Tiffany & Co. (TIF) Stake Lowered by Securian Asset Management Inc

Securian Asset Management Inc lowered its holdings in Tiffany & Co. (NYSE:TIF) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,917 shares of the specialty retailer’s stock after selling 301 shares during the period. Securian Asset Management Inc’s holdings in Tiffany & Co. were worth $879,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TIF. FMR LLC grew its stake in shares of Tiffany & Co. by 0.4% during the second quarter. FMR LLC now owns 2,426,009 shares of the specialty retailer’s stock worth $319,263,000 after acquiring an additional 9,132 shares during the last quarter. Andra AP fonden grew its position in Tiffany & Co. by 17.8% during the third quarter. Andra AP fonden now owns 70,800 shares of the specialty retailer’s stock valued at $9,131,000 after acquiring an additional 10,700 shares during the period. Welch & Forbes LLC grew its position in Tiffany & Co. by 1.5% during the third quarter. Welch & Forbes LLC now owns 70,246 shares of the specialty retailer’s stock valued at $9,060,000 after acquiring an additional 1,020 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Tiffany & Co. during the third quarter valued at about $516,000. Finally, Aperio Group LLC grew its position in Tiffany & Co. by 6.5% during the third quarter. Aperio Group LLC now owns 59,364 shares of the specialty retailer’s stock valued at $7,656,000 after acquiring an additional 3,624 shares during the period. 80.47% of the stock is owned by institutional investors and hedge funds.

In other Tiffany & Co. news, SVP Andrew W. Hart sold 7,428 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $87.39, for a total transaction of $649,132.92. Following the sale, the senior vice president now owns 19,024 shares in the company, valued at $1,662,507.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philippe Galtie sold 1,263 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $88.23, for a total value of $111,434.49. Following the sale, the insider now owns 6,010 shares in the company, valued at approximately $530,262.30. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Several brokerages have recently weighed in on TIF. Oppenheimer decreased their target price on Tiffany & Co. from $152.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, February 8th. Atlantic Securities raised Tiffany & Co. from a “neutral” rating to an “overweight” rating and set a $112.00 target price for the company in a research report on Thursday, January 31st. They noted that the move was a valuation call. Zacks Investment Research downgraded Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Guggenheim reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Friday, January 25th. Finally, Nomura decreased their target price on Tiffany & Co. to $108.00 and set a “buy” rating for the company in a research report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $117.14.

NYSE:TIF opened at $89.73 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.84 and a current ratio of 5.86. Tiffany & Co. has a one year low of $73.04 and a one year high of $141.64. The stock has a market capitalization of $10.94 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Tiffany & Co.’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that Tiffany & Co. will post 4.67 earnings per share for the current year.

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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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