Mutual of America Capital Management LLC reduced its position in shares of Tiffany & Co. (NYSE:TIF) by 11.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,639 shares of the specialty retailer’s stock after selling 1,449 shares during the period. Mutual of America Capital Management LLC’s holdings in Tiffany & Co. were worth $1,068,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Delphi Private Advisors LLC raised its holdings in 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 period. QS Investors LLC raised its stake in shares of Tiffany & Co. by 8.2% during the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 103 shares during the period. Welch Group LLC raised its stake in shares of Tiffany & Co. by 0.5% during the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after purchasing an additional 8 shares during the period. Wetherby Asset Management Inc. purchased a new stake in shares of Tiffany & Co. during the second quarter valued at approximately $201,000. Finally, Commerce Bank purchased a new stake in shares of Tiffany & Co. during the second quarter valued at approximately $209,000. 79.42% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on TIF shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Cowen and Company set a $102.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, October 18th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Friday, September 8th. Jefferies Group LLC set a $110.00 price target on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $106.00 to $94.00 in a research report on Friday, September 22nd. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $94.91.
Shares of Tiffany & Co. (TIF) opened at $91.57 on Monday. Tiffany & Co. has a 1 year low of $75.33 and a 1 year high of $97.29. The firm has a market capitalization of $11,401.58, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.75 and a quick ratio of 2.29.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $930.19 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. equities research analysts anticipate that Tiffany & Co. will post 3.95 EPS for the current fiscal year.
In related news, insider Pamela H. Cloud sold 37,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $93.52, for a total value of $3,460,240.00. Following the transaction, the insider now owns 47,261 shares in the company, valued at $4,419,848.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Francesco Trapani purchased 48,936 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $89.16 per share, for a total transaction of $4,363,133.76. The disclosure for this purchase can be found here. Insiders have bought 267,064 shares of company stock worth $23,789,094 in the last 90 days. Company insiders own 1.30% of the company’s stock.
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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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