Type
|
Public |
---|---|
Traded as | NYSE: SIG S&P 500 Component LSE: SIG |
Industry | Retail |
Founded | 1949 |
Headquarters | Hamilton, Bermuda (domicile) Akron, Ohio, United States (headquarters) |
Key people
|
Todd Stitzer (Chairman) Virginia Drosos (CEO) Michele Santana (CFO) |
Products | Jewelry |
Revenue | US$ 6.55 billion (2015) |
Operating income
|
US$ 703.7 million (2015) |
Profit | US$ 467.9 million (2015) |
Total assets | US$ 6.464 billion (2015) |
Number of employees
|
29,057 (2016) |
Subsidiaries | Zale Corporation Kay Jewelers Jared |
Website | http://www.signetjewelers.com |
Signet Jewelers Ltd. (Ratner Group 1949-1993 then Signet Group plc to September 2008) is the world's largest retailer of diamond jewelry. The company is domiciled in Bermuda and headquartered in Akron, Ohio, and is listed on the New York Stock Exchange. As of 14 March 2016 the company has been delisted from the London Stock Exchange, following reports that less than 1% of their annual trading volume was conducted via the platform. The group operates in the middle market jewelry segment and has number one positions in the U.S., Canada and UK speciality jewelry markets. Certain brands (Jared in the U.S. and H. Samuel/Ernest Jones/Leslie Davis in the UK) operate in the upper middle market. Signet Jewelers owns and operates the companies Zales, Kay Jewelers, and Jared.
The group was founded in 1949 and grew organically before expanding rapidly through a series of acquisitions in the late 1980s and early 1990s, and was formerly known as the Ratner Group.
Gerald Ratner who built it from 130 stores to 2500, a previous CEO, made possibly the most famous gaffe in twentieth century British business when he explained to a major business conference that the reason why one of his products was so cheap was that it was "total crap". He then went on to unfavourably compare some of the company's earrings with a 99p prawn sandwich. His remarks were gleefully reported by the media. The company lost over 500 million pounds off its share price and consumers subsequently avoided the Ratner branded stores, nearly 300 of which were closed between January 1992 and May 1994 as the group went through a financial restructuring. Ratner resigned in November 1992 and the group changed its name to Signet Group plc in September 1993.
This perceived lack of judgement and contempt for the customer gave rise to the expression "doing a Ratner".
The company moved its primary stock market listing from the London to the New York Stock Exchange on September 11, 2008, changing its name to Signet Jewelers Limited in the process. The firm also moved its country of domicile from the United Kingdom to Bermuda on the same day, although it retains headquarters in Akron, OH.
In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation, with Zale shareholders receiving USD$21 a share in cash in USD$1.4 billion deal. This merger has created a $6.2 billion firm.
In July 2017, Virginia Drosos was appointed as the new CEO of Signet Jewelers Ltd., replacing Mark Light who had served as CEO since October 2014.
In August 2017, it was announced that Signet Jewelers Ltd. agreed to buy R2Net, owner of online jewelry retailer James Allen, for $328 million.
Signet operates approximately 5,000 stores.
