Tiffany & Co. (TIF) Shares Sold by Global X Management Co. LLC

Global X Management Co. LLC lowered its stake in shares of Tiffany & Co. (NYSE:TIF) by 38.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,018 shares of the specialty retailer’s stock after selling 3,734 shares during the quarter. Global X Management Co. LLC’s holdings in Tiffany & Co. were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Toronto Dominion Bank increased its position in shares of Tiffany & Co. by 14.1% during the fourth quarter. Toronto Dominion Bank now owns 45,550 shares of the specialty retailer’s stock valued at $4,735,000 after buying an additional 5,617 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Tiffany & Co. by 8.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 148,023 shares of the specialty retailer’s stock valued at $15,387,000 after buying an additional 11,980 shares during the period. New Mexico Educational Retirement Board increased its position in shares of Tiffany & Co. by 5.4% during the fourth quarter. New Mexico Educational Retirement Board now owns 9,814 shares of the specialty retailer’s stock valued at $1,020,000 after buying an additional 500 shares during the period. Sentry Investment Management LLC increased its position in shares of Tiffany & Co. by 3.0% during the fourth quarter. Sentry Investment Management LLC now owns 47,015 shares of the specialty retailer’s stock valued at $4,887,000 after buying an additional 1,385 shares during the period. Finally, Ffcm LLC increased its position in shares of Tiffany & Co. by 33.9% during the fourth quarter. Ffcm LLC now owns 4,548 shares of the specialty retailer’s stock valued at $474,000 after buying an additional 1,152 shares during the period. Institutional investors own 81.34% of the company’s stock.

Several equities analysts recently issued reports on TIF shares. Zacks Investment Research cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Wells Fargo & Co set a $96.00 price target on shares of Tiffany & Co. and gave the company a “hold” rating in a research report on Thursday, January 11th. Susquehanna Bancshares assumed coverage on shares of Tiffany & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Finally, KeyCorp raised shares of Tiffany & Co. from a “sector weight” rating to an “overweight” rating and boosted their price objective for the stock from $94.50 to $115.00 in a research note on Friday, December 1st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. presently has a consensus rating of “Buy” and an average target price of $102.00.

In other news, Director Robert S. Singer bought 2,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $99.49 per share, for a total transaction of $198,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Abby F. Kohnstamm sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $108.73, for a total transaction of $1,087,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,217 shares of company stock worth $10,076,469. Insiders own 1.30% of the company’s stock.

Shares of Tiffany & Co. (NYSE TIF) opened at $101.50 on Thursday. Tiffany & Co. has a 52 week low of $84.15 and a 52 week high of $111.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The company has a market cap of $12,610.00, a PE ratio of 27.21, a P/E/G ratio of 2.13 and a beta of 1.80.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. analysts expect that Tiffany & Co. will post 4.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. Tiffany & Co.’s dividend payout ratio is presently 53.62%.

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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.

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

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