Estabrook Capital Management Lowers stake in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : Estabrook Capital Management reduced its stake in Tiffany & Co. by 6.19% during the most recent quarter end. The investment management company now holds a total of 137,459 shares of Tiffany & Co. which is valued at $9,252,365 after selling 9,073 shares in Tiffany & Co. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Tiffany & Co. makes up approximately 1.34% of Estabrook Capital Management’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in TIF by selling 1,167 shares or 10.13% in the most recent quarter. The Hedge Fund company now holds 10,352 shares of TIF which is valued at $696,793. Tiffany & Co. makes up approx 0.01% of Proshare Advisors’s portfolio.Alliancebernstein boosted its stake in TIF in the latest quarter, The investment management firm added 2,488 additional shares and now holds a total of 213,842 shares of Tiffany & Co. which is valued at $14,393,705. Tiffany & Co. makes up approx 0.01% of Alliancebernstein’s portfolio.Sentry Investment Management boosted its stake in TIF in the latest quarter, The investment management firm added 31,080 additional shares and now holds a total of 39,321 shares of Tiffany & Co. which is valued at $2,646,697. Tiffany & Co. makes up approx 0.11% of Sentry Investment Management’s portfolio.Brown Advisory Inc reduced its stake in TIF by selling 164 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 6,414 shares of TIF which is valued at $412,035.California Public Employees Retirement System reduced its stake in TIF by selling 14,100 shares or 4.58% in the most recent quarter. The Hedge Fund company now holds 293,900 shares of TIF which is valued at $18,051,338. Tiffany & Co. makes up approx 0.03% of California Public Employees Retirement System’s portfolio.

Tiffany & Co. closed down -0.58 points or -0.79% at $72.98 with 23,11,496 shares getting traded on Monday. Post opening the session at $73.82, the shares hit an intraday low of $72.94 and an intraday high of $74.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tiffany & Co. reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.72. The company had revenue of $931.60 million for the quarter, compared to analysts expectations of $931.37 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. Company shares were Reiterated by Mizuho on Aug 26, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $72 .Company shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 76 from a previous price target of $65 .Shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 65 from a previous price target of $68 .

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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