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Signet Jewelers Ltd (SIG.N)

SIG.N on New York Stock Exchange

40.18USD
26 Apr 2018
Change (% chg)

$0.09 (+0.22%)
Prev Close
$40.09
Open
$40.11
Day's High
$40.44
Day's Low
$39.87
Volume
198,086
Avg. Vol
545,769
52-wk High
$77.91
52-wk Low
$33.11

Latest Key Developments (Source: Significant Developments)

Take-Two, SVB To Switch With Signet, Patterson In S&P 500
Saturday, 10 Mar 2018 

March 9 (Reuters) - S&P Dow Jones Indices::S&P DOW JONES INDICES SAYS TAKE-TWO INTERACTIVE SOFTWARE, SVB FINANCIAL WILL SWITCH PLACES WITH SIGNET JEWELERS & PATTERSON COS RESPECTIVELY IN S&P 500.‍S&P DOW JONES INDICES SAYS S&P SMALLCAP 600 CONSTITUENT NEKTAR THERAPEUTICS WILL REPLACE CHESAPEAKE ENERGY CORP IN S&P 500​‍​.  Full Article

Signet Jewelers Says CFPB Is Considering Recommending Legal Action Against Co
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Signet Jewelers Ltd ::SIGNET JEWELERS - ON SEPT 6, CFPB NOTIFIED CO THAT, CFPB'S OFFICE OF ENFORCEMENT IS CONSIDERING RECOMMENDING THAT CFPB TAKE LEGAL ACTION AGAINST CO.SHARES OF SIGNET JEWELERS DOWN 0.9 PERCENT IN EXTENDED TRADE.SIGNET JEWELERS SAYS CFPB NOTIFIED CO , IN ACCORDANCE WITH CFPB’S DISCRETIONARY NOTICE AND OPPORTUNITY TO RESPOND AND ADVISE PROCESS - SEC FILING.SIGNET JEWELERS LTD - ON SEPT 27, CO SUBMITTED RESPONSE TO NORA LETTER TO THE CFPB, WHICH STATED ITS BELIEF THAT THE "POTENTIAL CLAIMS LACK MERIT ".SIGNET JEWELERS LTD -THE ATTORNEY GENERAL FOR THE STATE OF NEW YORK IS INVESTIGATING CO UNDER ITS JURISDICTION.SIGNET JEWELERS LTD - CURRENTLY UNABLE TO PREDICT TIMING/ OUTCOME OF THE NORA PROCESS OR NYAG INVESTIGATION.SIGNET JEWELERS LTD SAYS "NO POSSIBLE LOSS OR RANGE OF LOSSES, IF ANY, ARISING FROM THE INVESTIGATIONS IS ABLE TO BE ESTIMATED".  Full Article

Signet Jewelers Q3 loss per share $0.20
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Signet Jewelers Ltd ::Signet Jewelers reports third quarter financial results.Q3 loss per share $0.20.Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $6.10 to $6.50.Qtrly ‍same store sales down 5.0%​.Revised fiscal 2018 guidance to reflect impact of credit outsourcing disruptions​.Now expects fiscal 2018 same-store-sales to be down a mid single-digit percentage​.Qtrly ‍sales $1,156.9 million versus $1,186.2​ million.Sees 2018 ‍capital expenditures in range of $245 million to $260 million​.Q3 revenue view $1.17 billion -- Thomson Reuters I/B/E/S.Quarter-end net inventories were $2,466.1 million, down 6.9% at prior year quarter-end​.For 2018, co expects net store closures of about 125 stores, consisting of about 90 to 100 store openings & about 215 to 225 closures​.  Full Article

Signet Jewelers completes and Genesis enter into five-year servicing agreement​
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Signet Jewelers Ltd :Signet Jewelers completes first phase of strategic outsourcing of credit portfolio.Signet Jewelers Ltd - ‍received $960 million of proceeds from sale of its prime-only accounts receivable to alliance data​.Signet Jewelers Ltd - ‍implemented a lease-purchase program in partnership with progressive leasing across its u.s. stores​.Signet Jewelers Ltd - ‍signet and Genesis have entered into a five-year servicing agreement​.Signet Jewelers-‍genesis to give credit servicing functions for signet's existing non-prime accounts receivable & future non-prime account originations​.Signet Jewelers-‍as part of deal, nearly all existing signet team members supporting credit operations transferred to alliance data or genesis​.Signet Jewelers Ltd sees ‍net impact from outsourcing credit portfolio​ of negative $0.16 on EPS for FY 2018.Signet Jewelers-total transaction costs related to legal, advisory, implementation and retention expense were $36 million for the full year fiscal 2018.  Full Article

