Signet Jewelers Ltd
It Was a Festive Holiday Season for Signet Jewelers
On January 7, 2016, Signet Jewelers (SIG), the world’s largest retailer of diamond jewelry, announced its broad-based success in the holiday season with revenue of $1.9 billion.
What’s the Outlook for Signet’s Margins?
Signet’s (SIG) margins have been hampered by lower sales and increased promotions.
Tiffany’s Fiscal 4Q17 Earnings Beat Estimates, Challenges Ahead
Tiffany & Company (TIF) reported stronger-than-expected fiscal 4Q17 earnings results on March 16, 2018.
Like Signet, Tiffany Also Reports Disappointing Holiday Sales
On January 18, Tiffany (TIF) reported weaker-than-expected sales numbers for the key holiday season.
How Tiffany Stacks up to Peers in Profitability
Lower sales and increased competition are pressuring jewelry retailers’ profitability, while adverse currency movements are putting dents in company margins.
Tiffany on the Street: Analyst Ratings and Valuations
Of the 26 analysts covering Tiffany stock, 42.0% rated it a “buy” as of April 3, 2017, while 54.0% rated it a “hold,” and one (4.0%) rated it a “sell.”
Signet’s Big Earnings Beat Increased Its Shares
On August 30, Signet Jewelers (SIG) shares were trading ~15% higher during the pre-market session following its strong second fiscal quarter results.
Tiffany Stock Surges on News of Acquisition Bid
Tiffany stock surged after the company confirmed on October 28 that LVMH Moët Hennessy – Louis Vuitton had made an acquisition offer.
State of the Jewelry Industry in 2015: Growth and Challenges
Trends shaping the jewelry industry include Increasing demand for branded jewelry and an increased focus on e-commerce sales.
Why Tiffany Stock Plunged
Tiffany (TIF) disappointed investors with its comparable-store sales numbers in 1Q17. After results were announced, the company’s stock plunged ~9%.
Signet Jewelers Continues to Disappoint on Sales
Signet Jewelers (SIG) reported sales of $2.3 billion in fiscal 4Q18. The company’s sales were ahead of analysts’ expectation.
Tiffany’s Competitive Position: Porter’s Five Forces Analysis
Porter’s Five Forces model suggests that there are five forces that determine the attractiveness and long-term profitability of an industry or a sector.
Analyzing Tiffany’s Largest Segment: The Americas
Tiffany & Co.’s Americas segment includes sales from company-operated retail stores in the United States, Canada, Mexico, and Brazil.
What to Expect from Tiffany’s Sales in Fiscal 3Q17
Wall Street analysts expect Tiffany & Co. (TIF) to report sales of $1.0 billion in fiscal 3Q17, which reflects a marginal improvement of 0.6% YoY.
Hurdles in Tiffany’s Growth: Weaknesses and Threats
Since it’s a luxury brand, Tiffany & Co.’s products are priced high, with no promotions. Thus, Tiffany products may be out of reach for many customers.
Why Tiffany & Co. Is More Profitable than Its Competitors
Since 2006, Tiffany’s margins have been on the higher side compared to its peers, including Signet Jewelers and Fossil, in the retail jewelry industry.
Why Tiffany and Signet Stocks Are Losing Their Sheen
Shares of Tiffany & Co. (TIF) and Signet Jewelers (SIG) have taken significant hits recently due to a variety of factors.
Key Dates for Consumer Stocks: September 18–22, 2017
On September 12, Independent Research cut the target price for Altria Group (MO) to $68 from $70 with a “hold” rating.
Why Tiffany Is Spending More on Marketing
Tiffany has been increasing its advertising expenses. In fiscal 2015, it spent $284 million on advertising, marketing, and public and media relations.
Signet Jeweler’s Market Positioning in the Retail Jewelry Industry
Total retail jewelry sales in the US grew at a CAGR of 4.4%, reaching $74.7 billion in 2014. Fine jewelry sales grew at a CAGR of 5%, reaching ~$69 billion.
What’s behind Signet’s Sharp Stock Decline?
On a year-to-date basis, Signet stock has fallen ~43% as of June 6, 2017, making it one of the worst performers among S&P 500 (SPX) stocks.
Why Tiffany Faces Slower Growth in 2015
Tiffany is experiencing the negative effects of the strong US dollar. The dollar’s continued strengthening may lead to slower growth for the jewelry market.
What Analysts Recommend for Signet before Q1 Results
Most of the analysts providing recommendations for Signet Jewelers (SIG) stock are maintaining a “hold” rating.
Signet Jewelers and Illumina Rose on November 27
Signet Jewelers (SIG), the world’s largest diamond jewelry retailer, was the S&P 500’s second-best performer on November 27.
A Look at Signet’s Q3 2019 Performance
Signet Jewelers’ (SIG) reported net sales of $1.19 billion came in ahead of analysts’ estimate of $1.16 billion.
A Look at the Consumer Sector’s Earnings
The Illinois-based beauty retailer Ulta Beauty (ULTA) plans to announce its 4Q17 earnings results on March 15.
