Reik Lowers stake in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : Reik reduced its stake in Tiffany & Co. by 1.54% during the most recent quarter end. The investment management company now holds a total of 302,065 shares of Tiffany & Co. which is valued at $22,059,807 after selling 4,721 shares in Tiffany & Co. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Tiffany & Co. makes up approximately 7.91% of Reik’s portfolio.

Tiffany & Co. opened for trading at $72.66 and hit $73.58 on the upside on Wednesday, eventually ending the session at $73.36, with a gain of 1.05% or 0.76 points. The heightened volatility saw the trading volume jump to 8,38,802 shares. Company has a market cap of $9,246 M.

Other Hedge Funds, Including , Jolley Asset Management added TIF to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $43,818. Tiffany & Co. makes up approx 0.04% of Jolley Asset Management’s portfolio.Gateway Investment Advisers boosted its stake in TIF in the latest quarter, The investment management firm added 8,977 additional shares and now holds a total of 211,877 shares of Tiffany & Co. which is valued at $15,473,377. Tiffany & Co. makes up approx 0.13% of Gateway Investment Advisers’s portfolio.Gofen Glossberg Il boosted its stake in TIF in the latest quarter, The investment management firm added 2,957 additional shares and now holds a total of 90,676 shares of Tiffany & Co. which is valued at $6,454,318. Tiffany & Co. makes up approx 0.27% of Gofen Glossberg Il’s portfolio.

On the company’s financial health, Tiffany & Co. reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Mar 18, 2016. Analyst had a consensus of $1.40. The company had revenue of $1213.60 million for the quarter, compared to analysts expectations of $1211.28 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. Company shares were Reiterated by RBC Capital Mkts on Apr 13, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 72 from a previous price target of $66 .Company shares were Reiterated by Telsey Advisory Group on Mar 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 83 from a previous price target of $80 .Shares were Reiterated by Topeka Capital Markets on Mar 18, 2016 to “Buy” and Lowered the Price Target to $ 89 from a previous price target of $92 .

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

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