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tiffany & co shop & Co. Sees Unusually High Options Volume (TIF)

admin / December 17, 2017

tiffany & co shop & Co. Sees Unusually High Options Volume (TIF)-1tiffany & co shop & Co. (NYSE:TIF) saw some unusual options trading activity on Tuesday. Stock investors purchased 12,645 put options on the company. This is an increase of approximately 1,639% compared to the typical volume of 727 put options.

Several research analysts recently commented on the stock. Citigroup upgraded shares of tiffany & co shop & Co. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $92.00 to $115.00 in a report on Thursday. Royal Bank of Canada set a $94.00 target price on shares of tiffany & co shop & Co. and gave the stock a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded shares of tiffany & co shop & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. upgraded shares of tiffany & co shop & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $90.00 to $110.00 in a research report on Monday, October 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of tiffany & co shop & Co. in a research report on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. tiffany & co shop & Co. presently has a consensus rating of “Buy” and an average price target of $100.38.

tiffany & co shop & Co. (NYSE:TIF) traded up $2.00 during trading hours on Friday, reaching $101.34. 2,506,155 shares of the company’s stock were exchanged, compared to its average volume of 1,651,738. The firm has a market capitalization of $12,345.72, a price-to-earnings ratio of 25.41, a PEG ratio of 2.31 and a beta of 1.93. tiffany & co shop & Co. has a 52-week low of $76.08 and a 52-week high of $101.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44.

tiffany & co shop & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts expect that tiffany & co shop & Co. will post 3.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, December 19th. tiffany & co shop & Co.’s dividend payout ratio (DPR) is 53.76%.

In other tiffany & co shop & Co. news, Director Robert S. Singer purchased 1,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were acquired at an average price of $88.13 per share, for a total transaction of $88,130.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Francesco Trapani purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were acquired at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TIF. Janus Henderson Group PLC grew its position in tiffany & co shop & Co. by 9,785.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,212,501 shares of the specialty retailer’s stock valued at $113,818,000 after purchasing an additional 1,200,235 shares during the period. Cramer Rosenthal Mcglynn LLC increased its holdings in shares of tiffany & co shop & Co. by 300.5% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,321,842 shares of the specialty retailer’s stock valued at $121,319,000 after acquiring an additional 991,802 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of tiffany & co shop & Co. by 22.4% during the third quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock valued at $206,259,000 after acquiring an additional 411,487 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of tiffany & co shop & Co. by 189.4% during the third quarter. APG Asset Management N.V. now owns 557,730 shares of the specialty retailer’s stock valued at $51,188,000 after acquiring an additional 365,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of tiffany & co shop & Co. by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,229,111 shares of the specialty retailer’s stock valued at $1,147,947,000 after acquiring an additional 310,235 shares in the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.

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tiffany & co shop & Co. Company Profile

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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