Mission Wealth Management LP increased its holdings in shares of Tiffany & Co. (NYSE:TIF) by 6.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,161 shares of the specialty retailer’s stock after acquiring an additional 179 shares during the period. Mission Wealth Management LP’s holdings in Tiffany & Co. were worth $366,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its position in shares of Tiffany & Co. by 16.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 103,257 shares of the specialty retailer’s stock valued at $12,591,000 after buying an additional 14,406 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Tiffany & Co. by 1.4% during the 2nd quarter. CIBC Asset Management Inc now owns 9,871 shares of the specialty retailer’s stock valued at $1,204,000 after buying an additional 140 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Tiffany & Co. by 272.2% during the 1st quarter. Wellington Management Group LLP now owns 61,038 shares of the specialty retailer’s stock valued at $7,905,000 after buying an additional 44,640 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Tiffany & Co. by 10.1% during the 1st quarter. Guggenheim Capital LLC now owns 31,952 shares of the specialty retailer’s stock valued at $4,138,000 after buying an additional 2,926 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Tiffany & Co. by 5.5% during the 2nd quarter. Principal Financial Group Inc. now owns 163,691 shares of the specialty retailer’s stock valued at $19,961,000 after buying an additional 8,536 shares in the last quarter. Hedge funds and other institutional investors own 77.76% of the company’s stock.

Shares of TIF opened at $122.72 on Friday. Tiffany & Co. has a 52-week low of $88.42 and a 52-week high of $134.42. The company has a market capitalization of $14.89 billion, a PE ratio of 60.16, a price-to-earnings-growth ratio of 4.76 and a beta of 0.88. The stock has a fifty day simple moving average of $117.98 and a two-hundred day simple moving average of $123.00. The company has a quick ratio of 1.22, a current ratio of 3.18 and a debt-to-equity ratio of 0.28.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, August 27th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.15. The business had revenue of $747.10 million during the quarter, compared to the consensus estimate of $761.26 million. Tiffany & Co. had a return on equity of 8.43% and a net margin of 6.72%. The company’s revenue for the quarter was down 28.7% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. As a group, equities analysts anticipate that Tiffany & Co. will post 2.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, September 21st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, September 18th. Tiffany & Co.’s payout ratio is 50.54%.

TIF has been the topic of a number of research reports. UBS Group decreased their price objective on Tiffany & Co. from $135.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 14th. Guggenheim restated a “hold” rating on shares of Tiffany & Co. in a report on Thursday, September 10th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, September 9th. Finally, Wells Fargo & Company decreased their price objective on Tiffany & Co. from $135.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, September 10th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $129.86.

About Tiffany & Co.

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, and fragrances; and wholesales diamonds and earnings. The company sells its products through retail, Internet and catalog, business-to-business, and wholesale distribution channels.

Further Reading: Municipal Bonds

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

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