First Mercantile Trust Co buys $1,108,612 stake in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : First Mercantile Trust Co scooped up 831 additional shares in Tiffany & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 15,114 shares of Tiffany & Co. which is valued at $1,108,612.Tiffany & Co. makes up approximately 0.15% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in TIF by selling 954 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 27,425 shares of TIF which is valued at $2,011,624. Tiffany & Co. makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.Telemus Capital boosted its stake in TIF in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 5,434 shares of Tiffany & Co. which is valued at $395,595. Tiffany & Co. makes up approx 0.04% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in TIF by selling 3,925 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 89,732 shares of TIF which is valued at $6,532,490. Tiffany & Co. makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.Cacti Asset Management reduced its stake in TIF by selling 1,335 shares or 35.74% in the most recent quarter. The Hedge Fund company now holds 2,400 shares of TIF which is valued at $174,720. Tiffany & Co. makes up approx 0.02% of Cacti Asset Management’s portfolio.

Tiffany & Co. opened for trading at $72.92 and hit $73.535 on the upside on Friday, eventually ending the session at $73.35, with a gain of 0.48% or 0.35 points. The heightened volatility saw the trading volume jump to 13,84,667 shares. Company has a market cap of $9,161 M.

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.

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