Tiffany & Co. (NYSE:TIF) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its stake in shares of Tiffany & Co. (NYSE:TIF) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,908 shares of the specialty retailer’s stock after selling 2,002 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Tiffany & Co. were worth $451,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. CWM LLC raised its stake in Tiffany & Co. by 70.5% during the 3rd quarter. CWM LLC now owns 1,178 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 487 shares in the last quarter. State of Michigan Retirement System raised its stake in Tiffany & Co. by 1.2% during the 3rd quarter. State of Michigan Retirement System now owns 26,134 shares of the specialty retailer’s stock worth $2,421,000 after acquiring an additional 300 shares in the last quarter. Speece Thorson Capital Group Inc. raised its stake in Tiffany & Co. by 31.2% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 93,366 shares of the specialty retailer’s stock worth $8,648,000 after acquiring an additional 22,178 shares in the last quarter. LVW Advisors LLC raised its stake in Tiffany & Co. by 8.2% during the 3rd quarter. LVW Advisors LLC now owns 4,286 shares of the specialty retailer’s stock worth $397,000 after acquiring an additional 326 shares in the last quarter. Finally, World Asset Management Inc raised its stake in Tiffany & Co. by 3.9% during the 3rd quarter. World Asset Management Inc now owns 7,614 shares of the specialty retailer’s stock worth $705,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

NYSE TIF opened at $92.43 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.36 and a current ratio of 4.22. The firm has a market cap of $11.04 billion, a PE ratio of 20.01, a P/E/G ratio of 1.72 and a beta of 1.60. Tiffany & Co. has a one year low of $73.04 and a one year high of $117.93. The firm’s fifty day moving average is $90.83 and its two-hundred day moving average is $93.87.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. Tiffany & Co. had a net margin of 12.79% and a return on equity of 17.67%. Tiffany & Co.’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Research analysts predict that Tiffany & Co. will post 4.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 20th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $2.32 dividend on an annualized basis and a yield of 2.51%. Tiffany & Co.’s dividend payout ratio is presently 50.22%.

TIF has been the topic of several research analyst reports. Oppenheimer cut their price target on shares of Tiffany & Co. from $115.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Telsey Advisory Group cut their price target on shares of Tiffany & Co. from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley cut their price target on shares of Tiffany & Co. from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 17th. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Tiffany & Co. in a research note on Wednesday, August 28th. Finally, Bank of America reiterated a “neutral” rating and set a $90.00 price target (down from $103.00) on shares of Tiffany & Co. in a research note on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Tiffany & Co. currently has an average rating of “Buy” and a consensus price target of $103.78.

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

See Also: Index Funds

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.