Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Tiffany (NYSE: TIF) hit a new 52-week high Tuesday as it is currently trading at $71.29, above its previous 52-week high of $71.08 with 261,065 shares traded as of 10:06 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Tiffany has a market cap of $8.82 billion and is part of the services sector and specialty retail industry. Shares are up 22.5% year to date as of the close of trading on Monday. Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. The company has a P/E ratio of 21.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tiffany as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Tiffany Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.