Westpac Banking Corp raised its position in Tiffany & Co. (NYSE:TIF) by 31.1% in the 4th quarter, Holdings Channel reports. The firm owned 37,666 shares of the specialty retailer’s stock after buying an additional 8,940 shares during the period. Westpac Banking Corp’s holdings in Tiffany & Co. were worth $3,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of Tiffany & Co. by 5.1% during the second quarter. Wells Fargo & Company MN now owns 207,528 shares of the specialty retailer’s stock worth $19,481,000 after acquiring an additional 10,018 shares during the last quarter. Amalgamated Bank raised its position in shares of Tiffany & Co. by 58.5% during the second quarter. Amalgamated Bank now owns 12,124 shares of the specialty retailer’s stock worth $1,138,000 after acquiring an additional 4,477 shares during the last quarter. Profund Advisors LLC raised its position in shares of Tiffany & Co. by 23.0% during the second quarter. Profund Advisors LLC now owns 3,878 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 724 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Tiffany & Co. by 3.1% during the second quarter. Thrivent Financial For Lutherans now owns 4,050 shares of the specialty retailer’s stock worth $380,000 after acquiring an additional 120 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Tiffany & Co. by 4.9% during the second quarter. UBS Asset Management Americas Inc. now owns 340,963 shares of the specialty retailer’s stock worth $32,006,000 after acquiring an additional 15,953 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

A number of brokerages have recently issued reports on TIF. Royal Bank of Canada raised their price objective on Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Wells Fargo & Co restated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. JPMorgan Chase & Co. assumed coverage on Tiffany & Co. in a report on Monday, December 18th. They issued a “neutral” rating and a $103.00 target price for the company. Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $92.00 to $115.00 in a report on Thursday, December 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tiffany & Co. in a report on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $102.00.

Shares of Tiffany & Co. (NYSE TIF) opened at $109.88 on Tuesday. The firm has a market capitalization of $13,393.38, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.45 and a beta of 1.93. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 1-year low of $77.15 and a 1-year high of $110.17.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. The firm had revenue of $976.20 million during the quarter, compared to analysts’ expectations of $957.18 million. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts anticipate that Tiffany & Co. will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.82%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.76%.

In other Tiffany & Co. news, Director Charles K. Marquis sold 4,717 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $107.84, for a total value of $508,681.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philippe Galtie sold 673 shares of Tiffany & Co. stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $107.92, for a total value of $72,630.16. Following the transaction, the insider now directly owns 673 shares in the company, valued at approximately $72,630.16. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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Tiffany & Co. Company 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.

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

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