Tiffany & Co. Target of Unusually High Options Trading (TIF)

Tiffany & Co. (NYSE:TIF) saw unusually large options trading on Wednesday. Traders purchased 7,588 put options on the stock. This represents an increase of 640% compared to the typical volume of 1,026 put options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIF. Beach Investment Management LLC. bought a new stake in Tiffany & Co. in the 2nd quarter valued at approximately $795,000. Schwab Charles Investment Management Inc. lifted its stake in Tiffany & Co. by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 364,115 shares of the specialty retailer’s stock valued at $34,180,000 after acquiring an additional 8,017 shares in the last quarter. Prudential Financial Inc. lifted its stake in Tiffany & Co. by 0.4% in the 2nd quarter. Prudential Financial Inc. now owns 150,254 shares of the specialty retailer’s stock valued at $14,104,000 after acquiring an additional 570 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Tiffany & Co. by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 174 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Tiffany & Co. by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 168,511 shares of the specialty retailer’s stock valued at $15,818,000 after acquiring an additional 6,095 shares in the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Tiffany & Co. (TIF) opened at $106.57 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. Tiffany & Co. has a 12-month low of $76.08 and a 12-month high of $108.19. The stock has a market capitalization of $13,240.00, a P/E ratio of 28.57, a P/E/G ratio of 2.48 and a beta of 1.93.

Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The business had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. Tiffany & Co. had a return on equity of 15.77% and a net margin of 11.46%. Tiffany & Co.’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. research analysts anticipate that Tiffany & Co. will post 3.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, December 19th. Tiffany & Co.’s payout ratio is 53.62%.

Several research firms have recently issued reports on TIF. JPMorgan Chase & Co. began coverage on Tiffany & Co. in a research report on Monday, December 18th. They set a “neutral” rating and a $103.00 target price for the company. Citigroup upgraded Tiffany & Co. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $115.00 in a research report on Thursday, December 14th. KeyCorp upgraded Tiffany & Co. from a “sector weight” rating to an “overweight” rating and boosted their target price for the stock from $94.50 to $115.00 in a research report on Friday, December 1st. Royal Bank of Canada set a $94.00 target price on Tiffany & Co. and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Tiffany & Co. currently has a consensus rating of “Buy” and a consensus target price of $100.53.

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Tiffany & Co. Company Profile

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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