Jana Partners LLC Holding in Tiffany & Co New (TIF) Boosted by $338.03 Million as Valuation Rose

June 13, 2018 - By Mona Holcomb

Tiffany & Co. (NYSE:TIF) Logo

Barry Rosenstein increased its stake in Tiffany & Co New (TIF) by 4734.79% based on its latest 2018Q1 regulatory filing with the SEC. Jana Partners Llc bought 3.48 million shares as the company’s stock rose 24.59% while stock markets declined. The hedge fund run by Barry Rosenstein held 3.56 million shares of the consumer specialties company at the end of 2018Q1, valued at $347.51M, up from 73,600 at the end of the previous reported quarter. Jana Partners Llc who had been investing in Tiffany & Co New for a number of months, seems to be bullish on the $17.03 billion market cap company. The stock increased 0.79% or $1.08 during the last trading session, reaching $137.05. About 716,785 shares traded. Tiffany & Co. (NYSE:TIF) has risen 50.56% since June 13, 2017 and is uptrending. It has outperformed by 37.99% the S&P500.

Jana Partners Llc, which manages about $11.37B and $3.36 billion US Long portfolio, decreased its stake in Ptc Inc (NASDAQ:PTC) by 816,117 shares to 601,790 shares, valued at $46.95M in 2018Q1, according to the filing.

More notable recent Tiffany & Co. (NYSE:TIF) news were published by: Seekingalpha.com which released: “Tiffany & Co: Overvalued Since 2018” on May 22, 2018, also 247Wallst.com with their article: “How Tiffany Blew Out Its Q1” published on May 23, 2018, Seekingalpha.com published: “Tiffany earnings preview” on May 22, 2018. More interesting news about Tiffany & Co. (NYSE:TIF) were released by: Seekingalpha.com and their article: “Tiffany: Still A Long-Term Buy” published on May 31, 2018 as well as Seekingalpha.com‘s news article titled: “Tiffany: Go Buy Yourself Something Nice” with publication date: May 25, 2018.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 14 analysts covering Tiffany & Co (NYSE:TIF), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Tiffany & Co had 23 analyst reports since December 14, 2017 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Thursday, May 24. The stock has “Buy” rating by Oppenheimer on Friday, May 18. Guggenheim maintained Tiffany & Co. (NYSE:TIF) rating on Wednesday, January 17. Guggenheim has “Buy” rating and $120.0 target. The firm has “Buy” rating by Loop Capital given on Thursday, April 5. The stock of Tiffany & Co. (NYSE:TIF) has “Hold” rating given on Monday, December 18 by J.P. Morgan. The stock of Tiffany & Co. (NYSE:TIF) earned “Hold” rating by Deutsche Bank on Thursday, May 24. The rating was maintained by Susquehanna on Wednesday, January 17 with “Hold”. The stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given on Wednesday, May 23 by Cowen & Co. The company was maintained on Friday, June 1 by Oppenheimer. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, May 24.

Tiffany & Co. (NYSE:TIF) Ratings Chart

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