5 Best Services Stocks For 2015: Tiffany & Co.(TIF)
Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. Its jewelry products include fine and solitaire jewelry; diamond engagement rings and wedding bands for brides and grooms; and non-gemstone, sterling silver, gold, and platinum jewelry. The company also provides timepieces, sterling silver goods, china, crystal, stationery, fragrances, personal accessories, and leather goods. Tiffany & Co. sells its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution primarily in the Americas, the Asia-Pacific, and Europe. The company also sells its products through its stores, as well as through department store boutiques in Japan. As of January 31, 2011, it operated 233 TIFFANY & CO. stores and boutiques worldwide. The company was founded in 1837 and is headquartered in New York, New York.
Advisors' Opinion:- [By Ben Levisohn]
Just as someone looking to buy an engagement ring can’t go wrong with Tiffany (TIF), the luxury-retailers stock has been a must-have item for investors. The latter could be about to change, however, not the folks at Credit Suisse. Analyst Christian Buss and team explain:
BloombergGiven increasing concerns of slowing demand trends out of [Asia Pacific], we believe that opportunities for earnings upside [at Tiffany] are more limited in 2H and 2015. With multiples now above the historical median of 20x forward P/E, we believe share-price appreciation from here will prove more limited as a result.
…we are downgrading Tiffany to Neutral and maintaining our Target Price of $112.
But even as Buss downgraded Tiffany, he had kinder words for L Brands (LB), which was upgraded to Outperform from Neutral:
[We] are upgrading LB to Outperform given potential for! margin-led earnings upside over the next 6-9 months. We also raise our Target Price to $73 from $ 65…
We are adjusting our FY14 comp, revenue and EPS estimates to 2.8%, $11,306M and $3.26 from 2.9%, $11,367M, and $3.26. Our FY15 comp, revenue and EPS estimates go to 3.9%, $12,120M and $3.71 from 3.7%, $12,411M and $3.71.
Shares of Tiffany have dropped 0.6% to $100.96, while L Brands has gained 1% to $64.32.
- [By MONEYMORNING.COM]
Retail Stocks to Watch No. 5: Apple Inc. (Nasdaq: AAPL)
One-year retail sales growth: 11%
Total 2013 U.S. sales: $26.6 billion
The rocky ride for Apple stock last year had little connection to its steady U.S. retail sales, which rose 11% last year. Apple's retail stores have proven astonishingly successful, and sell more per square foot - $4,551 - than any other retailer. (Tiffany & Co. (NYSE: TIF) is third at $3,043 per square foot.) Apple's iPhone 6, due to be unveiled Sept. 9, will probably push the tech giant's retail sales growth even higher in 2014. AAPL closed at $103.30.
source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-services-stocks-for-2015.html
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