Signet Jewelers Limited(SIG)- NYSE
  • Yesterday, 10:17 AM
    • CLSA issues new ratings updates up and down the retail sector.
    • Coach (COH +2%) earns a Buy rating due to sales momentum.
    • Tiffany (TIF +0.8%) looks appealing with expectations set low.
    • Ralph Lauren (RL +1.7%) lands at Buy with it seen as being in the early stages of a turnaround.
    • Catching Outperform ratings are Signet (SIG +0.1%), Oxford Industries (OXM +0.9%), Kate Spade (KATE +1.2%), and G-III Apparel Group (GIII +1.2%).
    • A lack of drivers at Michael Kors (KORS -0.6%) brings a Sell rating down from CLSA.
    • The investment firm starts off coverage on Carter's (CRI -1.7%) with an Underperform rating and sets a price target of $95 on the retailer.
    | Yesterday, 10:17 AM | 4 Comments
  • Tue, Aug. 30, 8:11 AM
    • JPMorgan moves off a bullish stance on Signet Jewelers (NYSE:SIG) with a downgrade to Neutral from Outperform. The ratings swipe follows a disappointing Q2 report from Signet last week.
    • Shares of Signet are down 2.34% premarket to $78.30
    | Tue, Aug. 30, 8:11 AM | 3 Comments
  • Fri, Aug. 26, 8:34 AM
    • Signet Jewelers (NYSE:SIG) plans to test new technology to help it confirm the authenticity of diamonds sold by the company.
    • CEO Mark Light says the system will track diamonds by their unique markings and will help create a transparent system for customers.
    • Signet Jewelers'  Earnings Call Transcript (Aug. 25)
    | Fri, Aug. 26, 8:34 AM
  • Thu, Aug. 25, 12:45 PM
    | Thu, Aug. 25, 12:45 PM
  • Thu, Aug. 25, 9:16 AM
    | Thu, Aug. 25, 9:16 AM | 2 Comments
  • Thu, Aug. 25, 9:06 AM
    • Signet (NYSE:SIG) announces that affiliates of Leonard Gren & Partners will purchase $625M worth of convertible preferred shares. The transaction is expected to close in Q3.
    • The company plans to add the proceeds from the PE firm to its buyback allowance which will take it to $1.1B.
    • Previously: Signet misses by $0.31, misses on revenue (Aug. 25)
    • Previously: Signet sinks after weak results and guidance cut (Aug. 25)
    • Shares of Signet are down 9.95% premarket to $85.95, recovering somewhat from the early post-earnings slide.
    | Thu, Aug. 25, 9:06 AM | 3 Comments
  • Thu, Aug. 25, 7:19 AM
    • Signet (NYSE:SIG) reports same-store sales fell 2.3% in Q4.
    • Comp growth by brand: Kay -0.5%, Jared -7.6%, Sterling -3.1%, Zales (total) -1.7%, Zales US Jewelry -2.2%, H.Samuel -0.4%, Ernest Jones +1.9%, UK Jewellers division +0.8%.
    • Adjusted gross margin rate down 130 bps Y/Y to 34.0%.
    • Adjusted SG&A expense rate was up 50 bps to 29.7%.
    • Adjusted operating margin rate rose 150 bps to 8.7%.
    • Net inventory flat at $2.4B.
    • Store count +7 Y/Y to 3,625.
    • FY17 Guidance: Same-store sales: -2.5% to -1.0%; EPS: $7.25 to $7.55; Net selling square footage growth +3.0% to +3.5%.
    • Previously: Signet misses by $0.31, misses on revenue (Aug. 25)
    • SIG -14.14% premarket to $82.00.
    | Thu, Aug. 25, 7:19 AM
  • Thu, Aug. 25, 7:05 AM
    • Signet (NYSE:SIG): Q2 EPS of $1.14 misses by $0.31.
    • Revenue of $1.38B (-2.8% Y/Y) misses by $60M.
    • Shares +1.05% PM.
    • Press Release
    | Thu, Aug. 25, 7:05 AM
  • Wed, Aug. 24, 5:30 PM
    | Wed, Aug. 24, 5:30 PM | 10 Comments
  • Mon, Jun. 20, 9:03 AM
    • A survey conducted by Cowen indicates that customers of Signet Jewelers (NYSE:SIG) have maintained their positive rating on the retailer, while negative views are in-line with peers.
    • Cowen is confident Signet will use its advertising budget to drive traffic across brands.
    • Shares of SIG are rated at Outperform by Cowen with a price target of $130.
    | Mon, Jun. 20, 9:03 AM | 2 Comments
  • Wed, Jun. 15, 12:45 PM
    • Signet (SIG -0.8%) is adding "incremental promotions" in order to stimulate customers at the Kay, Jared, and Zales chains.
    • The company is still in a damage control mode after reports emerged earlier this month alleging diamond-swapping practices at the company.
    • "We have to make it right and get on top of social media to make sure that the other side of the story is told," notes Signet CEO Mark Light.
    | Wed, Jun. 15, 12:45 PM | 1 Comment
  • Wed, Jun. 8, 11:44 AM
    • Signet Jewelers (NYSE:SIG) CEO Mark Light picked up 2,897 shares at $86.22 yesterday.
    • Chairman of the Board Todd Stitzer added 3,480 shares at $86.25.
    • Shares of Signet are up 2.91% on the day to $88.54, but are still down about 19% from where they stood before accusations of diamond-swapping first started to circulate.
    | Wed, Jun. 8, 11:44 AM | 4 Comments
  • Fri, Jun. 3, 8:19 AM
    • Signet Jewelers (NYSE:SIG) issues a statement in which it strongly objects to published allegations that employees mishandle customer jewelry or engage in "diamond swapping" practices.
    • Customer complaints about Signet have seemed to spiral higher recently and the company was the target of a negative article by Grant's Interest Rate Observer. Jim Grant also went on CNBC to explain his concerns on Signet.
    • Signet is down 14% over the last week, but SA contributor Quinn Foley sees an opportunity.
    | Fri, Jun. 3, 8:19 AM | 10 Comments
  • Thu, Jun. 2, 11:27 AM
    • Signet (SIG -6.8%) is down sharply today as shares stay on a downward track. Shares are off 14% over the last five sessions.
    • A contributing factor in the weakness is a report swirling around accusing employees at Kay of swapping out diamonds. A Facebook page that is stockpiling customer complaints is drawing some notice.
    • Also in the mix, Grant's took aim at Signet by calling the retailer the next Lumber Liquidators in its latest issue. The publication is pointing at some bankruptcy data on top of the diamond-swapping issue.
    | Thu, Jun. 2, 11:27 AM | 5 Comments
  • Thu, May 26, 12:14 PM
    • RIght now, the chance of an affirmative vote in the Brexit referendum is looking mighty slim, so it's hard to imagine much of an edge here. Nevertheless, the team at JPMorgan has identified 22 U.S. stocks with the highest U.K. exposure as a percent of revenue. These names would thus theoretically benefit from a "Remain" vote.
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    | Thu, May 26, 12:14 PM | 17 Comments
  • Thu, May 26, 6:57 AM
    • Signet (NYSE:SIG): Q1 EPS of $1.95 beats by $0.01.
    • Revenue of $1.58B (+2.6% Y/Y) misses by $30M.
    • Shares -2.28% PM.
    • Press Release
    | Thu, May 26, 6:57 AM | 4 Comments