Signet Jewelers’ Core Strength: Exclusive Merchandise Offerings
Signet Jewelers has taken on several merchandise initiatives in 2015. It expects its “Ever Us” offering to become a new trend in the jewelry industry.
Can Signet Jewelers’ Profitability Continue to Improve in 3Q16?
In the previous quarter, Signet reported an increase in profitability. In 2Q16, Signet reported gross and operating margins of 34.8% and 7.2%, respectively.
Signet Jewelers: Analysts Maintain a ‘Neutral’ Outlook
Of the 13 analysts providing the ratings on Signet Jewelers stock, 83.0% recommended a “hold” and 17.0% recommended a “buy.”
Signet Stock Drops Over 14% on Weak Q1 Performance
Signet Jewelers (NYSE:SIG) stock dropped over 14% in the morning trade following the company’s weak performance in the first quarter of fiscal 2021.
Why Did Signet Stock Fall About 13%?
Wells Fargo analyst Ike Boruchow downgraded Signet stock to “underweight” from “equal weight.” Also, analysts cut the target price to $12 from $16.
Signet Stock Jumps on Q3 Earnings Beat
Signet Jewelers posted better-than-expected fiscal 2020 third-quarter results today, marking its eighth consecutive quarter of beating analysts’ estimates.
Could Q3 Earnings Boost Signet Jewelers Stock?
Signet Jewelers plans to announce its Q3 of fiscal 2020 earnings before the markets open on December 5. We expect its revenues and earnings to be subdued.
Signet Stock Rose Due to Q2 Beat: Time to Exit?
Signet stock closed about 27% higher. The company’s second-quarter results beat analysts’ forecast. Investors should use the recovery in the stock to exit.
Will Signet Stock Get a Boost from Its Q1 Beat?
Signet Jewelers (SIG) stock is expected to benefit from its better-than-expected performance in the first quarter of fiscal 2020.
Signet Jewelers Beats Q1 Estimates
On June 6, Signet Jewelers (SIG) posted better-than-expected fiscal 2020 first-quarter results.
Signet Jewelers: Why Its Q1 Results Might Be Disappointing
Signet Jewelers (SIG) is scheduled to announce its first-quarter results before the markets open on June 6.
Are US-China Trade Tensions Taking a Toll on Jewelers?
Tiffany (TIF) and Signet Jewelers (SIG) fell 6.8% and 11.9%, respectively, on May 13.
Signet Beats Q4 2019 Estimates, Stock Rises
On April 3, Signet Jewelers (SIG) posted better-than-expected earnings results for the fourth quarter of fiscal 2019.
Why We Don’t Expect Too Many Surprises from Signet’s Q4 Results
Signet Jewelers (SIG) is expected to report weak fourth-quarter results on April 3.
What Wall Street Recommends for TIF and SIG
Among the 28 analysts covering Tiffany stock, 16 have given it “buys,” and 12 have given it “holds.”
What Analysts Recommend for TIF and SIG
Of the 28 analysts providing recommendations on Tiffany (TIF) stock, 16 analysts maintain a “buy” rating, 11 analysts suggest a “hold,” and one analyst has a “sell” rating.
Could These Jewelry Stocks See Further Growth?
Tiffany (TIF) and Signet Jewelers (SIG) have impressed investors with their financial performances in the first half of 2018.
What’s behind the Stellar Growth in Tiffany’s Bottom Line?
Tiffany’s (TIF) fiscal second-quarter EPS of $1.17 rose 27.2% YoY and handily surpassed analysts’ expectation of $1.01.
Is Signet Stock Losing Steam before Its Second-Quarter Earnings?
Signet Jewelers is set to report its second fiscal quarter earnings on August 30. Analysts expect Signet Jewelers to report net sales of $1.3 billion.
Signet Jewelers’ Surprise Q1 2019 Profit: Stock Rises 18.5%
Signet Jewelers (SIG) reported its fiscal first quarter 2019 results on June 6, and the stock rose 18.5%.
Analysts Maintain a Favorable Outlook on Tiffany
Most analysts maintain a favorable outlook on Tiffany & Company (TIF) stock.
Signet Jewelers Stock Nosedives Due to Weak 4Q18 Results
Signet Jewelers (SIG) reported better-than-expected fiscal 4Q18 results on March 14. The company’s sales and EPS were ahead of analysts’ expectations.
Will Tiffany’s Stock Return to Growth on Q4 Earnings?
Tiffany’s (TIF) is scheduled to announce its fiscal 4Q17 results on March 16, 2018.
Mylan: How Its Performance Contributed to Its Valuation
In this final series of our three-part series, we’ll be looking at the last seven stocks among the top 18 cheap stocks in the S&P 500 for 2018.
Could Analysts Lower Their Target Prices on SIG Stock?
Of the 13 analysts covering Signet Jewelers (SIG) stock, 69.0% recommended a “hold,” and 31.0% maintained a “buy” rating.
