Foyston Gordon Payne Inc adds Tiffany & Co. (TIF) to its portfolio

Tiffany & Co. (TIF) : Foyston Gordon Payne Inc added new position in Tiffany & Co. during the most recent quarter end. The investment management firm now holds 133,773 shares of Tiffany & Co. which is valued at $9,004,261 , the company said in a statement filed on Aug 11, 2016 with the SEC.Tiffany & Co. makes up approximately 1.59% of Foyston Gordon Payne Inc’s portfolio.

Other Hedge Funds, Including , Weik Investment Services Inc reduced its stake in TIF by selling 325 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 44,980 shares of TIF which is valued at $3,027,604. Tiffany & Co. makes up approx 1.73% of Weik Investment Services Inc’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in TIF by selling 7,060 shares or 34.65% in the most recent quarter. The Hedge Fund company now holds 13,315 shares of TIF which is valued at $882,119. Tiffany & Co. makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Signaturefd boosted its stake in TIF in the latest quarter, The investment management firm added 2,141 additional shares and now holds a total of 2,173 shares of Tiffany & Co. which is valued at $140,202. Tiffany & Co. makes up approx 0.02% of Signaturefd’s portfolio. Financial Architects Inc added TIF to its portfolio by purchasing 1,147 company shares during the most recent quarter which is valued at $72,387. Tiffany & Co. makes up approx 0.02% of Financial Architects Inc’s portfolio.Shinko Asset Management Ltd. boosted its stake in TIF in the latest quarter, The investment management firm added 486 additional shares and now holds a total of 4,433 shares of Tiffany & Co. which is valued at $274,846.

Tiffany & Co. opened for trading at $68.62 and hit $70.07 on the upside on Tuesday, eventually ending the session at $69.13, with a gain of 1.56% or 1.06 points. The heightened volatility saw the trading volume jump to 26,19,319 shares. Company has a market cap of $8,712 M.

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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