SA News • Thu, Jan. 8
Should Signet Withdraw The Zale Corporation Offer?
- Signet should reconsider its offer to acquire Zale Corporation because the acquisition is not strategic and has a high risk of failure.
- Additionally, the acquisition will likely reduce Kay and Jared brands' operating performance.
- This transaction will also distract management from developing a sustainable long-term strategy and inhibit Signet's share growth.
Signet Jewelers: 7 Different Insiders Have Sold Shares During The Last 30 Days
- Seven insiders sold Signet stock within one month.
- The stock was not purchased by any insiders in the month of intensive selling.
- Four of these seven insiders decreased their holdings by more than 10%.
Signet Jewelers: Fundamental Stock Research Analysis
Thu, Jan. 8, 9:15 AM
Thu, Jan. 8, 7:29 AM
Nov. 25, 2014, 7:42 AM
- Signet (NYSE:SIG) reports same-store sales rose 4.2% in FQ3.
- The Kay brand delivered a 7.5% comp, while comps rose 6.5% at Jared.
- Consolidated E-commerce sales rose 97% to $44.8M, due largely to the integration of Zale's.
- Gross margin rate -160 bps to 29.4% as the addition of Zale's created a new operating structure.
- Guidance: FQ4 same-store sales seen rising 3.0% to 4.0%. EPS of $2.69-$2.83 forecast.
- SIG +0.6% premarket.
Nov. 25, 2014, 7:05 AM
Nov. 24, 2014, 5:30 PM
Oct. 14, 2014, 11:16 AM
Aug. 28, 2014, 9:32 AM
Aug. 28, 2014, 9:25 AM
Aug. 28, 2014, 7:14 AM
- Signet (NYSE:SIG) reports same-store sales rose 4.8% in Q2. Organic same-store sales were up 6.3%.
- E-commerce sales +61.9% to $50.5M.
- Gross profit rate -180 bps to 33.4%.
- SG&A expense ratio +260 bps to 31.0%.
- Inventory +65.4% to $2.35B.
- Guidance: The company sees same-store sales rising 2% to 4%.
- Results include 48 days of performance from the Zale division.
Aug. 28, 2014, 7:07 AM
Aug. 27, 2014, 5:30 PM
Aug. 26, 2014, 10:03 AM
Jun. 16, 2014, 1:24 PM
May. 29, 2014, 5:22 PM
- Signet Jewelers (SIG) completes its $1.46B acquisition of Zale (ZLC) after winning approval from a majority of ZLC shareholders. overcoming opposition from some major shareholders (I, II) and proxy adviser Glass Lewis.
- SIG, already the largest U.S. operator of jewelry stores before the deal, is now nearly 3x bigger than the upscale Tiffany (TIF) in terms of U.S. sales, with a 14.6% market share.
- SIG says it expects the acquisition will increase its per-share earnings in the high single-digits on a percentage basis after a year, and generate cost savings of $100M after three years.
- SIG +3.5% in today's trade.
May. 23, 2014, 6:16 PM
- Mario Gabelli becomes the second large Zale's (ZLC) shareholder to come out against the proposed sale to Signet (SIG), saying he may seek a second opinion on the deal's $21/share price in court.
- Gabelli, whose funds own 7.45% of ZLC, says in an SEC filing he had "commenced the process to be able to assert appraisal rights" - a legal process that lets shareholders reject a merger deal and instead ask a judge to independently value their shares.
- Another large Zale investor, TIG Advisors, is trying to rally opposition to the sale ahead of a vote set for next Thursday, but Golden Gate Capital, which controls 23% of ZLC, plans to vote in favor of the deal.
May. 23, 2014, 3:08 PM
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