CFRA's Lindsey Bell Is Keeping An Eye On Tiffany
“They reported a weak Q1, they cut guidance and it is trading at 18.2 times on a forward basis,” said Bell.
Bell sees sales improving in the second half and a bright spot in its first-quarter earnings report was domestic sales. She also said Tiffany’s flat margin guidance is very conservative.
“I think this [Tiffany’s] is something investors should consider moving forward,” said Bell.
Tiffany's stock closed Monday at $91.43 per hsare. The stock has a 52-week high of $141.64 and a 52-week low of $73.04.
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