State Board of Administration of Florida Retirement System lifted its position in Tiffany & Co. (NYSE:TIF) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,475 shares of the specialty retailer’s stock after buying an additional 716 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of Tiffany & Co. worth $13,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIF. Signet Investment Advisory Group Inc. bought a new position in Tiffany & Co. during the 4th quarter worth about $40,000. Moody National Bank Trust Division increased its holdings in Tiffany & Co. by 938.0% during the 4th quarter. Moody National Bank Trust Division now owns 519 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 469 shares in the last quarter. NuWave Investment Management LLC bought a new position in Tiffany & Co. during the 4th quarter worth about $45,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Tiffany & Co. during the 3rd quarter worth about $103,000. Finally, Columbia Asset Management bought a new position in Tiffany & Co. during the 3rd quarter worth about $132,000. Institutional investors and hedge funds own 80.47% of the company’s stock.

In related news, SVP Andrew W. Hart sold 7,428 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $87.39, for a total value of $649,132.92. Following the completion of the sale, the senior vice president now directly owns 19,024 shares in the company, valued at approximately $1,662,507.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

A number of research firms have issued reports on TIF. ValuEngine upgraded Tiffany & Co. from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Credit Suisse Group lowered their target price on Tiffany & Co. from $146.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, November 29th. KeyCorp lowered their target price on Tiffany & Co. from $150.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, November 29th. Goldman Sachs Group cut Tiffany & Co. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $136.00 to $104.00 in a report on Tuesday, January 22nd. Finally, Atlantic Securities upgraded Tiffany & Co. from a “neutral” rating to an “overweight” rating and set a $112.00 target price for the company in a report on Thursday, January 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $117.14.

Shares of Tiffany & Co. stock traded down $0.15 during trading hours on Monday, reaching $87.93. 14,570 shares of the company’s stock were exchanged, compared to its average volume of 1,761,943. Tiffany & Co. has a fifty-two week low of $73.04 and a fifty-two week high of $141.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.86 and a quick ratio of 1.84. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.58 and a beta of 1.57.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.77 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.77. Tiffany & Co. had a net margin of 9.96% and a return on equity of 18.71%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.80 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that Tiffany & Co. will post 4.67 earnings per share for the current year.

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About Tiffany & Co.

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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