moving average of $92.93 and a 200 day moving average of $90.71.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities research analysts anticipate that Tiffany & Co. will post $3.96 EPS for the current fiscal year.

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TIF has been the subject of several research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. Bank of America Corporation reiterated a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $107.00 in a research note on Friday, May 12th. Cowen and Company reiterated an “outperform” rating and set a $107.00 price objective on shares of Tiffany & Co. in a research note on Tuesday, May 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $88.00 price objective (down previously from $93.00) on shares of Tiffany & Co. in a research note on Thursday, May 25th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Tiffany & Co. has an average rating of “Buy” and a consensus price target of $92.81.

Tiffany & Co. Company Profile

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.

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

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