Barclays Maintains an 'Equalweight' on Signet Jewelers (SIG); 2Q11 Preview

Barclays maintains an 'Equalweight' on Signet Jewelers (NYSE: SIG) price target of $49.00.

Barclays analyst says, "Signet Jewelers will report 2Q11 EPS on Thursday, August 25, before the market open. We are expecting EPS of $0.56. We are expecting revenues to increase 8.9% to $784.0 million consisting of a 13% comp increase in the U.S., and flat comps in the U.K. We believe that top-line momentum experienced in Q1 likely carried through to the second quarter, particularly in the U.S., where we are expecting a slight acceleration from the 12.5% comp increase posted in 1Q11."

For more ratings news on Signet Jewelers click here and for the rating history of Signet Jewelers click here.

Shares of Signet Jewelers closed at $31.88 yesterday.

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