Boussard Gavaudan Investment Management Llp adds Tiffany & Co. (TIF) to its portfolio

Tiffany & Co. (TIF) : Boussard Gavaudan Investment Management Llp added new position in Tiffany & Co. during the most recent quarter end. The investment management firm now holds 81,239 shares of Tiffany & Co. which is valued at $4,989,699 , the company said in a statement filed on Aug 3, 2016 with the SEC.Tiffany & Co. makes up approximately 1.12% of Boussard Gavaudan Investment Management Llp’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c boosted its stake in TIF in the latest quarter, The investment management firm added 4,702 additional shares and now holds a total of 16,435 shares of Tiffany & Co. which is valued at $1,009,438. Tiffany & Co. makes up approx 0.13% of Spot Trading L.l.c’s portfolio.Hl Financial Services boosted its stake in TIF in the latest quarter, The investment management firm added 1,471 additional shares and now holds a total of 6,259 shares of Tiffany & Co. which is valued at $395,005. Tiffany & Co. makes up approx 0.01% of Hl Financial Services’s portfolio.

Tiffany & Co. opened for trading at $63.28 and hit $64.75 on the upside on Monday, eventually ending the session at $64.24, with a gain of 2.37% or 1.49 points. The heightened volatility saw the trading volume jump to 22,04,976 shares. Company has a market cap of $8,095 M.

On the company’s financial health, Tiffany & Co. reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $0.68. The company had revenue of $891.30 million for the quarter, compared to analysts expectations of $914.97 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. 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 .Shares were Reiterated by Mizuho on May 26, 2016 to “Buy” and Lowered the Price Target to $ 72 from a previous price target of $80 .Shares were Reiterated by RBC Capital Mkts on May 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 68 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.

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