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Signet Jewelers Limited (SIG)

  • Thu, Jan. 8, 9:15 AM
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  • Aug. 28, 2014, 9:32 AM
    • Shares of Signet (SIG +8.2%) are higher in early trading after the company's Q2 results impress.
    • Retail analysts note Signet managed to deliver a shining comp without sacrificing margins.
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  • Aug. 28, 2014, 9:25 AM
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  • May 16, 2014, 1:07 PM
    • The efforts of Signet (SIG +0.1%) to acquire Zale (ZLC +0.8%) could be done in by deal adviser Bank of America Merrill Lynch's failure to disclose a conflict of interest.
    • BAML delivered a presentation to Signet last October in which it recommended to the company it make an offer to buy Zale for $17 to $21 per share. The investment bank then turned around to rep Zale in the merger talks while disclosing only "limited" prior relationships with Signet, according to The New York Times.
    • The apparent foul-up gives TIG Advisors even more ammunition to convince other Zale shareholders to oppose the merger.
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  • Mar. 27, 2014, 8:27 AM
    • Shares of Signet (SIG) trade higher in early action after the company turns out a better quarter than anticipated.
    • Both the Kay and Jared brand showed solid sales growth.
    • The impact on Signet's margins from increased promotional activity wasn't nearly as severe as what many retail peers saw during the same period. Gross margin fell 60 bps to 42.1%, largely due to higher input costs.
    • A dividend hike from the company to $0.18/share a quarter is also adding to the Signet luster today.
    • SIG +3.7% premarket
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  • Feb. 19, 2014, 12:45 PM
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  • Feb. 19, 2014, 9:13 AM
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  • Feb. 19, 2014, 7:37 AM
    • Signet (SIG) confirms its acquisition of Zale (ZLC) in a transaction valued at close to $1.4B. Large Zale stakeholder Golden Gate Capital is on board with the deal.
    • The company expects to finance the transaction through bank debt and a securitization of its accounts receivable portfolio.
    • The merger is expected to be accretive in the first year at a high single-digit percentage.
    • What to watch: Zale's international business and strong online business strengthen a couple of areas Signet had room to improve. The combined company will also yield some improved pricing power.
    • Premarket action: ZLC +40.8% to $20.99 and SIG +11.0% to $88.
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  • Oct. 11, 2013, 5:36 PM
    • Top Gainers, as of 5:15 p.m.: GST +3.6%. RT +3.1%. IRWD +2.4%. HMY +1.6%. S +1.3%.
    • Top Losers, as of 5:15 p.m.: CIE -5.7%. MPEL -3.8%. SSYS -3.7%. SIG -2.5%. MBFI -2.4%.
  • Sep. 4, 2013, 1:59 PM
    • Shares of Zales (ZLC +4.8%) continue to run after the jeweler's FQ4 beat. The stock is up 49.7% since the company announced results on Aug. 28.
    • Diamond jewelers Blue Nile (NILE +3%), Tiffany (TIF +1.9%), and Signet (SIG +0.4%) are up on the day as well and are outperforming the broader S&P retail sector (+0.8%).
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  • Jan. 14, 2013, 8:12 AM
    Shares of Harry Winston Diamond (HWD) move up 8.9% premarket to $15.75 after Swatch Group agrees to buy the brand from HW Holdings. The move by Swatch into North America will give Tiffany (TIF), Zale (ZLC), and Signet (SIG) another rival to worry about with Swatch gaining a reliable source for diamonds for its watch business.
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  • Jan. 14, 2013, 7:50 AM
    JPMorgan downgrades Signet Jewelers (SIG) to Neutral from Overweight after shares rallied last week off of the retailer's solid report on holiday sales. SIG -0.6% premarket.
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  • Jan. 8, 2013, 8:28 AM
    Shares of Signet (SIG) move 2.4% higher premarket after the company reports better-than-expected holiday sales and boosts its estimates for Q4 profit. On watch: ZLC, NILE.
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  • Nov. 27, 2012, 11:51 AM
    Jewelry stocks race higher with word private equity concerns are sticking their nose into the sector. Advancers: Signet (SIG) +4.5%, Zale (ZLC) +3.7%, Blue Nile (NILE) +5.0%.
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  • Aug. 3, 2012, 8:59 AM
    Shares of Blue Nile (NILE) skyrocket 27.1% premarket after the company beat estimates with its Q2 report. The company's full-year guidance of $0.70-$0.85 came in over the consensus mark of analysts and brings up the question if the company is catching jewelry buyers trading down from higher-priced brick-and-mortar sellers such as SIG, TIF and ZLC.
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  • Jul. 31, 2012, 9:07 AM
    High-end retail stocks may have a hard time getting out of the way of the blowback from Coach's weak Q2 sales report. Premarket decliners: RL -2.2%, TIF -3.8%, SIG -0.2%, FOSL -2.5%, LULU -1.6%.
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Company Description
Signet Jewelers Ltd is a specialty jewelry retailer. It is engaged in retailing of jewelry, watches and associated services in United Kingdom and United States.
Sector: Services
Industry: Jewelry Stores
Country: United States