In May 2017, one of Signet's subsidiaries, Sterling Jewelers, settled a federal civil lawsuit brought by the U.S. Equal Employment Opportunity Commission accusing it of discriminating against female employees. Signet is also subject to at least two class actions through Sterling and one of its subsidiary, Jared The Galleria of Jewelry. It is being sued by 44,000 female employees and former employees for discrimination. The action was launched in 2008 and Sterling was still fighting it in 2017; it is set to go to trial in 2018.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-30 | Future report Set alerts | |
Q2 2022 | 2022-09-01 | 2.68 | 2.68 |
Q1 2022 | 2022-06-09 | 2.86 | 2.86 |
Q4 2021 | 2022-03-17 | 0.00 | 0.00 |
Q3 2021 | 2021-12-02 | 1.43 | 1.43 |
Q2 2021 | 2021-09-02 | 2.77 | 2.77 |
Q1 2021 | 2021-06-10 | 2.23 | 2.23 |
Q4 2020 | 2021-03-18 | 4.15 | 4.15 |
Q2 2020 | 2020-09-03 | -1.13 | -1.73 |
Q1 2020 | 2020-06-09 | -1.59 | -3.96 |
2016-06-28 | Lower Price Target | RBC Capital | Outperform | $140.00 to $120.00 |
2016-06-28 | Lower Price Target | Royal Bank Of Canada | Outperform | $140.00 to $120.00 |
2016-06-25 | Reiterated Rating | Wells Fargo | Outperform | $113.00 |
2016-06-25 | Reiterated Rating | Wells Fargo & Co. | Outperform | $113.00 |
2016-06-20 | Reiterated Rating | Cowen and Company | Outperform | $130.00 |
2016-06-09 | Reiterated Rating | Nomura | Buy | $148.00 |
2016-06-09 | Reiterated Rating | Nomura Holdings Inc. | Buy | $148.00 |
2016-06-08 | Reiterated Rating | Bank of America | Buy | |
2016-06-08 | Reiterated Rating | Bank of America Corp. | Buy | |
2016-05-31 | Lower Price Target | Nomura | Buy | $169.00 to $148.00 |
2016-05-29 | Reiterated Rating | Telsey Advisory Group | Buy | |
2016-05-27 | Lower Price Target | Citigroup Inc. | Buy | $145.00 to $125.00 |
2016-05-27 | Downgrade | Goldman Sachs | Buy to Neutral | $192.00 to $119.00 |
2016-05-27 | Lower Price Target | Telsey Advisory Group | Outperform | $165.00 to $140.00 |
2016-05-27 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $192.00 to $119.00 |
2016-05-26 | Reiterated Rating | Wells Fargo | Outperform | $144.00 |
2016-05-12 | Reiterated Rating | Goldman Sachs | Buy | |
2016-03-29 | Reiterated Rating | Bank of America | Buy | |
2016-03-28 | Reiterated Rating | Cowen and Company | Outperform | |
2016-03-28 | Boost Price Target | Goldman Sachs | Buy | $186.00 to $192.00 |
2016-03-24 | Boost Price Target | Topeka Capital Markets | Buy | $169.00 to $170.00 |
2016-03-01 | Upgrade | CL King | Neutral to Buy | $127.00 |
2016-03-01 | Reiterated Rating | Cowen and Company | Buy | |
2016-02-18 | Reiterated Rating | Cowen and Company | Buy | $165.00 |
2016-02-17 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $180.00 to $142.00 |
2016-02-03 | Reiterated Rating | RBC Capital | Buy | $160.00 to $140.00 |
2016-01-08 | Reiterated Rating | Cowen and Company | Buy | |
2016-01-08 | Reiterated Rating | Wells Fargo | Buy | |
2015-12-14 | Reiterated Rating | Deutsche Bank | Buy | |
2015-12-14 | Reiterated Rating | Deutsche Bank AG | Buy | |
2015-11-26 | Reiterated Rating | Stephens | Buy | |
2015-11-25 | Reiterated Rating | Cowen and Company | Buy | $165.00 |
2015-11-09 | Initiated Coverage | Johnson Rice | Buy | |
