Trian Fund Management Exits Position in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : Trian Fund Management has sold out all of its stake in Tiffany & Co. during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 14,260 shares of Tiffany & Co. which is valued at $959,841.

Other Hedge Funds, Including , International Value Advisers added TIF to its portfolio by purchasing 1,120,900 company shares during the most recent quarter which is valued at $75,447,779. Tiffany & Co. makes up approx 2.08% of International Value Advisers’s portfolio. Cleararc Capital Inc sold out all of its stake in TIF during the most recent quarter. The investment firm sold 2,730 shares of TIF which is valued $183,756.Pioneer Investment Management Inc boosted its stake in TIF in the latest quarter, The investment management firm added 858,938 additional shares and now holds a total of 1,412,840 shares of Tiffany & Co. which is valued at $95,098,260. Tiffany & Co. makes up approx 0.34% of Pioneer Investment Management Inc’s portfolio. Boussard Gavaudan Investment Management Llp added TIF to its portfolio by purchasing 81,239 company shares during the most recent quarter which is valued at $4,989,699. Tiffany & Co. makes up approx 1.12% of Boussard Gavaudan Investment Management Llp’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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