Signet Jewelers (SIG): Valuation Pressure May Continue - Cowen

August 26, 2016 6:32 AM EDT
Get Alerts SIG Hot Sheet
Price: $80.91 --0%

Rating Summary:
    17 Buy, 7 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 13 | New: 10
Trade SIG Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Cowen analyst, Oliver Chen, reiterated his Outperform rating on Signet Jewelers (NYSE: SIG) after the company missed 2Q comps & guided FY17 down ~-13% on FY comps of -2.5% to -1.0% implying neg. 2H comps. Problems driving weaker outlook were numerous, including: oil market weakness neg. impacting regional demand, election year uncertainty, & Brexit. Meanwhile, the Jared comp of -7.6% shows fundamental issues as SIG works to drive better customer segmentation.

The price target drops to $96 from $130 on 11x revised FY18E EPS.

For an analyst ratings summary and ratings history on Signet Jewelers click here. For more ratings news on Signet Jewelers click here.

Shares of Signet Jewelers closed at $83.44 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change, Earnings

Related Entities

Cowen & Co

Add Your Comment