Tiffany & Co. (TIF) : Foyston Gordon Payne Inc scooped up 1,986 additional shares in Tiffany & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 135,759 shares of Tiffany & Co. which is valued at $10,602,778.Tiffany & Co. makes up approximately 2.04% of Foyston Gordon Payne Inc’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in TIF in the latest quarter, The investment management firm added 2,978 additional shares and now holds a total of 23,675 shares of Tiffany & Co. which is valued at $1,849,018. Tiffany & Co. makes up approx 0.01% of Envestnet Asset Management Inc’s portfolio.Proshare Advisors reduced its stake in TIF by selling 2,623 shares or 25.34% in the most recent quarter. The Hedge Fund company now holds 7,729 shares of TIF which is valued at $620,098. Tiffany & Co. makes up approx 0.01% of Proshare Advisors’s portfolio.Keybank National Associationoh reduced its stake in TIF by selling 834 shares or 5.96% in the most recent quarter. The Hedge Fund company now holds 13,161 shares of TIF which is valued at $1,024,715. Tiffany & Co. makes up approx 0.01% of Keybank National Associationoh’s portfolio.First Eagle Investment Management boosted its stake in TIF in the latest quarter, The investment management firm added 29,593 additional shares and now holds a total of 3,905,747 shares of Tiffany & Co. which is valued at $297,188,289. Tiffany & Co. makes up approx 0.77% of First Eagle Investment Management’s portfolio.
Tiffany & Co. closed down -0.76 points or -0.99% at $76.35 with 11,95,458 shares getting traded on Monday. Post opening the session at $76.76, the shares hit an intraday low of $75.72 and an intraday high of $77.37 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Nov 17, 2016, Tiffany & Co. announced a cash dividend of $0.4500. The company’s management has announced Dec 16, 2016 as the ex-dividend date and fixed the record date on Dec 20, 2016. The payable date has been fixed on Jan 10, 2017.
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.