Tiffany & Co. (TIF) Shares Sold by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC reduced its holdings in Tiffany & Co. (NYSE:TIF) by 30.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,110 shares of the specialty retailer’s stock after selling 1,800 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Tiffany & Co. were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tredje AP fonden increased its stake in Tiffany & Co. by 81.0% in the 1st quarter. Tredje AP fonden now owns 11,040 shares of the specialty retailer’s stock worth $1,084,000 after acquiring an additional 4,940 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Tiffany & Co. during the 1st quarter valued at about $254,000. State of New Jersey Common Pension Fund D increased its position in shares of Tiffany & Co. by 150.0% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 50,000 shares of the specialty retailer’s stock valued at $4,883,000 after purchasing an additional 30,000 shares during the last quarter. Boussard & Gavaudan Investment Management LLP increased its position in shares of Tiffany & Co. by 6.2% during the 1st quarter. Boussard & Gavaudan Investment Management LLP now owns 457,770 shares of the specialty retailer’s stock valued at $44,935,000 after purchasing an additional 26,919 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Tiffany & Co. by 34.7% during the 1st quarter. Neuberger Berman Group LLC now owns 416,161 shares of the specialty retailer’s stock valued at $40,642,000 after purchasing an additional 107,118 shares during the last quarter. Institutional investors and hedge funds own 83.82% of the company’s stock.

In other Tiffany & Co. news, Director Michael Joseph Kowalski sold 39,809 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $104.11, for a total value of $4,144,514.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Roger N. Farah acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 27th. The stock was acquired at an average price of $97.66 per share, with a total value of $976,600.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 75,000 shares of company stock valued at $7,238,850 and sold 47,419 shares valued at $4,903,374. Company insiders own 1.30% of the company’s stock.

Shares of TIF stock opened at $103.35 on Friday. The stock has a market cap of $12.95 billion, a P/E ratio of 25.02, a P/E/G ratio of 2.13 and a beta of 1.75. Tiffany & Co. has a 1-year low of $84.15 and a 1-year high of $111.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.50 and a quick ratio of 2.39.

Tiffany & Co. (NYSE:TIF) last issued its earnings results 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 company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $1.45 EPS. Tiffany & Co.’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts expect that Tiffany & Co. will post 4.37 EPS for the current fiscal year.

Several equities analysts have recently commented on TIF shares. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Loop Capital started coverage on Tiffany & Co. in a research report on Thursday, March 8th. They set a “hold” rating and a $103.00 price objective on the stock. Credit Suisse Group started coverage on Tiffany & Co. in a research report on Monday, March 12th. They set an “outperform” rating and a $120.00 price objective on the stock. Guggenheim reiterated a “buy” rating and set a $120.00 price objective on shares of Tiffany & Co. in a research report on Friday, March 16th. Finally, Cowen reiterated a “buy” rating and set a $110.00 price objective on shares of Tiffany & Co. in a research report on Monday, March 19th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. has a consensus rating of “Buy” and a consensus target price of $108.06.

Tiffany & Co. Profile

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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

Want to see what other hedge funds are holding TIF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tiffany & Co. (NYSE:TIF).

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

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply