Tiffany & Co. Target of Unusually Large Options Trading (TIF)
Shares of Tiffany & Co. (NYSE:TIF) saw some unusual options trading on Friday. Traders acquired 15,303 put options on the stock, Analyst RN reports. This is an increase of approximately 439% compared to the average volume of 2,839 put options.
A number of analysts have recently weighed in on TIF shares. Analysts at Zacks upgraded shares of Tiffany & Co. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $100.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Tiffany & Co. in a research note to investors on Monday, December 23rd. They now have a $90.62 price target on the stock, down previously from $100.00. Finally, analysts at Stephens initiated coverage on shares of Tiffany & Co. in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $86.48.
Shares of Tiffany & Co. (NYSE:TIF) traded down 1.79% during mid-day trading on Friday, hitting $90.36. The stock had a trading volume of 2,508,361 shares. Tiffany & Co. has a 1-year low of $59.53 and a 1-year high of $93.64. The stock’s 50-day moving average is $89.56 and its 200-day moving average is $81.07. The company has a market cap of $11.570 billion and a P/E ratio of 25.51.
Tiffany & Co. (NYSE:TIF) last released its earnings data on Tuesday, November 26th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.15. The company had revenue of $911.00 million for the quarter, compared to the consensus estimate of $889.51 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $3.78 earnings per share for the current fiscal year.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (NYSE:TIF), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.
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