Tiffany & Co. (TIF) Shares Sold by Bourgeon Capital Management LLC
Bourgeon Capital Management LLC lowered its position in Tiffany & Co. (NYSE:TIF) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,735 shares of the specialty retailer’s stock after selling 56 shares during the period. Bourgeon Capital Management LLC’s holdings in Tiffany & Co. were worth $257,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Delphi Private Advisors LLC increased its position in Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp increased its position in Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after buying an additional 62 shares in the last quarter. IFP Advisors Inc increased its position in Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after buying an additional 496 shares in the last quarter. Macquarie Group Ltd. increased its position in Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock worth $132,000 after buying an additional 1,300 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Tiffany & Co. during the first quarter worth approximately $133,000. 81.06% of the stock is currently owned by institutional investors.
Shares of Tiffany & Co. (NYSE TIF) opened at 90.29 on Friday. The company has a 50-day moving average price of $92.96 and a 200 day moving average price of $90.48. Tiffany & Co. has a 52-week low of $66.35 and a 52-week high of $97.29. The firm has a market capitalization of $11.25 billion, a PE ratio of 25.07 and a beta of 1.92.
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. Tiffany & Co. had a net margin of 11.26% and a return on equity of 15.91%. The company had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. During the same period in the prior year, the business posted $0.64 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $3.96 EPS for the current fiscal year.
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A number of research analysts have commented on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $104.00 target price on shares of Tiffany & Co. in a report on Thursday, June 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $88.00 target price (down previously from $93.00) on shares of Tiffany & Co. in a report on Thursday, May 25th. BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $92.36.
About Tiffany & Co.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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