OLD Mutual Customised Solutions Proprietary Ltd. Buys 2,300 Shares of Tiffany & Co. (TIF)

OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Tiffany & Co. (NYSE:TIF) by 54.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,500 shares of the specialty retailer’s stock after purchasing an additional 2,300 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Tiffany & Co. were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Tiffany & Co. by 300.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock worth $121,319,000 after buying an additional 991,802 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Tiffany & Co. by 280.7% during the 4th quarter. Two Sigma Advisers LP now owns 853,247 shares of the specialty retailer’s stock worth $88,695,000 after buying an additional 629,106 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Tiffany & Co. by 73.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,476,404 shares of the specialty retailer’s stock worth $153,472,000 after buying an additional 626,533 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Tiffany & Co. by 305.0% during the 4th quarter. Teachers Advisors LLC now owns 627,134 shares of the specialty retailer’s stock worth $65,191,000 after buying an additional 472,283 shares in the last quarter. Finally, Discovery Capital Management LLC CT raised its stake in shares of Tiffany & Co. by 137.3% during the 4th quarter. Discovery Capital Management LLC CT now owns 760,601 shares of the specialty retailer’s stock worth $79,064,000 after buying an additional 440,103 shares in the last quarter. 83.27% of the stock is owned by institutional investors.

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Tiffany & Co. (NYSE TIF) opened at $95.94 on Monday. Tiffany & Co. has a one year low of $84.15 and a one year high of $111.44. The firm has a market capitalization of $11,923.17, a P/E ratio of 23.23, a P/E/G ratio of 1.96 and a beta of 1.78. The company has a quick ratio of 2.39, a current ratio of 5.50 and a debt-to-equity ratio of 0.27.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Friday, March 16th. The specialty retailer reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.04. Tiffany & Co. had a return on equity of 16.32% and a net margin of 8.87%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $1.45 EPS. Tiffany & Co.’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts predict that Tiffany & Co. will post 4.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.08%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s payout ratio is 67.57%.

A number of equities analysts have recently issued reports on TIF shares. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Monday, November 27th. Oppenheimer reissued a “buy” rating and set a $105.00 target price on shares of Tiffany & Co. in a research note on Wednesday, November 29th. Cowen set a $102.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Thursday, November 30th. SBG Securities downgraded Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Royal Bank of Canada set a $94.00 target price on Tiffany & Co. and gave the stock a “hold” rating in a research note on Thursday, November 30th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Tiffany & Co. currently has a consensus rating of “Buy” and an average price target of $106.88.

In related news, Director Francesco Trapani purchased 15,000 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was bought at an average price of $98.11 per share, with a total value of $1,471,650.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles K. Marquis sold 4,717 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $107.84, for a total value of $508,681.28. The disclosure for this sale can be found here. In the last three months, insiders have acquired 22,000 shares of company stock valued at $2,162,630 and have sold 135,832 shares valued at $14,611,214. Company insiders own 1.30% of the company’s stock.

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About Tiffany & Co.

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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