NEW YORK (TheStreet) - Tiffany and Amazon were among the best-performing stocks in the S&P 500 on Tuesday. The S&P 500 fell 4.23 points, or 0.3%, to close at 1,405.52.
Shares of Tiffany rose 6.68% to $73.27 on about eight times the stock's average daily trading volume of 1.9 million shares. The company reported fourth-quarter earnings of $178.4 million, or $1.39 a share, down from earlier earnings of $181.2 million, or $1.41 a share. Analysts, on average, anticipated a profit of $1.42 a share. Tiffany's 2012 outlook includes a projected 10% increase in global sales led by the Asia/Pacific region and the Americas and between a 16% and 19% increase in earnings per share to a range of between $3.95 and $4.05.
Tiffany shares trade at an estimated price-to-earnings ratio for next year of 16.18X; the average for specialty retailers is 16.1X.
Thirteen of the 23 analysts who cover Tiffany rate it at hold; 10 analysts give the stock a buy rating.
TheStreet Ratings gives Tiffany a B grade with a buy rating and a $79.64 price target. The stock has risen 10.58% year to date.
Amazon shares increased 3.67% to $192.33 on about double the stock's average daily trading volume of 5.49 million shares. The online retailer agreed to acquire Kiva Systems, which makes robots used in warehouses, for $775 million in cash after Monday's closing bell.
Amazon shares trade at a forward P/E is 49.1X; the average for broad-line retailers is 20.6X. For comparison, both Wal-Mart and Costco have lower forward P/Es of 11.43X and 20.72X, respectively.
Twenty-three of the 39 analysts who cover Amazon rate it at buy. Fifteen analysts give the stock a hold rating and one rate it at sell.
TheStreet Ratings gives Amazon a C+ grade and hold rating. The stock has risen 11.11% year to date.
Other top-performing S&P 500 stocks Tuesday include:
Bank of America: The stock rose 2.94% Tuesday to $9.81. The stock has increased 76.44% year to date. TheStreet Ratings gives Bank of America a C- grade and hold rating.
Williams: The stock increased 2.89% Tuesday to $31.30. The stock has fallen 5.21% year to date. TheStreet Ratings gives Williams a B- grade with a buy rating and $38.14 price target.
NetApp: The stock rose 2.84% Tuesday to $45.31. The stock has increased 24.92% year to date. TheStreet Ratings gives NetApp a B grade with a buy rating and $50.05 price target.
Urban Outfitters: The stock increased 2.52% Tuesday to $28.51. The stock has risen 3.45% year to date. TheStreet Ratings gives Urban Outfitters a B- grade with a buy rating and $32.32 price target.
Citigroup: The stock rose 2.45% Tuesday to $38.08. The stock has increased 44.74% year to date. TheStreet Ratings gives Citigroup a C+ grade and hold rating.
Western Digital The stock increased 2.33% Tuesday to $39.08. The stock has risen 26.27% year to date. TheStreet Ratings gives Western Digital a B- grade with a buy rating and $44.89 price target.
Cisco: The stock rose 2.14% Tuesday to $20.57. The stock has increased 13.77% year to date. TheStreet Ratings gives Cisco a B grade with a buy rating and $23 price target.
J.C. Penney: The stock increased 2.1% Tuesday to $36.98. The stock has risen 5.21% year to date. TheStreet Ratings gives J.C. Penney a C+ grade and hold rating.