What’s Next for Tiffany & Co. After Today’s Bearish Options Activity?

 What's Next for Tiffany & Co. After Today's Bearish Options Activity?

In today’s session Tiffany & Co. (TIF) recorded an unusually high (490) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious TIF decrease. With 490 contracts traded and 394 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: TIF161216P00065000 closed last at: $0.24 or 17.2% down. The stock increased 2.99% or $2.3 on November 23, hitting $79.18. About 3.18 million shares traded hands or 144.62% up from the average. Tiffany & Co. (NYSE:TIF) has risen 8.42% since April 22, 2016 and is uptrending. It has outperformed by 3.01% the S&P500.

Analysts await Tiffany & Co. (NYSE:TIF) to report earnings on November, 29 before the open. They expect $0.67 EPS, down 4.29% or $0.03 from last year’s $0.7 per share. TIF’s profit will be $83.77 million for 29.54 P/E if the $0.67 EPS becomes a reality. After $0.84 actual EPS reported by Tiffany & Co. for the previous quarter, Wall Street now forecasts -20.24% negative EPS growth.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Out of 18 analysts covering Tiffany & Co. (NYSE:TIF), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. Tiffany & Co. has been the topic of 38 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Mizuho on Tuesday, January 19. On Monday, December 21 the stock rating was upgraded by Jefferies to “Buy”. The firm earned “Buy” rating on Friday, August 28 by Cowen & Co. Goldman Sachs maintained Tiffany & Co. (NYSE:TIF) rating on Thursday, May 26. Goldman Sachs has “Neutral” rating and $69 price target. Cowen & Co maintained the shares of TIF in a report on Wednesday, May 18 with “Market Perform” rating. Telsey Advisory Group maintained it with “Outperform” rating and $80 target price in Wednesday, January 20 report. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 26 report. The company was maintained on Thursday, January 21 by Bernstein. Oppenheimer maintained the stock with “Outperform” rating in Friday, July 31 report. Topeka Capital Markets maintained Tiffany & Co. (NYSE:TIF) rating on Thursday, August 27. Topeka Capital Markets has “Buy” rating and $107.0 price target.

According to Zacks Investment Research, “Tiffany & Co. designs, manufactures, and retails fine jewelry as well as other branded merchandise. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. It operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through Internet, catalog and business gift operations. Tiffany & Co. is headquartered in New York.”

Tiffany & Co. is a holding company that operates through its subsidiary companies. The company has a market cap of $9.90 billion. The Company’s principal subsidiary, Tiffany and Company , is a jeweler and specialty retailer. It has a 22.53 P/E ratio. Through its subsidiaries, the Company creates and makes products and operates TIFFANY & CO. retail stores.

TIF Company Profile

Tiffany & Co., incorporated on August 16, 1984, is a holding firm that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company creates and makes products and operates TIFFANY & CO. retail stores around the world, and also sells its products through Internet, catalog, business-to-business and wholesale operations. The Company’s divisions include Americas, Asia-Pacific, Japan, Europe and Other. The Company’s principal merchandise offering is jewelry; it also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment