Gofen & Glossberg LLC IL Decreases Holdings in Tiffany & Co. (TIF)

Gofen & Glossberg LLC IL reduced its holdings in shares of Tiffany & Co. (NYSE:TIF) by 24.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,795 shares of the specialty retailer’s stock after selling 22,273 shares during the quarter. Gofen & Glossberg LLC IL owned 0.05% of Tiffany & Co. worth $6,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in shares of Tiffany & Co. by 25.5% during the second quarter. Toronto Dominion Bank now owns 36,809 shares of the specialty retailer’s stock worth $3,455,000 after purchasing an additional 7,484 shares in the last quarter. Swiss National Bank lifted its position in shares of Tiffany & Co. by 2.8% during the second quarter. Swiss National Bank now owns 453,348 shares of the specialty retailer’s stock worth $42,556,000 after purchasing an additional 12,400 shares in the last quarter. Andra AP fonden raised its holdings in Tiffany & Co. by 8.4% in the second quarter. Andra AP fonden now owns 28,500 shares of the specialty retailer’s stock valued at $2,675,000 after acquiring an additional 2,200 shares in the last quarter. Sei Investments Co. raised its holdings in Tiffany & Co. by 215.0% in the second quarter. Sei Investments Co. now owns 14,390 shares of the specialty retailer’s stock valued at $1,351,000 after acquiring an additional 9,822 shares in the last quarter. Finally, Investec Asset Management LTD raised its holdings in Tiffany & Co. by 9.1% in the third quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock valued at $210,203,000 after acquiring an additional 191,783 shares in the last quarter. Institutional investors own 81.19% of the company’s stock.

In other news, Director Robert S. Singer acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were purchased at an average price of $88.13 per share, for a total transaction of $88,130.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francesco Trapani purchased 25,000 shares of the stock in a transaction on Tuesday, September 26th. The shares were bought at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by corporate insiders.

Shares of Tiffany & Co. (TIF) traded up $0.60 on Thursday, reaching $96.10. 750,300 shares of the company were exchanged, compared to its average volume of 1,662,253. The company has a market cap of $12,320.00, a price-to-earnings ratio of 24.42, a PEG ratio of 2.22 and a beta of 1.93. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 12-month low of $76.08 and a 12-month high of $98.64.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. During the same period in the prior year, the company earned $0.76 EPS. Tiffany & Co.’s revenue was up 2.8% on a year-over-year basis. research analysts anticipate that Tiffany & Co. will post 3.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 53.62%.

Several research firms recently issued reports on TIF. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Wednesday, November 22nd. Zacks Investment Research cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Susquehanna Bancshares began coverage on shares of Tiffany & Co. in a report on Thursday, November 2nd. They issued a “neutral” rating and a $100.00 price target on the stock. Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday. Finally, Cowen set a $102.00 price target on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, November 30th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. has an average rating of “Buy” and an average target price of $100.38.

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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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