Crossmark Global Holdings Inc. Lowers Stake in Tiffany & Co. (TIF)

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Crossmark Global Holdings Inc. reduced its position in Tiffany & Co. (NYSE:TIF) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,464 shares of the specialty retailer’s stock after selling 784 shares during the period. Crossmark Global Holdings Inc.’s holdings in Tiffany & Co. were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC acquired a new stake in shares of Tiffany & Co. during the fourth quarter worth $39,789,000. Intact Investment Management Inc. acquired a new stake in shares of Tiffany & Co. during the third quarter worth $245,000. Jennison Associates LLC acquired a new stake in shares of Tiffany & Co. during the third quarter worth $150,778,000. Prudential Financial Inc. grew its stake in shares of Tiffany & Co. by 13.4% during the third quarter. Prudential Financial Inc. now owns 156,782 shares of the specialty retailer’s stock worth $20,220,000 after purchasing an additional 18,550 shares during the period. Finally, Granite Investment Advisors LLC grew its stake in shares of Tiffany & Co. by 3.7% during the fourth quarter. Granite Investment Advisors LLC now owns 18,030 shares of the specialty retailer’s stock worth $1,452,000 after purchasing an additional 650 shares during the period. 80.47% of the stock is owned by institutional investors.

In other Tiffany & Co. news, insider Philippe Galtie sold 1,263 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $88.23, for a total value of $111,434.49. Following the completion of the transaction, the insider now directly owns 6,010 shares of the company’s stock, valued at $530,262.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew W. Hart sold 7,428 shares of the business’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $87.39, for a total value of $649,132.92. Following the completion of the transaction, the senior vice president now directly owns 19,024 shares of the company’s stock, valued at $1,662,507.36. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

NYSE:TIF opened at $90.93 on Thursday. Tiffany & Co. has a 1 year low of $73.04 and a 1 year high of $141.64. The company has a quick ratio of 1.84, a current ratio of 5.86 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57.

Tiffany & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 28th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Tiffany & Co. had a return on equity of 18.71% and a net margin of 9.96%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Tiffany & Co. will post 4.67 earnings per share for the current year.

A number of equities research analysts recently commented on the company. ValuEngine raised Tiffany & Co. from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Credit Suisse Group decreased their price objective on Tiffany & Co. from $146.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, November 29th. KeyCorp decreased their price objective on Tiffany & Co. from $150.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, November 29th. Goldman Sachs Group cut Tiffany & Co. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $136.00 to $104.00 in a research note on Tuesday, January 22nd. Finally, Atlantic Securities raised Tiffany & Co. from a “neutral” rating to an “overweight” rating and set a $112.00 price objective for the company in a research note on Thursday, January 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Tiffany & Co. has an average rating of “Buy” and an average target price of $117.14.

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

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

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