Signet Jewelers Ltd. (SIG) reported quarterly earnings results on Thursday, Aug-25-2016. The company reported $1.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.32. Analysts had a consensus of $1.46. The company posted revenue of $1400.00 million in the period, compared to analysts expectations of $1435.46 million. The company’s revenue was down -.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
Many Wall Street Analysts have commented on Signet Jewelers Ltd.. Shares were Reiterated by RBC Capital Mkts on Jun 28, 2016 to “Outperform” and Lowered the Price Target to $ 120 from a previous price target of $140 .
Signet Jewelers Ltd. opened for trading at $92.59 and hit $95.3 on the upside on Tuesday, eventually ending the session at $94.99, with a gain of 2.79% or 2.58 points. The heightened volatility saw the trading volume jump to 19,32,563 shares. Company has a market cap of $7,410 M.
In a different news, on Jul 25, 2016, Thomas G Plaskett (director) purchased 300 shares at $88.88 per share price. According to the SEC, on Jul 20, 2016, Sebastian Hobbs (Managing Director, UK) purchased 500 shares at $91.72 per share price. On Jul 20, 2016, Helen Mccluskey (director) purchased 1,000 shares at $89.91 per share price, according to the Form-4 filing with the securities and exchange commission.
Signet Jewelers Limited is a retailer of jewelry watches and associated services in the United States Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division the UK Jewelry division the Zale division which consists of Zale Jewelry and Piercing Pagoda and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats including mall-based free-standing strip center and outlet store locations. The Company operated approximately 3579 stores and kiosks across 4.8 million square feet of retail space.