2015-11-06 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | |
2015-10-29 | Upgrade | Goldman Sachs | Buy to Conviction-Buy | |
2015-10-26 | Reiterated Rating | BNP Paribas | Outperform | |
2015-10-21 | Initiated Coverage | Wells Fargo | Outperform to Outperform | |
2015-10-12 | Reiterated Rating | Nomura | Buy | $169.00 |
2015-10-07 | Initiated Coverage | Citigroup Inc. | Buy | $170.00 |
2015-09-28 | Reiterated Rating | RBC Capital | Outperform | $160.00 |
2015-09-09 | Initiated Coverage | RBC Capital | Outperform | $160.00 |
2015-08-31 | Boost Price Target | Buckingham Research | Buy | $150.00 to $158.00 |
2015-08-29 | Reiterated Rating | Telsey Advisory Group | Buy | |
2015-08-28 | Boost Price Target | Barclays | Overweight | $155.00 to $165.00 |
2015-08-28 | Boost Price Target | Telsey Advisory Group | Outperform | $155.00 to $165.00 |
2015-08-28 | Boost Price Target | Barclays PLC | Overweight | $155.00 to $165.00 |
2015-08-19 | Reiterated Rating | Cowen and Company | Buy | |
2015-08-19 | Upgrade | BNP Paribas | Neutral to Outperform | |
2015-07-28 | Reiterated Rating | Deutsche Bank | Buy | |
2015-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
2015-06-25 | Reiterated Rating | Sterne Agee CRT | Buy | $158.00 |
2015-06-23 | Reiterated Rating | Cowen and Company | Buy | $160.00 |
2015-05-29 | Reiterated Rating | Deutsche Bank | Buy | |
2015-05-29 | Reiterated Rating | Cowen and Company | Outperform | $160.00 |
2015-05-28 | Reiterated Rating | Sterne Agee CRT | Buy | $158.00 |
2015-05-20 | Boost Price Target | Deutsche Bank | Buy | $140.00 to $150.00 |
2015-04-02 | Reiterated Rating | BNP Paribas | Neutral | |
2015-03-30 | Boost Price Target | Topeka Capital Markets | Buy | $145.00 to $160.00 |
2015-03-27 | Boost Price Target | Telsey Advisory Group | Outperform | $150.00 to $155.00 |
2015-03-26 | Reiterated Rating | Goldman Sachs | Buy | |
2015-03-26 | Reiterated Rating | Nomura | Positive | $169.00 to $140.00 |
2015-01-06 | Initiated Coverage | Cowen and Company | Outperform | |
2015-01-02 | Reiterated Rating | Deutsche Bank | Buy | |
2014-12-22 | Initiated Coverage | Buckingham Research | Buy | |
2014-12-18 | Reiterated Rating | Deutsche Bank | Buy | |
2014-11-26 | Boost Price Target | Topeka Capital Markets | Buy | $130.00 to $145.00 |
2014-11-26 | Reiterated Rating | Deutsche Bank | Buy | $125.00 to $140.00 |
2014-11-26 | Boost Price Target | Telsey Advisory Group | Outperform | $131.00 to $150.00 |
2014-11-21 | Boost Price Target | Barclays | Overweight | $120.00 to $130.00 |
2014-10-24 | Boost Price Target | Nomura | $133.00 | |
2014-10-17 | Initiated Coverage | Barclays | Overweight | $120.00 |
2014-10-16 | Reiterated Rating | BNP Paribas | Neutral | |
2014-09-11 | Downgrade | BNP Paribas | Outperform to Neutral | |
2014-09-11 | Boost Price Target | Bank of America | Buy | $125.00 to $140.00 |
2014-09-02 | Reiterated Rating | Nomura | Buy | $121.00 to $125.00 |
2014-09-02 | Reiterated Rating | Citigroup Inc. | Neutral | $112.00 to $125.00 |
2014-09-02 | Boost Price Target | JPMorgan Chase & Co. | $125.00 to $130.00 | |
2014-08-29 | Boost Price Target | Deutsche Bank | Buy | $115.00 to $125.00 |
2014-08-29 | Boost Price Target | Telsey Advisory Group | Not Rated | $120.00 to $131.00 |
