Horan Capital Management trimmed its stake in Tiffany & Co. (NYSE:TIF) by 80.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,669 shares of the specialty retailer’s stock after selling 11,178 shares during the period. Horan Capital Management’s holdings in Tiffany & Co. were worth $277,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its position in Tiffany & Co. by 25.5% in the 2nd 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 during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Tiffany & Co. by 489.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,941 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 3,272 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tiffany & Co. during the 3rd quarter valued at about $274,000. Investec Asset Management LTD boosted its position in shares of Tiffany & Co. by 9.1% during the 3rd 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. Finally, KBC Group NV boosted its position in shares of Tiffany & Co. by 50.5% during the 3rd quarter. KBC Group NV now owns 38,769 shares of the specialty retailer’s stock valued at $3,558,000 after acquiring an additional 13,013 shares in the last quarter. Institutional investors own 81.83% of the company’s stock.
Several brokerages have recently weighed in on TIF. Royal Bank of Canada lifted their target price on shares of Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. JPMorgan Chase & Co. assumed coverage on shares of Tiffany & Co. in a report on Monday, December 18th. They set a “neutral” rating and a $103.00 price target for the company. Finally, Citigroup raised shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $92.00 to $115.00 in a report on Thursday, December 14th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $102.00.
Tiffany & Co. (NYSE TIF) traded down $0.33 on Thursday, hitting $102.78. 35,941 shares of the company were exchanged, compared to its average volume of 1,501,270. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44. The company has a market capitalization of $12,547.05, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.80. Tiffany & Co. has a twelve month low of $82.61 and a twelve month high of $111.44.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million during the quarter, compared to the consensus estimate of $957.18 million. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. Tiffany & Co.’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. equities analysts anticipate that Tiffany & Co. will post 4.08 earnings per share for the current fiscal year.
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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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