Weik Investment Services Inc buys $2.9 Million stake in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : Weik Investment Services Inc scooped up 50 additional shares in Tiffany & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 45,305 shares of Tiffany & Co. which is valued at $2.9 Million.Tiffany & Co. makes up approximately 1.78% of Weik Investment Services Inc’s portfolio.

Other Hedge Funds, Including , Dekabank Deutsche Girozentrale boosted its stake in TIF in the latest quarter, The investment management firm added 192,480 additional shares and now holds a total of 372,072 shares of Tiffany & Co. which is valued at $24 Million. Tiffany & Co. makes up approx 0.29% of Dekabank Deutsche Girozentrale’s portfolio.Victory Capital Management Inc boosted its stake in TIF in the latest quarter, The investment management firm added 656,617 additional shares and now holds a total of 833,344 shares of Tiffany & Co. which is valued at $53.7 Million. Tiffany & Co. makes up approx 0.23% of Victory Capital Management Inc’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in TIF in the latest quarter, The investment management firm added 17,449 additional shares and now holds a total of 2,889,319 shares of Tiffany & Co. which is valued at $186.2 Million. Tiffany & Co. makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Norges Bank boosted its stake in TIF in the latest quarter, The investment management firm added 64,904 additional shares and now holds a total of 1,059,358 shares of Tiffany & Co. which is valued at $68.3 Million. Tiffany & Co. makes up approx 0.03% of Norges Bank’s portfolio. Northpointe Capital added TIF to its portfolio by purchasing 1,140 company shares during the most recent quarter which is valued at $81,339. Tiffany & Co. makes up approx 0.01% of Northpointe Capital’s portfolio.

Tiffany & Co. opened for trading at $62.38 and hit $64.25 on the upside on Wednesday, eventually ending the session at $63.89, with a gain of 0.06% or 0.04 points. The heightened volatility saw the trading volume jump to 71,66,622 shares. Company has a market cap of $8,053 M.

On the company’s financial health, Tiffany & Co. reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $0.68. The company had revenue of $891.30 million for the quarter, compared to analysts expectations of $914.97 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. Shares were Reiterated by Mizuho on May 26, 2016 to “Buy” and Lowered the Price Target to $ 72 from a previous price target of $80 .Shares were Reiterated by RBC Capital Mkts on May 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 68 from a previous price target of $72 .Shares were Reiterated by Topeka Capital Markets on May 25, 2016 to “Buy” and Lowered the Price Target to $ 84 from a previous price target of $89 .

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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