Weik Investment Services Inc Lowers stake in Tiffany & Co. (TIF)

Tiffany & Co. (TIF) : Weik Investment Services Inc reduced its stake in Tiffany & Co. by 0.72% during the most recent quarter end. The investment management company now holds a total of 44,980 shares of Tiffany & Co. which is valued at $3,027,604 after selling 325 shares in Tiffany & Co. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Tiffany & Co. makes up approximately 1.73% of Weik Investment Services Inc’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in TIF by selling 7,530 shares or 9.33% in the most recent quarter. The Hedge Fund company now holds 73,160 shares of TIF which is valued at $4,924,400. Tiffany & Co. makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio.Acrospire Investment Management reduced its stake in TIF by selling 100 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 600 shares of TIF which is valued at $38,544. Tiffany & Co. makes up approx 0.03% of Acrospire Investment Management’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in TIF by selling 7,060 shares or 34.65% in the most recent quarter. The Hedge Fund company now holds 13,315 shares of TIF which is valued at $882,119. Tiffany & Co. makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Quantbot Technologies Lp sold out all of its stake in TIF during the most recent quarter. The investment firm sold 37,268 shares of TIF which is valued $2,289,001.Daiwa Securities Group boosted its stake in TIF in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 53,550 shares of Tiffany & Co. which is valued at $3,379,541. Tiffany & Co. makes up approx 0.02% of Daiwa Securities Group’s portfolio.

Tiffany & Co. opened for trading at $68.62 and hit $70.07 on the upside on Tuesday, eventually ending the session at $69.13, with a gain of 1.56% or 1.06 points. The heightened volatility saw the trading volume jump to 26,19,319 shares. Company has a market cap of $8,712 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.. 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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