The largest Insider Buys this week were for Churchill Downs Inc. (CHDN, Financial), Tiffany & Co. (TIF, Financial), Worthington Industries Inc. (WOR, Financial), and Knowles Corp. (KN, Financial).
Churchill Downs Inc. (CHDN, Financial): Director Richard L. Duchossois bought 4,130 Shares
Director Richard L. Duchossois bought 2,080 shares of CHDN stock on April 3 at the average price of $240.65. The price of the stock has decreased by 0.77% since.
Churchill Downs Inc. is an American entertainment and racing company. The company has racetracks and casinos across multiple states and is the United States’ leading online wagering company. Churchill Downs Inc. is also part of the S&P 400 component. The company has a market capitalization of $3.22 billion, and as of April 6 it traded at $238.80.
On Feb. 28 Churchill Downs Inc. reported financial results for the quarter and full year ended Dec. 31, 2017. Net revenue was $178.9 million for the quarter, an 11% increase compared to the same period prior year. Net income for the quarter was $38.2 million, a 43% increase compared to the same period prior year. For the full year, net revenue increased 7% compared to last year to $882.6 million.
Tiffany & Co (TIF, Financial): Director Francesco Trapani bought 45,000 Shares
Director Francesco Trapani bought 35,000 shares of TIF stock on April 3 at the average price of $94.66. The price of the stock has increased by 0.97% since.
Tiffany & Co. is an American luxury and jewelry and specialty retailer that focuses on selling jewelry, sterling silver, china, crystal, stationary, fragrances, water bottles, watches, leather goods, and various other personal accessories. The company is particularly known for its diamond and sterling silver jewelry. The company has a market capitalization of $11.89 billion, and as of April 6 it traded at $95.58.
On March 16 Tiffany & Co. reported financial results for the full year of 2017 and the fourth quarter ended Jan. 31, 2018. Worldwide net sales increased 4% to $4.2 billion for the full year of 2017 compared to the prior year while comparable store sales were the same compared to prior year. Net earnings were $370 million for the full year, or $2.96 per diluted share, a 17% decreased compared to prior year’s $446 million, or $3.55 per diluted share. Net sales for the quarter rose 9% to $1.3 billion while comparable store sales rose 3%.
Worthington Industries Inc. (WOR, Financial): Director Michael J. Endres bought 3,000 Shares
Director Michael J. Endres bought 3,000 shares of WOR stock on April 4 at the average price of $39.78. The price of the stock has increased by 2.54% since.
Worthington Industries Inc. is an American international metals fabrication company that chiefly processes steel and manufacturers pressure cylinders for products such as propane and helium. The company also focuses on manufacturing open and enclosed cabs and operator stations for heavy mobile equipment. The company has a market capitalization of $2.44 billion, and as of April 6 it traded at $40.79.
On March 29 Worthington Industries Inc. reported third quarter fiscal 2018 results ended Feb. 28, 2018. Net sales for the quarter were $841.7 million and net earnings were $79.1 million, or $1.27 per diluted share. For the third quarter of 2017 the company reported net sales of $703.4 million and net earnings of $35.9 million.
Knowles Corp. (KN, Financial): President, Intelligent Audio Michael S. Polacek bought 1,178 Shares
President, Intelligent Audio Michael S. Polacek bought 1,178 shares of KN stock on April 2 at the average price of $12.36. The price of the stock has decreased by 2.59% since.
Knowles Corp. is an American international supplier and manufacturer of sound equipment including micro-acoustic, audio processing, and precision device solutions. The company serves the mobile consumer electronics, communications, medical, military, aerospace, and industrial markets. The company has a market capitalization of $1.08 billion, and as of April 6 it traded at $12.04.
On Feb. 21 Knowles Corp. announced the appointment of Ye Jane Li to the Board of Directors effective immediately. This appointment will expand the board to 10 directors, 9 of whom are independent. Ms. Li is a strategic advisor to Diversis Capital, a private equity firm that invests in middle market companies. She is also a director of Semtech Corporation since 2016.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
