Cooke & Bieler LP purchased a new position in Tiffany & Co. (NYSE:TIF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 331,000 shares of the company’s stock, valued at approximately $20,072,000. Cooke & Bieler LP owned about 0.26% of Tiffany & Co. as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Retirement Design & Management Inc. ADV bought a new stake in shares of Tiffany & Co. during the second quarter worth about $615,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Tiffany & Co. by 1.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,276 shares of the company’s stock worth $683,000 after buying an additional 137 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Tiffany & Co. by 13.6% in the second quarter. Advisory Services Network LLC now owns 1,879 shares of the company’s stock worth $114,000 after buying an additional 225 shares in the last quarter. ING Groep NV bought a new stake in shares of Tiffany & Co. during the second quarter worth about $235,000. Finally, Speece Thorson Capital Group Inc. increased its stake in shares of Tiffany & Co. by 110.8% in the second quarter. Speece Thorson Capital Group Inc. now owns 203,830 shares of the company’s stock worth $12,360,000 after buying an additional 107,156 shares in the last quarter. Institutional investors own 85.66% of the company’s stock.

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

Tiffany & Co. (NYSE:TIF) traded up 0.15% during trading on Tuesday, reaching $72.01. The company’s stock had a trading volume of 552,514 shares. The company has a 50 day moving average price of $71.54 and a 200-day moving average price of $67.08. Tiffany & Co. has a 52 week low of $56.99 and a 52 week high of $84.19. The company has a market capitalization of $8.99 billion, a PE ratio of 20.54 and a beta of 2.07.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. The business earned $932 million during the quarter, compared to analysts’ expectations of $931.37 million. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. Equities research analysts anticipate that Tiffany & Co. will post $3.67 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Tuesday, September 20th were issued a $0.45 dividend. The ex-dividend date was Friday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.50%. Tiffany & Co.’s dividend payout ratio is currently 51.28%.

A number of brokerages recently issued reports on TIF. Guggenheim assumed coverage on Tiffany & Co. in a research report on Friday, September 30th. They issued a “buy” rating and a $85.00 price target for the company. Credit Agricole SA assumed coverage on Tiffany & Co. in a research note on Wednesday, September 28th. They issued an “outperform” rating and a $80.00 target price on the stock. Bank of America Corp. set a $75.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Mizuho set a $82.00 target price on Tiffany & Co. and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Finally, Jefferies Group reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Friday, September 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $79.14.

In other news, SVP Philippe Galtie sold 482 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total value of $34,708.82. Following the completion of the sale, the senior vice president now directly owns 670 shares of the company’s stock, valued at approximately $48,246.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean-Marc Bellaiche sold 775 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $61.78, for a total value of $47,879.50. Following the completion of the sale, the insider now directly owns 2,179 shares of the company’s stock, valued at $134,618.62. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

About Tiffany & Co.

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.

5 Day Chart for NYSE:TIF

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