| 22:37 EDT |  | TIF, NILE, NILE, ZLC, ZLC, SIG, SIG |
| theflyonthewall.com: | More upside is likely in store for Tiffany & Co. shares, Barron's says | | Shares of Tiffany & Co. (TIF) have rallied more than 75% year-to-date, yet the company has a history of resilience. Earnings for Q3 were well ahead of expectations, and full-year guidance was raised, causing the shares to hit a new 52-week high on Friday. Purveyors of luxury goods like Tiffany have felt some of the impact of the recession. Yet, there are signs of relief on the horizon. Tiffany faces easy comparisons for Q4, and the company has less competition. Even in the worst of the recession, the stock continued to beat the market, falling less than 13% in the past two years while the broader market tumbled more than 22%. Trading at 20 times next year's expected earnings per share, Tiffany is not a bargain says Barron's, but it doesn't look overly inflated either, and the stock comes with a 1.6% yield, while rivals like Blue Nile (NILE), Zale (ZLC) and Signet Jewelers (SIG) have no dividend. Reference Link :theflyonthewall.com |
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