Tiffany & Co. (TIF) : Speece Thorson Capital Group Inc scooped up 107,156 additional shares in Tiffany & Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 203,830 shares of Tiffany & Co. which is valued at $12,863,711.Tiffany & Co. makes up approximately 2.76% of Speece Thorson Capital Group Inc’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in TIF by selling 1,171 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 283,394 shares of TIF which is valued at $17,884,995. Tiffany & Co. makes up approx 0.10% of Retirement Systems Of Alabama’s portfolio.Shinko Asset Management Ltd. boosted its stake in TIF in the latest quarter, The investment management firm added 486 additional shares and now holds a total of 4,433 shares of Tiffany & Co. which is valued at $274,846.Bright Rock Capital Management boosted its stake in TIF in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 65,165 shares of Tiffany & Co. which is valued at $4,040,230. Tiffany & Co. makes up approx 1.28% of Bright Rock Capital Management’s portfolio. Quantres Asset Management Ltd added TIF to its portfolio by purchasing 27,500 company shares during the most recent quarter which is valued at $1,705,000. Tiffany & Co. makes up approx 1.01% of Quantres Asset Management Ltd’s portfolio.
Tiffany & Co. opened for trading at $63.22 and hit $64.59 on the upside on Friday, eventually ending the session at $64.52, with a gain of 1.85% or 1.17 points. The heightened volatility saw the trading volume jump to 20,13,417 shares. Company has a market cap of $8,131 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.