Tiffany & Co. (TIF) : Compagnie Lombard Odier Scma scooped up 26,098 additional shares in Tiffany & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 212,491 shares of Tiffany & Co. which is valued at $14,302,769.Tiffany & Co. makes up approximately 0.41% of Compagnie Lombard Odier Scma’s portfolio.
Other Hedge Funds, Including , Invictus Rg Pte. Ltd. boosted its stake in TIF in the latest quarter, The investment management firm added 3,522 additional shares and now holds a total of 5,588 shares of Tiffany & Co. which is valued at $376,128. Tiffany & Co. makes up approx 0.32% of Invictus Rg Pte. Ltd.’s portfolio.Norges Bank reduced its stake in TIF by selling 38,301 shares or 3.49% in the most recent quarter. The Hedge Fund company now holds 1,059,358 shares of TIF which is valued at $71,305,387. Tiffany & Co. makes up approx 0.03% of Norges Bank’s portfolio. Gladstone Capital Management Llp added TIF to its portfolio by purchasing 52,000 company shares during the most recent quarter which is valued at $3,445,000. Tiffany & Co. makes up approx 3.34% of Gladstone Capital Management Llp’s portfolio. Roffman Miller Associates Inc Pa sold out all of its stake in TIF during the most recent quarter. The investment firm sold 8,382 shares of TIF which is valued $522,953.
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.