March 25, 2013 at 08:12 AM EDT
Sterne Agee Backs “Neutral” Rating on Tiffany & Co. Following Q4 Earnings Results (TIF)

Following the release of Tiffany & Co.’s (TIF) fourth quarter earnings report on Friday, analysts at Sterne Agee reiterated their tepid rating on the fine jewelry maker.

The analysts maintain a “Neutral” rating on TIF and see shares reaching $68. This target suggests a 2% downside to Friday’s closing price of $69.23.

A Sterne Agee analyst noted, “With TIF shares up over 25% YTD amid a very challenging operating environment, we remain sidelined on the stock following Q4 results. While their 2013 outlook was affirmed (6-9% EPS growth), Q1 guidance was well below expectations (EPS down 15-20%) as GMs and expenses pressure margins. FY results should improve throughout the year, but TIF is clearly starting in the hole – creating incremental risk to the story. Maintain PT of $68 (20x FY13E EPS).”

Tiffany shares were inactive during pre-market trading on Monday. The stock is down -3.11% over the past year.

The Bottom Line
Shares of Tiffany’s (TIF) have a dividend yield of 1.85% based on Friday’s closing price of $69.23 and the company’s annualized dividend payout of $1.28 per share.

Tiffany & Co. (TIF) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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