Tiffany & Co. (NYSE:TIF) Shares Sold by Strs Ohio

Strs Ohio cut its stake in Tiffany & Co. (NYSE:TIF) by 11.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 56,362 shares of the specialty retailer’s stock after selling 7,541 shares during the period. Strs Ohio’s holdings in Tiffany & Co. were worth $5,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TIF. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Tiffany & Co. during the second quarter worth about $13,868,000. Confluence Investment Management LLC grew its position in shares of Tiffany & Co. by 0.7% during the second quarter. Confluence Investment Management LLC now owns 621,303 shares of the specialty retailer’s stock worth $58,179,000 after acquiring an additional 4,431 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Tiffany & Co. by 1.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 40,303 shares of the specialty retailer’s stock worth $3,774,000 after acquiring an additional 452 shares during the last quarter. Brandywine Oak Private Wealth LLC bought a new position in shares of Tiffany & Co. during the second quarter worth about $219,000. Finally, Flagship Harbor Advisors LLC grew its position in shares of Tiffany & Co. by 52.2% during the second quarter. Flagship Harbor Advisors LLC now owns 636 shares of the specialty retailer’s stock worth $59,000 after acquiring an additional 218 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Andrew W. Hart sold 2,665 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $90.53, for a total transaction of $241,262.45. Following the completion of the transaction, the insider now owns 13,522 shares in the company, valued at approximately $1,224,146.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Abby F. Kohnstamm sold 11,912 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $90.70, for a total transaction of $1,080,418.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,577 shares of company stock valued at $24,346,681. Insiders own 1.30% of the company’s stock.

Shares of TIF opened at $89.56 on Friday. Tiffany & Co. has a 52-week low of $73.04 and a 52-week high of $138.41. The company has a quick ratio of 1.36, a current ratio of 4.17 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $92.71. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.65 and a beta of 1.56.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Tuesday, June 4th. The specialty retailer reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.02. Tiffany & Co. had a net margin of 12.90% and a return on equity of 18.11%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts anticipate that Tiffany & Co. will post 4.88 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on TIF shares. UBS Group set a $98.00 target price on shares of Tiffany & Co. and gave the company a “hold” rating in a research report on Tuesday, June 11th. Citigroup lowered shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $115.00 to $100.00 in a research report on Monday, July 15th. Sanford C. Bernstein started coverage on shares of Tiffany & Co. in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $125.00 target price for the company. HSBC set a $122.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Loop Capital lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating and decreased their target price for the company from $110.00 to $91.85 in a research report on Tuesday, June 25th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Tiffany & Co. currently has a consensus rating of “Buy” and an average price target of $112.21.

About Tiffany & Co.

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 watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

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

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