|Bid||35.08 x 800|
|Ask||35.12 x 1000|
|Day's Range||34.69 - 38.13|
|52 Week Range||33.11 - 71.07|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||1.48 (3.61%)|
|1y Target Est||50.38|
Signet Jewelers (SIG) reported stronger-than-expected fiscal 2019 third-quarter earnings results. Cowen lowered its target price to $46 from $70. Meanwhile, RBC reduced its target price on SIG stock to $46 from $69.
Signet Jewelers’ (SIG) reported net sales of $1.19 billion came in ahead of analysts’ estimate of $1.16 billion and increased 3.0% on a YoY (year-over-year) basis. Signet’s net sales benefited from improved comps (1.6%) driven by clearance sales. Its double-digit e-commerce sales growth rate led by its James Allen acquisition further supported its net sales. However, store closures, unfavorable currency rates, and a shift in the timing of its promotions remained a drag.
Signet Jewelers (SIG) posted better-than-expected fiscal 2019 third-quarter earnings results on December 6 for the period that ended on November 3. Signet stock plunged 18.2% following its third-quarter earnings release, closing at $41. Management expects sales from James Allen to continue to slide in the coming quarters, which isn’t encouraging.
Signet Jewelers beat Wall Street's third-quarter expectations Thursday, but shares sank as much as 23% before partly recovering. The stock fell to as low as $38.42 -- down 23.3% from Wednesday's close -- but partly rebounded to finish at $41, down 18.
On December 6, Signet Jewelers (SIG) reported better-than-expected fiscal 2019 third-quarter results for the period that ended on November 3. Jewelers are facing intense competition in the low-end diamond market, which is taking a toll on pricing and margins. Tiffany’s top line fell short of analysts’ estimate.
Online diamond retailer James Allen is experimenting with a brick-and-mortar store, with a difference. Yahoo Finance’s Alexis Christoforous and Julia La Roche discuss.