Investors Buy High Volume of Tiffany & Co. Put Options (TIF)
Tiffany & Co. (NYSE:TIF) was the recipient of some unusual options trading on Tuesday. Investors bought 12,645 put options on the stock. This represents an increase of 1,639% compared to the typical daily volume of 727 put options.
In related news, insider Pamela H. Cloud sold 37,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the transaction, the insider now directly owns 47,261 shares in the company, valued at approximately $4,419,848.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert S. Singer purchased 1,000 shares of Tiffany & Co. stock in a transaction that occurred on Monday, September 25th. The shares were bought at an average price of $88.13 per share, for a total transaction of $88,130.00. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC lifted its position in Tiffany & Co. by 8.2% in the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 103 shares during the last quarter. Welch Group LLC lifted its stake in shares of Tiffany & Co. by 0.5% during the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 8 shares during the period. Wetherby Asset Management Inc. purchased a new position in shares of Tiffany & Co. during the second quarter valued at approximately $201,000. Commerce Bank purchased a new position in shares of Tiffany & Co. during the second quarter valued at approximately $209,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Tiffany & Co. by 8.3% during the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after buying an additional 174 shares during the period. 81.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tiffany & Co. (NYSE TIF) opened at $94.50 on Friday. The company has a current ratio of 5.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11,709.13, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.20 and a beta of 1.96. Tiffany & Co. has a twelve month low of $76.08 and a twelve month high of $97.29.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. Tiffany & Co. had a return on equity of 15.91% and a net margin of 11.41%. The firm had revenue of $976.20 million during the quarter, compared to analyst estimates of $957.18 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts forecast that Tiffany & Co. will post 3.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s payout ratio is presently 54.35%.
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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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