Bessemer Group Inc. Sells 1,296 Shares of Tiffany & Co. (TIF)

Bessemer Group Inc. decreased its position in shares of Tiffany & Co. (NYSE:TIF) by 50.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,257 shares of the specialty retailer’s stock after selling 1,296 shares during the period. Bessemer Group Inc.’s holdings in Tiffany & Co. were worth $162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its holdings in Tiffany & Co. by 3.4% during the 2nd quarter. CIBC Asset Management Inc now owns 11,784 shares of the specialty retailer’s stock worth $1,551,000 after buying an additional 387 shares during the period. Mission Wealth Management LP lifted its holdings in Tiffany & Co. by 21.9% during the 3rd quarter. Mission Wealth Management LP now owns 2,691 shares of the specialty retailer’s stock worth $347,000 after buying an additional 483 shares during the period. Gulf International Bank UK Ltd lifted its holdings in Tiffany & Co. by 1.3% during the 3rd quarter. Gulf International Bank UK Ltd now owns 39,170 shares of the specialty retailer’s stock worth $5,051,000 after buying an additional 490 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Tiffany & Co. by 2.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 22,389 shares of the specialty retailer’s stock worth $2,946,000 after acquiring an additional 498 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Tiffany & Co. by 6.2% in the 3rd quarter. Leavell Investment Management Inc. now owns 8,577 shares of the specialty retailer’s stock worth $1,111,000 after acquiring an additional 500 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

In other news, Director Francesco Trapani bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average cost of $122.96 per share, with a total value of $1,844,400.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lawrence K. Fish sold 7,000 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $129.40, for a total value of $905,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 60,000 shares of company stock valued at $7,435,050 and sold 22,148 shares valued at $2,839,461. Insiders own 1.30% of the company’s stock.

TIF has been the subject of several research analyst reports. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Thursday, October 4th. Loop Capital set a $155.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Jefferies Financial Group reissued a “buy” rating and issued a $160.00 price objective on shares of Tiffany & Co. in a research report on Tuesday, August 28th. ValuEngine lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Oppenheimer lowered Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $145.00 price objective for the company. in a research report on Friday, August 10th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $131.75.

Shares of Tiffany & Co. stock opened at $102.41 on Friday. Tiffany & Co. has a one year low of $90.55 and a one year high of $141.64. The stock has a market capitalization of $12.53 billion, a P/E ratio of 24.80, a PEG ratio of 1.86 and a beta of 1.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.05 and a quick ratio of 2.09.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Tuesday, August 28th. The specialty retailer reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. Tiffany & Co. had a return on equity of 18.67% and a net margin of 10.16%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Tiffany & Co. will post 4.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Thursday, December 20th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Wednesday, December 19th. Tiffany & Co.’s payout ratio is 53.27%.

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Tiffany & Co. Company 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.

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

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