Tiffany (TIF): S&P Intraday Gainer

NEW YORK ( TheStreet) -- Jewelry retailer Tiffany ( TIF) was the best-performing stock in the S&P 500 Tuesday morning.

The S&P 500 fell 7.23 points, or 0.51%, to 1,402.52.

Shares of Tiffany rose 6.51% to $73.15. The company reported fourth-quarter earnings of $178.4 million, or $1.39 a share, down from earlier earnings of $181.2 million, or $1.41 a share. Analysts, on average, anticipated earnings of $1.42 a share.

Tiffany's 2012 outlook includes a projected 10% increase in global sales led by the Asia/Pacific region and the Americas and between a 16% and 19% increase in earnings per share to a range of between $3.95 and $4.05.

Tiffany has an estimated price-to-earnings ratio for next year of 16.38 times; the average for specialty retailers is 15.93.

Thirteen of the 23 analysts who cover Tiffany rated it hold; 10 analysts gave the stock a buy rating.

TheStreet Ratings gives Tiffany a B grade with a buy rating and a $79.64 price target. The stock has risen 10.32% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.

If you liked this article you might like

Jackson Hole and a Solar Eclipse -- Week in Review

Deciphering the Retail Riddle; Markets Wait on Yellen -- ICYMI Thursday