2014-08-28 | Boost Price Target | Topeka Capital Markets | Buy | $125.00 to $130.00 |
2014-08-28 | Boost Price Target | Sterne Agee CRT | $135.00 | |
2014-08-19 | Reiterated Rating | Deutsche Bank | Buy | |
2014-08-04 | Reiterated Rating | Nomura | Buy | |
2014-07-10 | Boost Price Target | Topeka Capital Markets | Buy | $120.00 to $125.00 |
2014-07-09 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | |
2014-05-30 | Boost Price Target | Evercore ISI | $120.00 | |
2014-05-30 | Boost Price Target | Telsey Advisory Group | Not Rated | $112.00 to $120.00 |
2014-05-23 | Boost Price Target | Deutsche Bank | Buy | $105.00 to $115.00 |
2014-04-10 | Reiterated Rating | Nomura | Buy | $121.00 |
2014-03-31 | Downgrade | Miller Tabak | Buy to Neutral | |
2014-03-28 | Boost Price Target | Topeka Capital Markets | $105.00 to $120.00 | |
2014-03-28 | Boost Price Target | Citigroup Inc. | $84.00 to $112.00 | |
2014-03-28 | Boost Price Target | Nomura | $115.00 to $121.00 | |
2014-03-27 | Boost Price Target | Brean Capital | Buy | $105.00 to $115.00 |
2014-02-24 | Boost Price Target | Nomura | Buy | $85.00 to $115.00 |
2014-02-21 | Upgrade | Sterne Agee CRT | Neutral to Buy | $86.00 to $120.00 |
2014-02-03 | Reiterated Rating | Nomura | Buy | |
2014-01-31 | Downgrade | Northcoast Research | Buy to Neutral | |
2014-01-21 | Reiterated Rating | Nomura | Buy | $85.00 |
2014-01-09 | Lower Price Target | Telsey Advisory Group | Not Rated | $79.00 to $77.00 |
2014-01-09 | Downgrade | CL King | Strong-Buy to Neutral | |
2013-11-27 | Reiterated Rating | Citigroup Inc. | Positive | |
2013-10-09 | Reiterated Rating | Nomura | Buy | $80.00 |
2013-10-07 | Upgrade | Deutsche Bank | Hold to Buy | $73.00 to $85.00 |
2013-10-01 | Initiated Coverage | Topeka Capital Markets | Buy | $83.00 |
2013-09-27 | Initiated Coverage | Brean Capital | Buy | |
2013-08-30 | Reiterated | Telsey Advisory Group | Not Rated | $73 to $72 |
2009-09-08 | Downgrade | Soleil | Buy to Hold | |
2009-06-09 | Initiated | Soleil | Buy | $25 |
2009-04-16 | Reiterated | CL King | Accumulate | $13 to $16.50 |
2009-02-27 | Upgrade | Deutsche Securities | Hold to Buy |
2016-06-28 | Lower Price Target | RBC Capital | Outperform | $140.00 to $120.00 |
2016-06-28 | Lower Price Target | Royal Bank Of Canada | Outperform | $140.00 to $120.00 |
2016-06-25 | Reiterated Rating | Wells Fargo | Outperform | $113.00 |
2016-06-25 | Reiterated Rating | Wells Fargo & Co. | Outperform | $113.00 |
2016-06-20 | Reiterated Rating | Cowen and Company | Outperform | $130.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SIG 232 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Select Equity Group, L.P. | 9.92M |
BlackRock Inc. | 8.00M |
Vanguard Group, Inc | 5.46M |
DIMENSIONAL FUND ADVISORS LP | 2.39M |
BlackRock Institutional Trust Company, N.A. | 1.86M |
VICTORY CAPITAL MANAGEMENT INC | 1.66M |
STATE STREET CORP | 1.66M |
BlackRock Fund Advisors | 1.22M |
GEODE CAPITAL MANAGEMENT, LLC | 0.81M |
BALYASNY ASSET MANAGEMENT LLC | 0.77M |
FMR LLC | 0.75M |
D. E. Shaw & Co., Inc. | 0.69M |
CAPITAL GROWTH MANAGEMENT LP | 0.68M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 0.60M |
BlackRock Group LTD | 0.59M |