As investors await earnings numbers from Tiffany tomorrow morning, could this iconic brand signal trouble for well-heeled customers and investors, too?
Shares of luxury retailer Tiffany may be the most expensive thing sold with the company’s name on it.
Trading at 20 times its next twelve months’ price to earnings ratio, Tiffany share are currently near their all-time high of $82.84, reached earlier this month.
Compare Tiffany’s returns to other luxury brands. Ralph Lauren, for example, is up 15% this year, but the last six months have seen that name flat. Coach, meanwhile, is down 4%. Tiffany, however, has rewarded investors with a 40% return since the start of 2013.
Meanwhile, retailers as a whole are up 25% for the year as measured by the SPDR Retail ETF (XRT) but August has been a cruel month and the index is down 5% since August 1.
Tiffany is thought of by many to be a barometer of the high-end market. So, asRead More »from This retailer could signal trouble for the rich