(NYSE:TIF) Stake Cut by Horan Capital Management

Paterniano Del Favero
Agosto 13, 2017

Bridges Investment Management Inc. held its stake in shares of Tiffany & Co. (NYSE:TIF) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer's stock valued at $132,000 after buying an additional 1,300 shares in the last quarter. Bourgeon Capital Management LLC's holdings in Tiffany & Co. were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in Tiffany & Co.by 0.3% in the first quarter. First Eagle Investment Management LLC boosted its position in Tiffany & Co.by 3.1% in the first quarter. FMR LLC now owns 2,463,909 shares of the specialty retailer's stock valued at $234,810,000 after buying an additional 17,572 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Tiffany & Co. during the fourth quarter worth $601,000. West Oak Capital LLC now owns 16,555 shares of the specialty retailer's stock valued at $1,578,000 after buying an additional 1,625 shares in the last quarter. Creative Planning raised its position in shares of Tiffany & Co.by 1.7% in the first quarter. Hedge funds and other institutional investors own 81.06% of the company's stock.

Tiffany & Co. has a 52-week low of $66.35 and a 52-week high of $97.29. (NYSE TIF) traded up 1.06% during mid-day trading on Tuesday, hitting $90.29.

In the market the company is trading down by -1.40 percent from yesterday's close. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 25.07 and a beta of 1.92. The firm has a 50-day moving average of $92.96 and a 200 day moving average of $90.48.

Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, May 24th. As of the last earnings report the EPS was $3.60 and is estimated to be $3.96 for the current year with 124,648,000 shares now outstanding. Tiffany & Co. The firm had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The business's revenue for the quarter was up.9% compared to the same quarter a year ago. Equities analysts predict that Tiffany & Co. will post $3.96 EPS for the current fiscal year.

Needham & Company LLC assumed coverage on shares of Tiffany & Co.in a report on Tuesday, July 18th. (NYSE:TIF) by 0.2% during the second quarter, Holdings Channel reports. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of U.S. and worldwide trademark and copyright laws.

A number of equities research analysts have commented on TIF shares. (The) raised Tiffany & Co. from a "neutral" rating to a "buy" rating and raised their target price for the stock from $82.00 to $107.00 in a research note on Friday, May 12th. Zacks Investment Research lowered Tiffany & Co. from a "hold" rating to a "sell" rating in a research note on Tuesday, July 11th. Credit Suisse Group restated a buy rating on shares of Tiffany & Co.in a research note on Friday, April 14th. Finally, Bank of America Corporation restated a "buy" rating and set a $110.00 price target on shares of Tiffany & Co.in a report on Wednesday, June 28th. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company now has a consensus rating of "Buy" and a consensus price target of $92.36.

Tiffany & Co. declared a dividend which was paid on Monday July 10th, 2017. The Company's principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company's divisions include Americas, Asia-Pacific, Japan, Europe and Other.

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