Stratos Wealth Partners LTD. Has $386,000 Stake in Tiffany & Co. (NYSE:TIF)

Stratos Wealth Partners LTD. raised its position in Tiffany & Co. (NYSE:TIF) by 30.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,115 shares of the specialty retailer’s stock after buying an additional 952 shares during the period. Stratos Wealth Partners LTD.’s holdings in Tiffany & Co. were worth $386,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TIF. King Luther Capital Management Corp raised its position in shares of Tiffany & Co. by 0.5% in the first quarter. King Luther Capital Management Corp now owns 803,818 shares of the specialty retailer’s stock worth $76,604,000 after buying an additional 4,235 shares during the period. Teachers Advisors LLC raised its position in shares of Tiffany & Co. by 35.6% in the fourth quarter. Teachers Advisors LLC now owns 183,288 shares of the specialty retailer’s stock worth $14,192,000 after buying an additional 48,123 shares during the period. Karp Capital Management Corp acquired a new position in shares of Tiffany & Co. during the first quarter worth about $4,418,000. Palo Capital Inc. raised its position in shares of Tiffany & Co. by 1.3% in the second quarter. Palo Capital Inc. now owns 20,347 shares of the specialty retailer’s stock worth $1,910,000 after buying an additional 259 shares during the period. Finally, First Manhattan Co. raised its position in shares of Tiffany & Co. by 15.1% in the first quarter. First Manhattan Co. now owns 25,728 shares of the specialty retailer’s stock worth $1,868,000 after buying an additional 3,375 shares during the period. 81.31% of the stock is owned by institutional investors and hedge funds.

Tiffany & Co. (NYSE TIF) traded down 0.38% during trading on Friday, reaching $88.03. 1,289,751 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $92.40 and a 200-day moving average price of $90.82. Tiffany & Co. has a 12 month low of $66.35 and a 12 month high of $97.29. The firm has a market cap of $10.97 billion, a PE ratio of 24.44 and a beta of 1.92.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. Tiffany & Co.’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, analysts forecast that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.27%. Tiffany & Co.’s dividend payout ratio is presently 55.56%.

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A number of equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) cut their target price on Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Bank of America Corporation restated a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $110.00 target price on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $92.81.

About Tiffany & Co.

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.

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

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