Public Sector Pension investment Board cut its stake in shares of Tiffany & Co. (NYSE:TIF) by 49.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,281 shares of the specialty retailer’s stock after selling 12,000 shares during the period. Public Sector Pension investment Board’s holdings in Tiffany & Co. were worth $1,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its holdings in shares of Tiffany & Co. by 2.8% during the 2nd quarter. Swiss National Bank now owns 453,348 shares of the specialty retailer’s stock worth $42,556,000 after buying an additional 12,400 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of Tiffany & Co. by 0.5% in the 1st 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 period. Andra AP fonden raised its position in shares of Tiffany & Co. by 8.4% in the 2nd quarter. Andra AP fonden now owns 28,500 shares of the specialty retailer’s stock worth $2,675,000 after buying an additional 2,200 shares during the period. Sei Investments Co. boosted its holdings in Tiffany & Co. by 215.0% in the second quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock valued at $1,351,000 after acquiring an additional 9,822 shares during the last quarter. Finally, Palo Capital Inc. boosted its holdings in Tiffany & Co. by 1.3% in the second quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock valued at $1,910,000 after acquiring an additional 259 shares during the last quarter. 79.71% of the stock is owned by institutional investors.

Tiffany & Co. (TIF) opened at 91.78 on Monday. The firm has a 50 day moving average price of $90.97 and a 200-day moving average price of $91.89. The firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 24.93 and a beta of 1.92. Tiffany & Co. has a 12 month low of $70.86 and a 12 month high of $97.29.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $930.19 million. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Tiffany & Co. will post $3.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, September 19th. Tiffany & Co.’s dividend payout ratio is currently 54.35%.

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In other Tiffany & Co. news, major shareholder Qatar Investment Authority sold 4,400,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $94.16, for a total value of $414,304,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Francesco Trapani purchased 35,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was acquired at an average cost of $89.34 per share, for a total transaction of $3,126,900.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 267,064 shares of company stock valued at $23,789,094. 1.30% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the company. Jefferies Group LLC set a $110.00 price target on Tiffany & Co. and gave the company a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, August 14th. BidaskClub downgraded Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Bank of America Corporation restated a “buy” rating and issued a $110.00 price objective on shares of Tiffany & Co. in a report on Wednesday, June 28th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research note on Thursday, August 24th. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $93.47.

Tiffany & Co. 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.

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

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