Tiffany & Co: Part of the historical landscape of America

Posted Jun 11th 2007 2:39PM by Larry Schutts
Filed under: Earnings Reports, Analyst Upgrades and Downgrades, Tiffany and Co (TIF), Technical Analysis

Do you know which jewelry retailer created the Vince Lombardi Super Bowl Trophy in 1967? No? It's the same outfit that revised the Great Seal of the United States of America in 1885. Still no? What if I mention little blue boxes? Now, you're there.

Tiffany & Co. (NYSE: TIF) is engaged in the design, manufacture, and retailing of fine jewelry, timepieces, sterling silverware, china, crystal, stationery, fragrances and personal accessories. The firm sells its goods exclusively through some 150 stores worldwide, a Web site and catalogs.

The company pleased investors late last month, when it reported Q1 EPS of 36 cents and revenues of $620.9 million. Analysts had been expecting 35 cents and $608.4 million. Management also guided FY08 EPS to $2.10-2.15, versus consensus of $2.11. JMP Securities and Pali Research subsequently reiterated "buy" recommendations on the stock and boosted their price targets to $58.

The news kept TIF shares cycling through a positive fifteen-week trading channel. The price is currently consolidating at the base of that channel, where oversold Momentum, MACD, Stochastic and CCI technical parameters suggest the potential for a rise back toward the top. Correspondence of the stock's 50-day moving average curve to the base of the channel backs the rebound notion

Altogether, brokers recommend the issue with four "strong buys", three "buys", nine "holds" and one "sell". The TIF Price to Sales ratio (2.49), Price to Book ratio (3.63), Operating Margin (15.48%), Net Profit Margin (9.54%) and Return on Assets (9.22%) compare favorably with industry and sector averages.

About 95% of the outstanding shares are held by institutional investors. The stock is one of those used to calculate the S&P 500 Index. Over the past fifty-two weeks, it has traded between $29.63 and $54.75. A stop-loss of $43.45 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Tags: fundamental analysis, FundamentalAnalysis, momentum, technical analysis, TechnicalAnalysis, TIF, Tiffany, trading channel, TradingChannel

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Reader Comments (Page 1 of 1)

8-06-2007 @ 2:41AM

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