Cramer Rosenthal Mcglynn LLC increased its position in shares of Tiffany & Co. (NYSE:TIF) by 300.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,321,842 shares of the specialty retailer’s stock after buying an additional 991,802 shares during the quarter. Tiffany & Co. comprises about 1.9% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 5th biggest position. Cramer Rosenthal Mcglynn LLC owned approximately 1.06% of Tiffany & Co. worth $121,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. QS Investors LLC increased its holdings in Tiffany & Co. by 8.2% during the 2nd quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 103 shares in the last quarter. Welch Group LLC increased its holdings in Tiffany & Co. by 0.5% during the 2nd quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 8 shares in the last quarter. Wetherby Asset Management Inc. bought a new stake in Tiffany & Co. during the 2nd quarter worth approximately $201,000. Commerce Bank bought a new stake in Tiffany & Co. during the 2nd quarter worth approximately $209,000. Finally, Pacer Advisors Inc. increased its holdings in Tiffany & Co. by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock worth $213,000 after purchasing an additional 174 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Francesco Trapani acquired 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The stock was acquired at an average cost of $89.34 per share, with a total value of $2,233,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total value of $414,304,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

TIF has been the subject of a number of recent research reports. BidaskClub lowered Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, August 14th. Jefferies Group set a $110.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a report on Wednesday, August 16th. Oppenheimer set a $105.00 price objective on Tiffany & Co. and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $98.69.

Tiffany & Co. (NYSE:TIF) traded up $2.75 during mid-day trading on Monday, hitting $97.25. The stock had a trading volume of 3,090,200 shares, compared to its average volume of 1,677,460. The company has a market capitalization of $12,085.98, a price-to-earnings ratio of 24.87, a PEG ratio of 2.26 and a beta of 1.93. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 52 week low of $76.08 and a 52 week high of $98.58.

Tiffany & Co. (NYSE:TIF) last released its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. Tiffany & Co.’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. equities research analysts anticipate that Tiffany & Co. will post 3.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 53.76%.

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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. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

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

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