Rockland Trust Co. Sells 1,474 Shares of Tiffany & Co. (NYSE:TIF)

Rockland Trust Co. reduced its position in Tiffany & Co. (NYSE:TIF) by 30.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,385 shares of the specialty retailer’s stock after selling 1,474 shares during the period. Rockland Trust Co.’s holdings in Tiffany & Co. were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TIF. Mn Services Vermogensbeheer B.V. boosted its position in shares of Tiffany & Co. by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,319 shares of the specialty retailer’s stock valued at $296,000 after buying an additional 124 shares during the period. Nationwide Fund Advisors boosted its position in shares of Tiffany & Co. by 4.0% in the first quarter. Nationwide Fund Advisors now owns 30,396 shares of the specialty retailer’s stock valued at $2,897,000 after buying an additional 1,156 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Tiffany & Co. by 17.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 10,816 shares of the specialty retailer’s stock valued at $1,031,000 after buying an additional 1,621 shares during the period. Retirement Systems of Alabama boosted its position in shares of Tiffany & Co. by 2.0% in the first quarter. Retirement Systems of Alabama now owns 51,736 shares of the specialty retailer’s stock valued at $4,930,000 after buying an additional 1,005 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Tiffany & Co. during the first quarter valued at $497,000. 81.06% of the stock is owned by institutional investors and hedge funds.

Shares of Tiffany & Co. (NYSE:TIF) opened at 91.24 on Thursday. Tiffany & Co. has a 52 week low of $64.73 and a 52 week high of $97.29. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 25.33 and a beta of 1.92. The firm’s 50-day moving average price is $93.05 and its 200 day moving average price is $90.41.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The firm had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Tiffany & Co. will post $3.96 EPS for the current year.

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Several brokerages have recently weighed in on TIF. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $104.00 price target on shares of Tiffany & Co. in a research report on Thursday, June 1st. Bank of America Corporation reiterated a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, May 10th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $88.00 price target (down from $93.00) on shares of Tiffany & Co. in a research report on Thursday, May 25th. BidaskClub upgraded Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $92.36.

Tiffany & Co. Company Profile

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

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

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