MUFG Americas Holdings Corp lessened its holdings in Tiffany & Co. (NYSE:TIF) by 64.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,723 shares of the specialty retailer’s stock after selling 3,120 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Tiffany & Co. were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Calton & Associates Inc. purchased a new position in Tiffany & Co. in the 4th quarter worth $118,000. Denali Advisors LLC purchased a new position in Tiffany & Co. in the 4th quarter worth $125,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Tiffany & Co. by 103.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 697 shares during the period. Osborne Partners Capital Management LLC purchased a new position in Tiffany & Co. in the 4th quarter worth $208,000. Finally, Albion Financial Group UT purchased a new position in Tiffany & Co. in the 4th quarter worth $212,000. Institutional investors own 83.82% of the company’s stock.
In related news, Director Michael Joseph Kowalski sold 39,809 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $104.11, for a total transaction of $4,144,514.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew W. Hart sold 776 shares of the business’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $96.46, for a total transaction of $74,852.96. Following the transaction, the insider now owns 9,695 shares in the company, valued at approximately $935,179.70. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 75,000 shares of company stock worth $7,238,850 and have sold 47,419 shares worth $4,903,374. 1.30% of the stock is owned by insiders.
Shares of NYSE TIF opened at $104.05 on Thursday. Tiffany & Co. has a 1 year low of $102.92 and a 1 year high of $104.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.39 and a current ratio of 5.50. The stock has a market cap of $12.80 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.10 and a beta of 1.75.
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Friday, March 16th. The specialty retailer reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.04. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. Tiffany & Co.’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts predict that Tiffany & Co. will post 4.37 EPS for the current fiscal year.
A number of equities analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Tiffany & Co. from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Guggenheim restated a “buy” rating and issued a $120.00 price objective on shares of Tiffany & Co. in a research report on Friday, March 16th. Royal Bank of Canada boosted their price objective on shares of Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Wells Fargo restated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. Finally, Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Tiffany & Co. in a research report on Monday, March 19th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $108.06.
Tiffany & Co. Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.
Want to see what other hedge funds are holding TIF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tiffany & Co. (NYSE:TIF).
Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.