Traders Purchase High Volume of Tiffany & Co. Call Options (TIF)

Tiffany & Co. (NYSE:TIF) was the recipient of some unusual options trading on Tuesday. Stock investors bought 10,212 call options on the stock. This represents an increase of approximately 1,235% compared to the average daily volume of 765 call options.

In other news, insider Pamela H. Cloud sold 37,000 shares of Tiffany & Co. stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $93.52, for a total transaction of $3,460,240.00. Following the sale, the insider now owns 47,261 shares of the company’s stock, valued at approximately $4,419,848.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert S. Singer purchased 1,000 shares of Tiffany & Co. stock in a transaction dated Monday, September 25th. The shares were purchased at an average cost of $88.13 per share, for a total transaction of $88,130.00. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Tiffany & Co. by 2.6% in the 2nd 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 during the period. First Eagle Investment Management LLC increased its stake in Tiffany & Co. by 2.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,140,990 shares of the specialty retailer’s stock worth $388,715,000 after buying an additional 109,926 shares during the period. Investec Asset Management LTD increased its stake in Tiffany & Co. by 9.1% during the 3rd quarter. Investec Asset Management LTD now owns 2,290,293 shares of the specialty retailer’s stock worth $210,203,000 after buying an additional 191,783 shares during the period. Victory Capital Management Inc. grew its holdings in Tiffany & Co. by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,247,321 shares of the specialty retailer’s stock worth $206,259,000 after acquiring an additional 411,487 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Tiffany & Co. by 22.9% during the 3rd quarter. Janus Henderson Group PLC now owns 1,490,254 shares of the specialty retailer’s stock worth $136,776,000 after acquiring an additional 277,753 shares in the last quarter. 81.03% of the stock is currently owned by institutional investors and hedge funds.

Tiffany & Co. (NYSE:TIF) opened at $94.50 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.29 and a current ratio of 5.75. The firm has a market cap of $11,709.13, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 2.20 and a beta of 1.96. Tiffany & Co. has a one year low of $76.08 and a one year high of $97.29.

Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The company had revenue of $976.20 million for the quarter, compared to the consensus estimate of $957.18 million. During the same quarter last year, the firm posted $0.76 earnings per share. Tiffany & Co.’s revenue was up 2.8% on a year-over-year basis. equities analysts expect that Tiffany & Co. will post 3.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 54.35%.

A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Tiffany & Co. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Tiffany & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, August 14th. Jefferies Group set a $110.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Wednesday, August 16th. Oppenheimer set a $105.00 target price on shares of Tiffany & Co. and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tiffany & Co. in a report on Friday, August 25th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $97.60.

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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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