Tiffany & Co. (NYSE:TIF) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Tiffany & Co. (NYSE:TIF) by 9.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,650 shares of the specialty retailer’s stock after buying an additional 411 shares during the period. Daiwa Securities Group Inc.’s holdings in Tiffany & Co. were worth $431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mcrae Capital Management Inc. boosted its position in shares of Tiffany & Co. by 2.4% in the second quarter. Mcrae Capital Management Inc. now owns 5,400 shares of the specialty retailer’s stock worth $506,000 after acquiring an additional 125 shares during the last quarter. Lantz Financial LLC raised its holdings in Tiffany & Co. by 1.5% in the second quarter. Lantz Financial LLC now owns 8,583 shares of the specialty retailer’s stock valued at $791,000 after buying an additional 130 shares during the period. Advisor Group Inc. raised its holdings in Tiffany & Co. by 1.9% in the second quarter. Advisor Group Inc. now owns 6,927 shares of the specialty retailer’s stock valued at $648,000 after buying an additional 130 shares during the period. Pathstone Family Office LLC raised its holdings in Tiffany & Co. by 35.5% in the second quarter. Pathstone Family Office LLC now owns 550 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 144 shares during the period. Finally, Dubuque Bank & Trust Co. raised its holdings in Tiffany & Co. by 0.6% in the third quarter. Dubuque Bank & Trust Co. now owns 27,606 shares of the specialty retailer’s stock valued at $2,557,000 after buying an additional 153 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

TIF has been the topic of several research reports. HSBC lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Cowen raised their price target on shares of Tiffany & Co. from $107.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Citigroup cut their price target on shares of Tiffany & Co. from $100.00 to $94.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. UBS Group cut their price target on shares of Tiffany & Co. from $98.00 to $89.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Oppenheimer lowered shares of Tiffany & Co. from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $116.95.

TIF opened at $123.01 on Friday. The firm has a market capitalization of $14.92 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.38 and a beta of 1.66. The firm’s 50 day moving average is $102.85 and its 200-day moving average is $95.32. Tiffany & Co. has a 52-week low of $73.04 and a 52-week high of $130.40. The company has a quick ratio of 1.36, a current ratio of 4.22 and a debt-to-equity ratio of 0.58.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Tiffany & Co. had a net margin of 12.79% and a return on equity of 17.67%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Equities analysts expect that Tiffany & Co. will post 4.81 earnings per share for the current fiscal year.

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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

Further Reading: Options Trading

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

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