Signet Jewelers reports Q1 earnings per share $1.03
Thursday, 25 May 2017 

May 25 (Reuters) - Signet Jewelers Ltd :Signet Jewelers reports first quarter financial results.Q1 earnings per share $1.03.Q1 earnings per share view $1.67 -- Thomson Reuters I/B/E/S.Signet Jewelers Ltd says reaffirms fiscal 2018 guidance.Signet Jewelers Ltd - qtrly same store sales declined 11.5%, including 330 basis points unfavorable impact attributable to later timing of mother's day holiday.Signet Jewelers - qtrly total sales were $1,403.4 million, down 11.1% (10.1% on constant currency basis), compared to an increase of 3.2% in 13 weeks ended april 30, 2016.Q1 earnings per share view $1.66, revenue view $1.46 billion -- Thomson Reuters I/B/E/S.Signet Jewelers Ltd - Signet remains on-track to close approximately 165 to 170 stores in fiscal 2018 and open about 90 to 115 stores.Signet Jewelers - "very slow start to year" as continued headwinds in retail environment were exacerbated by slowdown in jewelry spending, co specific challenges.  Full Article

Signet Jewelers announces first phase of strategic outsourcing of credit portfolio
Thursday, 25 May 2017 

May 25 (Reuters) - Signet Jewelers Ltd :Signet Jewelers announces first phase of strategic outsourcing of credit portfolio.Signet Jewelers Ltd - will sell $1.0 billion of its prime-only credit quality accounts receivable to Alliance Data Systems Corporation at par value.Signet Jewelers Ltd - Signet will form a seven-year partnership with progressive leasing a subsidiary of Aaron's, Inc..Signet Jewelers Ltd - as part of second phase, Signet intends to fully outsource its secondary credit programs.Signet Jewelers Ltd - company plans on engaging in discussions with capital providers to finalize fully-outsourced structure.Signet Jewelers- Co, Genesis Financial Solutions entered into preliminary agreement where genesis will service Signet's non-prime accounts receivable.Signet Jewelers Ltd - first phase of outsourced partnership structure is designed to substantially maintain Signet's net sales.Signet Jewelers - transaction expected to be accretive to EPS in first full year of operations based on current stock prices and an october 2017 close.Signet Jewelers Ltd - expects improved cash flow profile, capital efficiency with slight decline in operating income from sale of primary credit program.Signet Jewelers Ltd - intends to use proceeds from sale of its prime receivables to alliance data to repay its $600 million securitization facility.  Full Article

Alliance Data's card services unit, Signet Jewelers announce strategic long-term agreement
Thursday, 25 May 2017 

May 25 (Reuters) - Alliance Data Systems Corp ::Alliance Data's card services business and Signet Jewelers announce strategic long-term agreement for private label credit card services; agree to purchase of approximately $1 billion prime-only credit quality portion of signet's total private label portfolio.Alliance Data - to acquire portion of Signet's credit card portfolio consisting of prime-only credit quality accounts totaling about $1 billion in receivables​.  Full Article

LGP Management reports 8.8 pct beneficial ownership of the voting stock of Signet Jewelers
Thursday, 13 Oct 2016 

Signet Jewelers Ltd :LGP Management reports 8.8% beneficial ownership of the voting stock of Signet Jewelers as of October 5, 2016 - SEC filing.  Full Article

Abrams Bison Partners, L.P. reports 6 pct stake in Signet Jewelers Ltd - SEC Filing
Friday, 23 Sep 2016 

:Abrams Bison Partners, L.P. reports stake of 6 pct in Signet Jewelers Ltd as of Sept 13 - SEC Filing.  Full Article

Fitch downgrades Signet's IDR to 'BB+'; Outlook stable
Thursday, 25 Aug 2016 

:Fitch downgrades Signet's IDR to 'BB+'; Outlook stable.  Full Article

BRIEF-Signet Jewelers CEO's 2018 Compensation $13.6 Million

* SIGNET JEWELERS LTD SAYS CEO VIRGINIA DROSOS' TOTAL COMPENSATION FOR 2018 WAS $13.6 MILLION - SEC FILING Source text (https://bit.ly/2JcGTxU) Further company coverage: