Tiffany & Co. (TIF) : Carl Domino Inc reduced its stake in Tiffany & Co. by 4.25% during the most recent quarter end. The investment management company now holds a total of 16,895 shares of Tiffany & Co. which is valued at $1,241,276 after selling 750 shares in Tiffany & Co. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Tiffany & Co. makes up approximately 1.18% of Carl Domino Inc’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in TIF in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 8,904 shares of Tiffany & Co. which is valued at $654,177. Tiffany & Co. makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in TIF in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 25,212 shares of Tiffany & Co. which is valued at $1,862,410. Tiffany & Co. makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio. Simplex Trading sold out all of its stake in TIF during the most recent quarter. The investment firm sold 37,286 shares of TIF which is valued $2,734,928.Washington Trust Bank reduced its stake in TIF by selling 20 shares or 64.52% in the most recent quarter. The Hedge Fund company now holds 11 shares of TIF which is valued at $801.
Tiffany & Co. closed down -0.4 points or -0.54% at $73.47 with 16,28,743 shares getting traded on Tuesday. Post opening the session at $73.56, the shares hit an intraday low of $73.09 and an intraday high of $74.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.. Tiffany & Co. was Initiated by Guggenheim to “Buy” on Sep 30, 2016. CLSA Initiated Tiffany & Co. on Sep 29, 2016 to “Outperform”, Price Target of the shares are set at $80.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 .
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.