KBC Group NV lifted its stake in Tiffany & Co. (NYSE:TIF) by 8.6% during the second quarter, Holdings Channel reports. The firm owned 22,562 shares of the specialty retailer’s stock after purchasing an additional 1,795 shares during the period. KBC Group NV’s holdings in Tiffany & Co. were worth $2,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its holdings in shares of Tiffany & Co. by 11.6% in the second quarter. State of Alaska Department of Revenue now owns 36,503 shares of the specialty retailer’s stock worth $4,801,000 after purchasing an additional 3,790 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Tiffany & Co. by 349.7% in the first quarter. BNP Paribas Arbitrage SA now owns 199,812 shares of the specialty retailer’s stock worth $19,514,000 after purchasing an additional 155,383 shares during the last quarter. W.E. Donoghue & Co. LLC bought a new position in shares of Tiffany & Co. in the second quarter worth about $2,388,000. Natixis Advisors L.P. bought a new position in shares of Tiffany & Co. in the first quarter worth about $2,531,000. Finally, Armstrong Henry H Associates Inc. bought a new position in shares of Tiffany & Co. in the second quarter worth about $224,000. Hedge funds and other institutional investors own 81.33% of the company’s stock.

A number of research firms have recently commented on TIF. UBS Group began coverage on shares of Tiffany & Co. in a report on Thursday, June 21st. They issued a “neutral” rating and a $138.00 price target on the stock. Edward Jones cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Oppenheimer cut shares of Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $145.00 price target on the stock. in a report on Friday, August 10th. Goldman Sachs Group began coverage on shares of Tiffany & Co. in a report on Monday, June 25th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Telsey Advisory Group upped their price target on shares of Tiffany & Co. from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, June 27th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $127.68.

In related news, insider Pamela H. Cloud sold 55,402 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $131.50, for a total value of $7,285,363.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrea Davey sold 1,129 shares of the company’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $129.56, for a total transaction of $146,273.24. Following the completion of the sale, the senior vice president now directly owns 2,900 shares of the company’s stock, valued at $375,724. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,407 shares of company stock valued at $9,389,318. 1.30% of the stock is owned by insiders.

NYSE:TIF opened at $128.56 on Friday. Tiffany & Co. has a 1-year low of $86.15 and a 1-year high of $141.64. The stock has a market capitalization of $16.69 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. The company has a quick ratio of 2.43, a current ratio of 5.82 and a debt-to-equity ratio of 0.27.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Wednesday, May 23rd. The specialty retailer reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.31. Tiffany & Co. had a net margin of 9.75% and a return on equity of 17.61%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $959.20 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. analysts predict that Tiffany & Co. will post 4.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Thursday, September 20th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.71%. Tiffany & Co.’s dividend payout ratio (DPR) is presently 53.27%.

About Tiffany & Co.

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.

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

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