Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stake in Tiffany & Co. (NYSE:TIF)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Tiffany & Co. (NYSE:TIF) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,570 shares of the specialty retailer’s stock after buying an additional 2,684 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Tiffany & Co. were worth $2,885,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. World Asset Management Inc lifted its position in shares of Tiffany & Co. by 1.1% during the fourth quarter. World Asset Management Inc now owns 7,695 shares of the specialty retailer’s stock worth $1,028,000 after purchasing an additional 81 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Tiffany & Co. by 2.1% during the third quarter. Tower Research Capital LLC TRC now owns 4,175 shares of the specialty retailer’s stock worth $387,000 after purchasing an additional 86 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Tiffany & Co. by 9.8% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,117 shares of the specialty retailer’s stock worth $149,000 after purchasing an additional 100 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Tiffany & Co. by 21.7% during the fourth quarter. Quadrant Capital Group LLC now owns 560 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 100 shares during the last quarter. Finally, Schulhoff & Co. Inc. lifted its position in shares of Tiffany & Co. by 0.8% during the fourth quarter. Schulhoff & Co. Inc. now owns 20,017 shares of the specialty retailer’s stock worth $2,675,000 after purchasing an additional 154 shares during the last quarter. 96.37% of the stock is owned by institutional investors.

Shares of NYSE TIF opened at $134.27 on Friday. The company has a quick ratio of 1.17, a current ratio of 4.10 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $134.02 and its two-hundred day moving average price is $112.45. Tiffany & Co. has a 52-week low of $78.60 and a 52-week high of $134.42. The stock has a market capitalization of $16.26 billion, a P/E ratio of 30.04, a P/E/G ratio of 2.49 and a beta of 1.56.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). Tiffany & Co. had a return on equity of 16.98% and a net margin of 12.41%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts expect that Tiffany & Co. will post 4.65 earnings per share for the current year.

TIF has been the topic of several research analyst reports. Credit Suisse Group cut shares of Tiffany & Co. from an “outperform” rating to a “neutral” rating and set a $135.00 price target on the stock. in a research report on Friday, December 6th. ValuEngine cut shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Morgan Stanley increased their price target on shares of Tiffany & Co. from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a research report on Monday, October 28th. Finally, Sanford C. Bernstein cut shares of Tiffany & Co. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. Tiffany & Co. presently has a consensus rating of “Hold” and a consensus price target of $123.17.

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 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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