Public Employees Retirement System of Ohio reduced its position in Tiffany & Co. (NYSE:TIF) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,197 shares of the specialty retailer’s stock after selling 10,697 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tiffany & Co. were worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of TIF. Rational Advisors LLC lifted its stake in shares of Tiffany & Co. by 3,657.1% during the 2nd quarter. Rational Advisors LLC now owns 263 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 256 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Tiffany & Co. by 312.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 417 shares of the specialty retailer’s stock worth $39,000 after buying an additional 316 shares during the period. Quadrant Capital Group LLC boosted its holdings in Tiffany & Co. by 538.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 460 shares of the specialty retailer’s stock worth $39,000 after buying an additional 388 shares during the period. HM Payson & Co. purchased a new stake in Tiffany & Co. in the 2nd quarter worth $42,000. Finally, North Star Investment Management Corp. purchased a new stake in Tiffany & Co. in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Shares of TIF opened at $133.55 on Friday. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.54 and a beta of 1.65. Tiffany & Co. has a 1 year low of $73.04 and a 1 year high of $134.03. The business’s 50 day simple moving average is $119.32 and its 200-day simple moving average is $97.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.22 and a quick ratio of 1.36.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). Tiffany & Co. had a net margin of 12.79% and a return on equity of 17.67%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Tiffany & Co. will post 4.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, December 19th. Tiffany & Co.’s payout ratio is 50.22%.

Several brokerages have recently commented on TIF. Guggenheim downgraded Tiffany & Co. from a “buy” rating to a “neutral” rating in a research report on Monday, November 25th. Credit Suisse Group set a $140.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research report on Monday, October 28th. Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a research note on Monday, October 28th. Loop Capital cut Tiffany & Co. to a “hold” rating and set a $85.00 price target on the stock. in a report on Thursday, August 29th. Finally, Morgan Stanley upped their price target on Tiffany & Co. from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $120.45.

Tiffany & Co. Company 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.

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

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