NEW YORK ( TheStreet) - Tiffany ( TIF) and Amazon ( AMZN) were among the best-performing stocks in the S&P 500 on Tuesday. The S&P 500 fell 4.23 points, or 0.3%, to close at 1,405.52.
Shares of Tiffany rose 6.68% to $73.27 on about eight times the stock's average daily trading volume of 1.9 million shares. 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 a profit 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 shares trade at an estimated price-to-earnings ratio for next year of 16.18X; the average for specialty retailers is 16.1X. Thirteen of the 23 analysts who cover Tiffany rate it at hold; 10 analysts give 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 10.58% year to date.