Canada Pension Plan Investment Board raised its position in shares of Tiffany & Co. (NYSE:TIF) by 809.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,510 shares of the specialty retailer’s stock after buying an additional 158,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Tiffany & Co. were worth $16,663,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. King Luther Capital Management Corp increased its stake in Tiffany & Co. by 0.5% in the first quarter. King Luther Capital Management Corp now owns 803,818 shares of the specialty retailer’s stock worth $76,604,000 after buying an additional 4,235 shares during the last quarter. Teachers Advisors LLC increased its stake in Tiffany & Co. by 35.6% in the fourth quarter. Teachers Advisors LLC now owns 183,288 shares of the specialty retailer’s stock worth $14,192,000 after buying an additional 48,123 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Tiffany & Co. during the first quarter worth $4,418,000. Palo Capital Inc. increased its stake in Tiffany & Co. by 1.3% in the second quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock worth $1,910,000 after buying an additional 259 shares during the last quarter. Finally, First Manhattan Co. increased its stake in Tiffany & Co. by 15.1% in the first quarter. First Manhattan Co. now owns 25,728 shares of the specialty retailer’s stock worth $1,868,000 after buying an additional 3,375 shares during the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.

Tiffany & Co. (NYSE TIF) opened at 88.11 on Wednesday. Tiffany & Co. has a 1-year low of $66.19 and a 1-year high of $97.29. The stock’s 50 day moving average price is $92.81 and its 200 day moving average price is $90.78. The stock has a market capitalization of $10.98 billion, a PE ratio of 24.46 and a beta of 1.92.

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

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TIF has been the subject of a number of recent research reports. Citigroup Inc. dropped their target price on Tiffany & Co. from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Zacks Investment Research downgraded Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) dropped their target price on Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Jefferies Group LLC set a $110.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, Oppenheimer Holdings, Inc. set a $105.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Tiffany & Co. presently has an average rating of “Buy” and a consensus price target 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.

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

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