Instinet Raises Price Target on Signet Jewelers (SIG) to $100; Reiterates Buy
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Signet Jewelers Reports Third Quarter Financial Results
November 22, 2016 6:55 AM ESTHAMILTON, Bermuda--(BUSINESS WIRE)-- Signet Jewelers Limited (Signet) (NYSE: SIG), the world's largest retailer of diamond jewelry, today announced its results for the 13 weeks ended October 29, 2016 (third quarter Fiscal 2017).
Summary:
Same store sales ("SSS") down 2.0%. Total sales $1.2 billion down 2.5%. Total sales at constant exchange rate down 0.5%. Third quarter Fiscal 2017 diluted earnings per common share ("EPS") $0.20. Adjusted EPS $0.30. Zale integration continues to progress well. Signet to deliver cumulative synergies of $158 million to $175 million by end of this fiscal year and $225 million to $250 million by end of next fiscal... More
