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

Tiffany & Co. (NYSE:TIF) was the target of some unusual options trading on Monday. Traders purchased 14,046 call options on the stock. This represents an increase of approximately 2,326% compared to the average volume of 579 call options.

In related news, SVP Andrew W. Hart sold 7,428 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $87.39, for a total value of $649,132.92. Following the transaction, the senior vice president now owns 19,024 shares in the company, valued at $1,662,507.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philippe Galtie sold 1,263 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $88.23, for a total value of $111,434.49. Following the completion of the transaction, the insider now owns 6,010 shares in the company, valued at approximately $530,262.30. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mission Wealth Management LP raised its position in shares of Tiffany & Co. by 5.2% during the fourth quarter. Mission Wealth Management LP now owns 2,832 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 141 shares during the period. Comerica Bank raised its position in shares of Tiffany & Co. by 0.7% during the fourth quarter. Comerica Bank now owns 21,117 shares of the specialty retailer’s stock worth $1,850,000 after purchasing an additional 149 shares during the period. MCF Advisors LLC raised its position in shares of Tiffany & Co. by 15.5% during the fourth quarter. MCF Advisors LLC now owns 1,118 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 150 shares during the period. LVW Advisors LLC raised its position in shares of Tiffany & Co. by 4.9% during the fourth quarter. LVW Advisors LLC now owns 3,210 shares of the specialty retailer’s stock worth $258,000 after purchasing an additional 150 shares during the period. Finally, ETF Managers Group LLC raised its position in shares of Tiffany & Co. by 15.6% during the fourth quarter. ETF Managers Group LLC now owns 1,331 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 180 shares during the period. 85.09% of the stock is currently owned by institutional investors.

NYSE TIF opened at $97.02 on Wednesday. The stock has a market cap of $11.87 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.55. The company has a current ratio of 5.86, a quick ratio of 1.84 and a debt-to-equity ratio of 0.29. Tiffany & Co. has a one year low of $73.04 and a one year high of $141.64.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, March 19th. Tiffany & Co.’s dividend payout ratio is currently 53.27%.

Several research firms have weighed in on TIF. Oppenheimer cut their target price on Tiffany & Co. from $152.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, February 8th. Atlantic Securities raised Tiffany & Co. from a “neutral” rating to an “overweight” rating and set a $112.00 target price on the stock in a research note on Thursday, January 31st. They noted that the move was a valuation call. Zacks Investment Research lowered Tiffany & Co. from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. Guggenheim reissued a “buy” rating on shares of Tiffany & Co. in a research note on Friday, January 25th. Finally, Nomura cut their target price on Tiffany & Co. to $108.00 and set a “buy” rating on the stock in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $117.14.

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Tiffany & Co. Company Profile

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

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