Stock Traders Buy Large Volume of Tiffany & Co. Call Options (TIF)
Shares of Tiffany & Co. (NYSE:TIF) saw some unusual options trading on Tuesday. Investors acquired 15,675 call options on the company, Analyst Ratings Net reports. This represents an increase of 740% compared to the typical volume of 1,865 call options.
A number of analysts have recently weighed in on TIF shares. Analysts at Sterne Agee raised their price target on shares of Tiffany & Co. to $108.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Tiffany & Co. in a research note on Wednesday, August 13th. They now have a $106.00 price target on the stock, up previously from $104.00. Finally, analysts at Barrington Research initiated coverage on shares of Tiffany & Co. in a research note on Monday, June 23rd. They set a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $98.18.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.54% during mid-day trading on Tuesday, hitting $100.77. The stock had a trading volume of 1,837,243 shares. Tiffany & Co. has a one year low of $73.63 and a one year high of $103.38. The stock has a 50-day moving average of $99.19 and a 200-day moving average of $93.97. The company has a market cap of $13.004 billion and a price-to-earnings ratio of 57.77.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Investors of record on Monday, September 22nd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, September 18th.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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