Online Tiffany Stores Contribute a Lot
Tiffany silver jewelry is as popular as we know. Thanks to the internet, buying tiffany jewelry has never been much easier. Tiffany silver jewelry comes in a huge variety oTiffany Metropolis Cuff linksf styles and huge variety of prices in the online tiffany stores. With more and more online tiffany stores, the shares of tiffany jewelry are rising.
Citigroup initiated coverage of jeweler Tiffany & Co with a "buy" rating and a $50 price target, citing an expected return to sustained positive same-store sales in the fourth quarter.
Falling costs of diamonds, platinum and silver should help gross margins in the fourth quarter and drive a 100 to 200 basis points expansion over the next 12 months, CitigrSquare cuff linksoup analyst Kimberly Greenberger wrote in a research note.
Affordably priced jeweler Zale Corp has been closing stores and liquidating some inventory in its bid to combat the economic slump, while others like Finlay Enterprises have filed for bankruptcy protection.
Greenberger also sees a comTiffany 1837 Cuff linkspelling growth opportunity for the high-end jeweler, compared with its peers, for expansion in the Americas, Europe and Asia, excluding Japan.
Shares of Tiffany closed at $38.51 Monday on the New York Stock Exchange.