Signet Jewelers Ltd Feels The Crunch Of Lower Mall Traffic

Signet Jewelers Ltd Feels The Crunch Of Lower Mall Traffic

The Company operates retail jewelry stores in real estate formats including mall-based free-standing strip center and outlet store locations.

Signet Jewelers Ltd. (SIG) shares turned negative on Fridays trading session with the shares closing down -1.38 points or -2.09% at a volume of 33,14,076. SIG plans to close 165 to 170 stores in FY 18 and open 90 to 115 stores for a net selling square footage change of flat to a decline of 1%. The stock tumbled -20 percent over the last 6 months. Based on a recent trade, the shares are hovering around $65.68 which, according to analysts, yield significant upside potential to the $104.08 consensus target price.

Price Target plays a critical role when it comes to the Analysis of a Stock.

For the Current Quarter, the growth estimate for Signet Jewelers Limited is 10.5%, while for the Next Quarter the stock growth estimate is 4.6%. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock.

Signet Jewelers is now expecting fiscal 2018 same-store sales to be down in the low-to-mid single digits, and the earnings per share is expected to range from $7.00 to $7.40. Earnings, adjusted for non-recurring costs, came to $4.03 per share.

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Many analysts have provided their estimated foresights on Signet Jewelers Limited Earnings, with 14 analysts believing the company would generate an Average Estimate of $4.01.

Over all, for the quarter that ended January 28, Signet Jewelers reported a profit of $297.5 million, or $3.92 a share, compared with $271.9 million, or $3.42 a share, a year earlier. The median estimate represents a +58.10% increase from the last price of 63.25. Full-year sales forecasts are pegged at $6.46B, representing a drop of almost -1.82% over last fiscal year's revenues of $6.58B. Analyst's mean target price for SIG is $106.29 while analysts mean recommendation is 2.30. The company's previous year sales total was 2.4 Billion.

Signet Jewelers Limited (NYSE:SIG) is now showing its ROA (Return on Assets) of 8%. Goldman Sachs Group Inc dropped their price target on Signet Jewelers from $100.00 to $88.00 and set a neutral rating for the company in a report on Sunday. The company reached a 52-week low at 62.1 on Mar 7, 2017. Share performance for the month is now at -13.04%.

Same-store sales fell 4.5% in the latest quarter, which was in-line with projections of analysts polled by Consensus Metrix. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 9.81.

This year, the company showed a solid 8.2 percent of growth.