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.

A number of brokerages have recently weighed in on TIF. Royal Bank Of Canada set a $94.00 price objective on Tiffany & Co. and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research lowered Tiffany & Co. from a “buy” rating to a “hold” rating in a research report on Thursday. SBG Securities cut Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday. Cowen set a $102.00 price objective on Tiffany & Co. and gave the company a “buy” rating in a research note on Thursday. Finally, Oppenheimer reiterated a “buy” rating and set a $105.00 price objective on shares of Tiffany & Co. in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Tiffany & Co. has a consensus rating of “Hold” and an average target price of $97.60.

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%.

WARNING: “Investors Buy High Volume of Tiffany & Co. Put Options (TIF)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/01/investors-buy-high-volume-of-tiffany-co-put-options-tif.html.

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.

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.