Barclays Maintains an 'Equalweight' on Signet Jewelers (SIG); 3Q11 Preview
Tweet
Share
E-mailGet Alerts SIG Hot Sheet
Price: $81.37 +0.43%
Rating Summary:
13 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
13 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Signet Jewelers (NYSE: SIG) price target of $49.00.
Barclays analyst says, "We are expecting EPS of $0.21, in line with consensus. We are expecting revenues to increase 6.2% to $681.7 million consisting of an 11.0% comp increase in the U.S., and a comp decrease of (3.0)% in the U.K. We believe that top line momentum experienced in 2Q11 likely carried through to the third quarter, particularly in the U.S. At the company's Investor Day on October 4, 2011, they reported that comps had been solid QTD, in line with 2Q performance, which was up 9.9%. The company noted doubt digit increase in the first eight weeks of Q3 at both Jared and Kay."
SIG to report 3Q11 on Tuesday, November 22, before the open.
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 $44.86 yesterday.
Barclays analyst says, "We are expecting EPS of $0.21, in line with consensus. We are expecting revenues to increase 6.2% to $681.7 million consisting of an 11.0% comp increase in the U.S., and a comp decrease of (3.0)% in the U.K. We believe that top line momentum experienced in 2Q11 likely carried through to the third quarter, particularly in the U.S. At the company's Investor Day on October 4, 2011, they reported that comps had been solid QTD, in line with 2Q performance, which was up 9.9%. The company noted doubt digit increase in the first eight weeks of Q3 at both Jared and Kay."
SIG to report 3Q11 on Tuesday, November 22, before the open.
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 $44.86 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Emkay Global Starts Urban Company (URBANCO:IN) at Buy (1)
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Kotak Upgrades Narayana Hrudayalaya Ltd (NARH:IN) to Buy (1)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
