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Investors Purchase High Volume of Call Options on tiffany & co shop & Co. (TIF)

admin / December 17, 2017

Investors Purchase High Volume of Call Options on tiffany & co shop & Co. (TIF)-1tiffany & co shop & Co. (NYSE:TIF) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 10,212 call options on the company. This represents an increase of 1,235% compared to the average daily volume of 765 call options.

In related news, Director Robert S. Singer bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was purchased at an average cost of $88.13 per share, for a total transaction of $88,130.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francesco Trapani bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average price of $89.34 per share, with a total value of $2,233,500.00. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its position in tiffany & co shop & Co. by 13.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 499,306 shares of the specialty retailer’s stock worth $45,826,000 after buying an additional 58,219 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in tiffany & co shop & Co. during the 3rd quarter worth about $274,000. Public Employees Retirement System of Ohio lifted its position in tiffany & co shop & Co. by 9.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,319 shares of the specialty retailer’s stock worth $6,821,000 after buying an additional 6,618 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in tiffany & co shop & Co. during the 3rd quarter worth about $335,000. Finally, Guardian Capital LP lifted its position in tiffany & co shop & Co. by 6.4% during the 3rd quarter. Guardian Capital LP now owns 71,951 shares of the specialty retailer’s stock worth $6,604,000 after buying an additional 4,322 shares in the last quarter. 81.19% of the stock is currently owned by institutional investors and hedge funds.

tiffany & co shop & Co. (NYSE TIF) traded up $2.00 on Friday, hitting $101.34. 2,506,155 shares of the stock traded hands, compared to its average volume of 1,651,738. The company has a current ratio of 5.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. tiffany & co shop & Co. has a fifty-two week low of $76.08 and a fifty-two week high of $101.88. The company has a market cap of $12,345.72, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.31 and a beta of 1.93.

tiffany & co shop & Co. (NYSE:TIF) last posted its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. tiffany & co shop & Co. had a net margin of 11.46% and a return on equity of 15.77%. The business had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that tiffany & co shop & Co. will post 3.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, December 19th. tiffany & co shop & Co.’s payout ratio is 53.76%.

TIF has been the subject of several research analyst reports. Cowen set a $102.00 target price on shares of tiffany & co shop & Co. and gave the company a “buy” rating in a research note on Wednesday, October 18th. raised shares of tiffany & co shop & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $110.00 in a report on Monday, October 2nd. Oppenheimer reissued a “buy” rating on shares of tiffany & co shop & Co. in a report on Friday, October 13th. Zacks Investment Research raised shares of tiffany & co shop & Co. from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Monday, November 27th. Finally, Citigroup raised shares of tiffany & co shop & Co. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $92.00 to $115.00 in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. tiffany & co shop & Co. currently has a consensus rating of “Buy” and a consensus target price of $100.38.

About tiffany & co shop & Co.

tiffany & co shop & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, tiffany & co shop 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 shop & CO.

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