Virtu Financial LLC Takes Position in Tiffany & Co. (NYSE:TIF)

Virtu Financial LLC acquired a new stake in Tiffany & Co. (NYSE:TIF) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,012 shares of the specialty retailer’s stock, valued at approximately $464,000.

Other hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in Tiffany & Co. by 2.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,540 shares of the specialty retailer’s stock worth $1,081,000 after acquiring an additional 232 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Tiffany & Co. by 52.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 636 shares of the specialty retailer’s stock worth $59,000 after acquiring an additional 218 shares during the last quarter. Coronation Fund Managers Ltd. bought a new stake in Tiffany & Co. during the 2nd quarter worth approximately $1,617,000. Creative Planning grew its position in Tiffany & Co. by 1.7% during the 2nd quarter. Creative Planning now owns 17,370 shares of the specialty retailer’s stock worth $1,627,000 after acquiring an additional 294 shares during the last quarter. Finally, Reik & CO. LLC grew its position in Tiffany & Co. by 1.0% during the 2nd quarter. Reik & CO. LLC now owns 305,821 shares of the specialty retailer’s stock worth $28,637,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

NYSE:TIF opened at $133.55 on Tuesday. The stock’s fifty day moving average price is $116.79 and its two-hundred day moving average price is $97.39. Tiffany & Co. has a 52-week low of $73.04 and a 52-week high of $134.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.36 and a current ratio of 4.22. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 2.54 and a beta of 1.65.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 19th. Tiffany & Co.’s dividend payout ratio (DPR) is currently 50.22%.

A number of equities research analysts recently commented on TIF shares. Evercore ISI lowered Tiffany & Co. to an “outperform” rating in a research report on Monday, November 25th. Bank of America restated a “neutral” rating and set a $90.00 price target (down from $103.00) on shares of Tiffany & Co. in a research report on Wednesday, August 21st. William Blair downgraded Tiffany & Co. from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Jefferies Financial Group downgraded Tiffany & Co. from a “buy” rating to a “hold” rating and set a $110.00 price objective on the stock. in a report on Friday, November 8th. Finally, Telsey Advisory Group downgraded Tiffany & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price objective on the stock. in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. Tiffany & Co. presently has an average rating of “Hold” and an average price target of $120.45.

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 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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