Reik Lowers stake in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : Reik reduced its stake in Tiffany & Co. by 1.56% during the most recent quarter end. The investment management company now holds a total of 297,364 shares of Tiffany & Co. which is valued at $20,015,571 after selling 4,701 shares in Tiffany & Co. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Tiffany & Co. makes up approximately 6.63% of Reik’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies boosted its stake in TIF in the latest quarter, The investment management firm added 254 additional shares and now holds a total of 10,988 shares of Tiffany & Co. which is valued at $739,602. Tiffany & Co. makes up approx 0.38% of Archford Capital Strategies’s portfolio. Fuller Thaler Asset Management added TIF to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $106,675.Strs Ohio boosted its stake in TIF in the latest quarter, The investment management firm added 5,344 additional shares and now holds a total of 55,358 shares of Tiffany & Co. which is valued at $3,493,643. Tiffany & Co. makes up approx 0.01% of Strs Ohio’s portfolio.Daiwa Securities Group boosted its stake in TIF in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 53,550 shares of Tiffany & Co. which is valued at $3,379,541. Tiffany & Co. makes up approx 0.02% of Daiwa Securities Group’s portfolio.

Tiffany & Co. closed down -1 points or -1.40% at $70.37 with 20,87,856 shares getting traded on Thursday. Post opening the session at $71.11, the shares hit an intraday low of $70 and an intraday high of $71.27 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Investors should note that on Aug 18, 2016, Tiffany & Co. announced a cash dividend of $0.4500. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 11, 2016.

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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