Signet Jewelers Stock Loses Shine, Falls 30.4% on Weak 3Q Results
Signet Jewelers (SIG) stock fell 30.4% on November 21, reporting a loss of $0.10 per share in fiscal 3Q18. Analysts expected SIG to post a profit of $0.10 per share.
Analyst Recommendations and Valuations for TIF Stock
Analysts have a consensus rating of 2.4 for Tiffany stock. Of the 26 analysts covering TIF, 46.0% recommend a “buy,” and 54.0% maintain a “hold” as of August 18, 2017.
Can Tiffany Stock Rise after Fiscal 2Q17 Results?
Tiffany (TIF) will report its fiscal 2Q17 earnings on August 24, 2017. The stock has risen 13.7% YTD as of August 18 and has outperformed Signet Jewelers (SIG) and the S&P 500.
Why Tiffany’s Fiscal 1Q17 Sales Missed Wall Street Estimates
Tiffany’s (TIF) fiscal 1Q17 sales of $0.9 billion fell short of Wall Street’s consensus estimate but rose ~1% driven by growth in fashion jewelry and increased sales in mainland China (FXI).
Tiffany Beat EPS Expectations despite Soft Sales
Tiffany (TIF) reported its fiscal 1Q17 results on May 24, 2017. The company’s EPS (earnings per share) of $0.74 surpassed analysts’ estimate of $0.70.
Assessing Signet Jewelers’ Market Valuation
As of January 8, 2016, Signet Jewelers was trading at the highest forward PE multiple compared to its peers, including Tiffany and Fossil Group.
Signet Jewelers’ Ever Us Is Setting Trend for Jewelry Industry
Signet launched a new collection called Ever Us in October 2015. It’s meant to meet the need for jewelry that represents the bond between two people.
Assessing Tiffany’s Market Valuation Relative to the S&P 500
Tiffany is trading at a higher multiple than its peers Signet and Fossil and at a higher valuation relative to SPY and the Dow Jones Industrial Average.
An Overview of Tiffany’s Capital Allocations
Tiffany’s capital expenditure was 5.8% of its sales in fiscal 2015. Signet Jewelers, Fossil, and Pandora had capex-to-sales ratios of 3.8%, 2.7%, and 2.4%.
Weighing Tiffany’s Strengths and Opportunities
In April 2015, Tiffany launched its vintage-inspired CT60 watch collection, considering the growth opportunities in the global luxury timepiece market.
Weighing Tiffany’s Debt Burden and Leverage
Tiffany had total debt of $1.1 billion on its balance sheet in fiscal 2015, which for the company ended on January 31, 2015.
Low Inventory Turnover Is a Concern at Tiffany & Co.
At the end of fiscal 2015, Tiffany had a total inventory of $2.4 billion and inventory turnover of 0.73x, implying potential low sales and excess inventory.
Analyzing Tiffany & Co.’s International Segments
Tiffany & Co. has presences to differing degrees in the Asia-Pacific, Japan, Europe, and Other regions.
Analyzing Tiffany’s Key Strategic Objectives
Tiffany’s key strategic objectives for growth include expanding marketing communications, opening stores in key markets, and enhancing in-store experience.
A Must-Know Business Overview of Tiffany & Co.
Tiffany & Co. is a holding company that operates through its subsidiary companies. The most notable is Tiffany & Company, a jeweler and specialty retailer.
Evaluating Signet Jeweler’s Marketing Strategies and Initiatives
Signet Jewelers’ well-known, exclusive brands aim to influence consumers in their buying decisions. Sterling Jewelers thus provides 32% branded assortments.
Why Signet Jewelers Prioritizes E-Commerce as a Growth Driver
Signet acknowledges the value of e-commerce growth and its ability to maximize in-store experiences. Signet has thus integrated its website with its stores.
Weighing Signet Jewelers’ Debt against Competitors
Signet Jewelers, the largest specialty retail jeweler in the US, the UK, and Canada, had a debt of $1.5 billion on its balance sheet in fiscal 2015.
Signet Jewelers’ Aim to Improve Vertical Integration and Supply Chain
Signet aims to advance its vertical integration, including the sourcing and manufacturing of rough diamonds, which should help improve its supply chain.
Mutual Funds: A Comparative Analysis Using the Sortino Ratio
The Sharpe ratio can sometimes be unfavorable for stocks that have high upside volatility. To prevent this, we can use the Sortino ratio.
A Snapshot of Signet Jewelers’ Divisions and Product Offerings
Signet Jewelers operates under three divisions: the Sterling Jewelers division, the Zale division, and the UK Jewelry division.
A Sparkling Performance: Key Investor Guide to Signet Jewelers
Signet Jewelers operates through 100% owned subsidiaries with a presence in the US, the UK, and Canada. It has ~3,600 stores under various name brands.
Tiffany’s position with Davidson Kempner gets lowered
Davidson Kempner lowered its position in Tiffany & Co. (TIF), which accounted for 0.68% of the fund’s 3Q14 portfolio.
Davidson Kempner adds position in Allegion
Davidson Kempner added to its position in Allegion Plc (ALLE), which accounted for 0.82% of the fund’s 3Q14 portfolio.