Great West Life Assurance Co. Can reduced its stake in shares of Tiffany & Co. (NYSE:TIF) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,139 shares of the specialty retailer’s stock after selling 791 shares during the period. Great West Life Assurance Co. Can’s holdings in Tiffany & Co. were worth $7,795,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Delphi Private Advisors LLC raised its position 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 during the last quarter. Fifth Third Bancorp raised its position 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 during the last quarter. IFP Advisors Inc raised its position 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 during the last quarter. Macquarie Group Ltd. raised its position 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. Finally, Advisory Services Network LLC bought a new position in shares of Tiffany & Co. during the first quarter valued at $133,000. 81.06% of the stock is currently owned by institutional investors.

Shares of Tiffany & Co. (TIF) opened at 90.29 on Friday. The firm has a market capitalization of $11.25 billion, a P/E ratio of 25.07 and a beta of 1.92. Tiffany & Co. has a 1-year low of $66.35 and a 1-year high of $97.29. The stock has a 50 day moving average of $92.96 and a 200-day moving average of $90.48.

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

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Several brokerages have recently weighed in on TIF. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $104.00 price objective on shares of Tiffany & Co. in a research report on Thursday, June 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $88.00 price target (down from $93.00) on shares of Tiffany & Co. in a research report on Thursday, May 25th. BidaskClub raised shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $92.36.

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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