Tiffany & Co. (TIF) : West Oak Capital reduced its stake in Tiffany & Co. by 0.6% during the most recent quarter end. The investment management company now holds a total of 14,930 shares of Tiffany & Co. which is valued at $1,086,904 after selling 90 shares in Tiffany & Co. , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Tiffany & Co. makes up approximately 0.75% of West Oak Capital’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank reduced its stake in TIF by selling 20 shares or 64.52% in the most recent quarter. The Hedge Fund company now holds 11 shares of TIF which is valued at $801.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. closed down -0.62 points or -0.86% at $71.09 with 10,26,070 shares getting traded on Tuesday. Post opening the session at $71.94, the shares hit an intraday low of $70.855 and an intraday high of $71.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
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.