Telsey Advisory analyst Dana Telsey maintained a Hold rating on Signet Jewelers (SIG – Research Report) today. The company’s shares closed yesterday at $98.03.
According to TipRanks, Telsey is a 3-star analyst with an average return of 2.4% and a 43.48% success rate. Telsey covers the Consumer Cyclical sector, focusing on stocks such as American Eagle, Wolverine World Wide, and Birkenstock Holding plc.
Signet Jewelers has an analyst consensus of Moderate Buy, with a price target consensus of $121.33.
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Based on Signet Jewelers’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.39 billion and a net profit of $11.7 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $37.5 million
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Signet Jewelers (SIG) Company Description:
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following business segment: North America, International segment, and Others. The North America segment operates jewelry stores in malls, mall-based kiosks and off-mall locations throughout the U.S. and Canada under national banners including Kay, Zales, Jared and Piercing Pagoda, as well as a variety of mall-based regional banners. The International segment transacts mainly in British pounds, as sales and the majority of operating expenses are incurred in that currency and its results are then translated into U.S. dollars for external reporting purposes. The Other segment consists of all non-reportable operating segments, including activities related to the direct sourcing of rough diamonds, and is aggregated with unallocated corporate administrative functions. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.
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