Guggenheim Capital LLC boosted its stake in Tiffany & Co. (NYSE:TIF) by 10.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,952 shares of the specialty retailer’s stock after purchasing an additional 2,926 shares during the quarter. Guggenheim Capital LLC’s holdings in Tiffany & Co. were worth $4,138,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in shares of Tiffany & Co. by 236.8% during the 1st quarter. Bessemer Group Inc. now owns 192 shares of the specialty retailer’s stock worth $25,000 after buying an additional 135 shares during the period. Financial Architects Inc lifted its holdings in Tiffany & Co. by 310.0% during the first quarter. Financial Architects Inc now owns 205 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in Tiffany & Co. in the first quarter valued at about $31,000. Capital International Sarl acquired a new stake in shares of Tiffany & Co. during the fourth quarter worth about $48,000. Finally, Procyon Private Wealth Partners LLC acquired a new position in shares of Tiffany & Co. in the 4th quarter valued at approximately $50,000. 80.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $135.00 price target on shares of Tiffany & Co. in a research note on Wednesday, June 3rd. William Blair reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Monday, March 23rd. Zacks Investment Research upgraded Tiffany & Co. from a “sell” rating to a “hold” rating and set a $133.00 target price for the company in a report on Monday, March 23rd. Needham & Company LLC started coverage on Tiffany & Co. in a report on Friday, June 19th. They issued a “hold” rating on the stock. Finally, TheStreet downgraded Tiffany & Co. from a “b” rating to a “c” rating in a report on Tuesday, June 9th. Nineteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $122.76.

TIF stock opened at $119.57 on Tuesday. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 4.85 and a beta of 1.01. The company has a fifty day moving average price of $123.34 and a two-hundred day moving average price of $129.21. Tiffany & Co. has a one year low of $78.60 and a one year high of $134.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.21 and a quick ratio of 1.21.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Tuesday, June 9th. The specialty retailer reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.74). Tiffany & Co. had a net margin of 8.83% and a return on equity of 11.48%. The company had revenue of $555.50 million during the quarter, compared to the consensus estimate of $653.97 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was down 44.6% compared to the same quarter last year. Research analysts anticipate that Tiffany & Co. will post 2.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, June 19th. Tiffany & Co.’s dividend payout ratio is 50.54%.

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.

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

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