Value in the luxury sector
Macy's and Tiffany & Company are two premier names that are currently trading at bargain prices.
Macys is trading around its 200 DMA of $34.57. With a yield of 2.33%, fairly solid books, and a forward P/E just below 9. Over the last 12 months it has seen income growth of 48%.
Tiffany & Company is currently trading well below its 200 DMA of $66.23. It has very solid books, a nice yield (2.41%) and a forward P/E of 12.55. Over the last 12 months it has seen sales growth of 18% and income growth of 19%.
Full disclosure: I am long TIF as of 6/29/12 at a price of $51.75.