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SIG $95.47

SIG target price
95.47
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Signet Jewelers Ltd.
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 IncreaseUS$ 6.55 billion (2015)
Operating income
IncreaseUS$ 703.7 million (2015)
Profit IncreaseUS$ 467.9 million (2015)
Total assets IncreaseUS$ 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.

Q reports

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

Ratings

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

Major Shareholders

Name Relationship Total Shares Holding stocks