Texas Permanent School Fund Decreases Stake in Tiffany & Co. (NYSE:TIF)

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Texas Permanent School Fund cut its holdings in Tiffany & Co. (NYSE:TIF) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,252 shares of the specialty retailer’s stock after selling 586 shares during the quarter. Texas Permanent School Fund’s holdings in Tiffany & Co. were worth $1,876,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Douglass Winthrop Advisors LLC raised its holdings in Tiffany & Co. by 175.6% during the second quarter. Douglass Winthrop Advisors LLC now owns 5,883 shares of the specialty retailer’s stock worth $551,000 after purchasing an additional 3,748 shares during the last quarter. Dubuque Bank & Trust Co. raised its holdings in Tiffany & Co. by 35.9% during the second quarter. Dubuque Bank & Trust Co. now owns 27,453 shares of the specialty retailer’s stock worth $2,571,000 after purchasing an additional 7,254 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in Tiffany & Co. by 8.9% during the second quarter. Xact Kapitalforvaltning AB now owns 29,026 shares of the specialty retailer’s stock worth $2,718,000 after purchasing an additional 2,365 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Tiffany & Co. by 12.7% during the second quarter. Nisa Investment Advisors LLC now owns 19,880 shares of the specialty retailer’s stock worth $1,862,000 after purchasing an additional 2,240 shares during the last quarter. Finally, West Oak Capital LLC raised its holdings in Tiffany & Co. by 2.2% during the second quarter. West Oak Capital LLC now owns 17,285 shares of the specialty retailer’s stock worth $1,619,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Several equities analysts recently issued reports on TIF shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Monday, October 28th. Oppenheimer cut Tiffany & Co. from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 29th. ValuEngine raised Tiffany & Co. from a “hold” rating to a “buy” rating in a report on Friday, November 1st. KeyCorp lifted their price objective on Tiffany & Co. from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, Morgan Stanley lifted their price objective on Tiffany & Co. from $94.00 to $120.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $116.95.

NYSE TIF opened at $125.67 on Friday. Tiffany & Co. has a fifty-two week low of $73.04 and a fifty-two week high of $130.40. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.35 and a beta of 1.66. The business has a fifty day moving average of $99.57 and a 200-day moving average of $94.87. The company has a quick ratio of 1.36, a current ratio of 4.22 and a debt-to-equity ratio of 0.58.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.07. Tiffany & Co. had a return on equity of 17.67% and a net margin of 12.79%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Tiffany & Co. will post 4.81 EPS for the current year.

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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

Featured Story: Understanding Price to Earnings Ratio (PE)

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

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