Cadence Capital Management LLC decreased its stake in shares of Tiffany & Co. (NYSE:TIF) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 8,342 shares of the specialty retailer’s stock after selling 4,862 shares during the quarter. Cadence Capital Management LLC’s holdings in Tiffany & Co. were worth $867,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Stoneridge Investment Partners LLC lifted its position in shares of Tiffany & Co. by 183.7% during the fourth quarter. Stoneridge Investment Partners LLC now owns 80,780 shares of the specialty retailer’s stock worth $8,397,000 after purchasing an additional 52,310 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of Tiffany & Co. during the fourth quarter worth about $118,000. Public Employees Retirement Association of Colorado lifted its position in shares of Tiffany & Co. by 3.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 23,351 shares of the specialty retailer’s stock worth $2,427,000 after purchasing an additional 688 shares during the last quarter. Aperio Group LLC lifted its position in shares of Tiffany & Co. by 3.1% during the fourth quarter. Aperio Group LLC now owns 52,233 shares of the specialty retailer’s stock worth $5,430,000 after purchasing an additional 1,579 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Tiffany & Co. by 103.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 697 shares during the last quarter. 81.83% of the stock is currently owned by institutional investors and hedge funds.

In other Tiffany & Co. news, Director Charles K. Marquis sold 4,717 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $107.84, for a total value of $508,681.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Abby F. Kohnstamm sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $108.73, for a total transaction of $1,087,300.00. The disclosure for this sale can be found here. Insiders sold 92,217 shares of company stock worth $10,076,469 in the last 90 days. 1.30% of the stock is owned by company insiders.

Shares of Tiffany & Co. (NYSE:TIF) opened at $100.96 on Wednesday. Tiffany & Co. has a 12 month low of $81.23 and a 12 month high of $111.44. The company has a market cap of $12,550.00, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.80. The company has a quick ratio of 2.09, a current ratio of 5.44 and a debt-to-equity ratio of 0.28.

Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter last year, the business earned $0.76 earnings per share. Tiffany & Co.’s revenue was up 2.8% compared to the same quarter last year. equities research analysts forecast that Tiffany & Co. will post 4.08 EPS for the current fiscal year.

Several research firms recently weighed in on TIF. Oppenheimer reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, January 24th. Royal Bank of Canada increased their price objective on shares of Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. began coverage on shares of Tiffany & Co. in a research note on Monday, December 18th. They set a “neutral” rating and a $103.00 price objective on the stock. Finally, Citigroup upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $92.00 to $115.00 in a research note on Thursday, December 14th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $102.00.

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Tiffany & Co. Profile

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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