Meag Munich Ergo Kapitalanlagegesellschaft MBH lessened its holdings in shares of Tiffany & Co. (NYSE:TIF) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,085 shares of the specialty retailer’s stock after selling 2,836 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Tiffany & Co. were worth $1,866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in Tiffany & Co. by 25.3% during the first quarter. BlackRock Inc. now owns 8,673,800 shares of the specialty retailer’s stock worth $847,085,000 after buying an additional 1,750,051 shares during the last quarter. Millennium Management LLC increased its position in Tiffany & Co. by 619.2% during the first quarter. Millennium Management LLC now owns 1,078,847 shares of the specialty retailer’s stock worth $105,360,000 after buying an additional 928,847 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Tiffany & Co. by 1.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 746,315 shares of the specialty retailer’s stock worth $72,885,000 after buying an additional 7,063 shares during the last quarter. Fiera Capital Corp increased its position in Tiffany & Co. by 10.0% during the first quarter. Fiera Capital Corp now owns 691,418 shares of the specialty retailer’s stock worth $67,524,000 after buying an additional 63,139 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP increased its position in Tiffany & Co. by 6.2% during the first quarter. Boussard & Gavaudan Investment Management LLP now owns 457,770 shares of the specialty retailer’s stock worth $44,935,000 after buying an additional 26,919 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

TIF has been the topic of a number of recent analyst reports. Loop Capital raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Thursday, April 5th. Guggenheim reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Thursday, April 5th. Cowen upped their target price on Tiffany & Co. from $110.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, May 23rd. Deutsche Bank decreased their target price on Tiffany & Co. from $94.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, May 24th. Finally, Citigroup upped their target price on Tiffany & Co. to $150.00 and gave the company a “buy” rating in a research report on Thursday, May 24th. Eleven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Tiffany & Co. has a consensus rating of “Buy” and an average price target of $126.80.

In related news, Director Abby F. Kohnstamm sold 8,577 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $132.16, for a total transaction of $1,133,536.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gretchen Koback-Pursel sold 881 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $133.66, for a total value of $117,754.46. Following the sale, the insider now directly owns 883 shares in the company, valued at approximately $118,021.78. The disclosure for this sale can be found here. Insiders have sold 71,407 shares of company stock worth $9,389,318 in the last three months. 1.30% of the stock is currently owned by company insiders.

Tiffany & Co. stock opened at $136.37 on Friday. Tiffany & Co. has a 12 month low of $86.15 and a 12 month high of $137.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.43 and a current ratio of 5.82. The company has a market capitalization of $16.72 billion, a PE ratio of 32.99, a PEG ratio of 2.43 and a beta of 1.80.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, May 23rd. The specialty retailer reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.31. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $959.20 million. Tiffany & Co. had a return on equity of 17.61% and a net margin of 9.75%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. analysts anticipate that Tiffany & Co. will post 4.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 10th. Investors of record on Wednesday, June 20th were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 19th. This represents a $2.20 dividend on an annualized basis and a yield of 1.61%. This is an increase from Tiffany & Co.’s previous quarterly dividend of $0.50. Tiffany & Co.’s dividend payout ratio is currently 53.27%.

Tiffany & Co. 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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