Carl Domino Inc Cuts Position in Tiffany & Co. (TIF)

Carl Domino Inc reduced its position in shares of Tiffany & Co. (NYSE:TIF) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,870 shares of the specialty retailer’s stock after selling 2,070 shares during the period. Tiffany & Co. accounts for approximately 1.6% of Carl Domino Inc’s holdings, making the stock its 18th largest position. Carl Domino Inc’s holdings in Tiffany & Co. were worth $1,396,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning increased its stake in shares of Tiffany & Co. by 1.7% in the first quarter. Creative Planning now owns 15,194 shares of the specialty retailer’s stock valued at $1,448,000 after buying an additional 247 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Tiffany & Co. during the first quarter valued at approximately $306,000. West Oak Capital LLC increased its stake in shares of Tiffany & Co. by 10.9% in the first quarter. 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 during the period. Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Tiffany & Co. during the first quarter valued at approximately $834,000. Finally, Rathbone Brothers plc increased its stake in shares of Tiffany & Co. by 1.8% in the first quarter. Rathbone Brothers plc now owns 14,580 shares of the specialty retailer’s stock valued at $1,389,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.

Shares of Tiffany & Co. (NYSE:TIF) opened at 90.29 on Friday. The stock’s 50 day moving average price is $92.96 and its 200-day moving average price is $90.48. Tiffany & Co. has a 12-month low of $66.35 and a 12-month high of $97.29. The firm has a market cap of $11.25 billion, a P/E ratio of 25.07 and a beta of 1.92.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $899.60 million during the quarter, compared to the consensus estimate of $915.48 million. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.26%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. On average, analysts predict that Tiffany & Co. will post $3.96 earnings per share for the current fiscal year.

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Several brokerages have commented on TIF. Goldman Sachs Group, Inc. (The) restated 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 restated 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 restated a “sector perform” rating and set a $88.00 target price (down from $93.00) on shares of Tiffany & Co. in a report on Thursday, May 25th. BidaskClub upgraded shares of Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC restated a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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.

Institutional Ownership by Quarter for Tiffany & Co. (NYSE:TIF)

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