Tiffany & Co. (TIF) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in Tiffany & Co. (NYSE:TIF) by 38.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,492 shares of the specialty retailer’s stock after purchasing an additional 696 shares during the period. Envestnet Asset Management Inc.’s holdings in Tiffany & Co. were worth $259,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Calton & Associates Inc. bought a new stake in shares of Tiffany & Co. in the 4th quarter worth $118,000. Denali Advisors LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter worth $125,000. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. in the 4th quarter worth $130,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Tiffany & Co. by 103.1% in the 4th 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 in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of Tiffany & Co. in the 4th quarter worth $208,000. 83.31% of the stock is owned by institutional investors and hedge funds.

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In related news, Chairman Roger N. Farah purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 27th. The stock was acquired at an average price of $97.66 per share, with a total value of $976,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philippe Galtie sold 673 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $107.92, for a total value of $72,630.16. Following the sale, the insider now directly owns 673 shares of the company’s stock, valued at approximately $72,630.16. The disclosure for this sale can be found here. In the last three months, insiders have acquired 77,000 shares of company stock valued at $7,437,830 and have sold 139,636 shares valued at $14,979,843. Insiders own 1.30% of the company’s stock.



Several analysts recently commented on TIF shares. Wells Fargo set a $96.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada lifted their price objective on Tiffany & Co. to $108.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating on shares of Tiffany & Co. in a report on Thursday, April 5th. Loop Capital raised Tiffany & Co. from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Thursday, April 5th. Finally, Morgan Stanley lifted their price objective on Tiffany & Co. from $83.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, March 19th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $107.47.

NYSE:TIF opened at $100.00 on Thursday. Tiffany & Co. has a 52-week low of $84.15 and a 52-week high of $111.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.50 and a quick ratio of 2.39. The stock has a market cap of $12,404.13, a price-to-earnings ratio of 24.21, a P/E/G ratio of 2.04 and a beta of 1.77.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Friday, March 16th. The specialty retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.04. Tiffany & Co. had a return on equity of 16.32% and a net margin of 8.87%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. Tiffany & Co.’s revenue for the quarter was up 8.5% on a year-over-year basis. equities research analysts predict that Tiffany & Co. will post 4.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Shareholders of record on Tuesday, March 20th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Monday, March 19th. Tiffany & Co.’s dividend payout ratio is presently 48.43%.

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About Tiffany & Co.

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 timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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

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