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Stock Market & Financial Investment News

News Breaks
March 27, 2014
11:19 EDTSIG, ZLC, TIF, NILESignet Jewelers hits 52-week high after quarterly results top estimates
Shares of specialty jeweler Signet Jewelers (SIG) are advancing after the company's fourth quarter results topped expectations. WHAT'S NEW: This morning, Signet Jewelers reported fourth quarter earnings per share of $2.18 and revenue of $1.56B, compared to expectations of $2.15 and $1.55B, respectively. The company reported Q4 same store sales rose 4.3%, with Kay brand SSS up 4.9%, Jared SSS up 4.1% and Regional brands SSS down 3.1%. WHAT'S NOTABLE: On February 19, Signet agreed to acquire Zale Corporation (ZLC) for $21.00 per share in cash. Signet Jewelers forecast Q1 EPS ex-acquisition costs of $1.24-$1.28, compared to consensus $1.28. The company sees acquisition costs impacting Q1 EPS by 10c-8c, resulting in total first quarter EPS in the range of $1.14-$1.20. The recently announced acquisition of Zale will result in the realization of incremental expenses prior to the close of the transaction, as the final close date is dependent upon Zale stockholder and regulatory approval and the satisfaction of closing conditions. Signet anticipates Q1 SSS to rise 3%-4%. The company also raised its quarterly dividend to 18c from 15c per share. PRICE ACTION: In late morning trading, Signet Jewelers rose $6.56, or 6.6%, to $104.87 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $107.38. The stock is up over 65% over the past twelve months. OTHERS TO WATCH: Other companies in the jewelry space include Tiffany & Co. (TIF) and Blue Nile (NILE).
News For SIG;ZLC;TIF;NILE From The Last 14 Days
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October 30, 2014
07:38 EDTNILEBlue Nile sees FY14 EPS 81c-86c, consensus 82c
Sees FY14 revenue $475M-$490M, consensus $475.41M.
07:37 EDTNILEBlue Nile sees Q4 EPS 42c-47c, consensus 43c
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07:36 EDTNILEBlue Nile reports Q3 EPS 14c, consensus 14c
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October 21, 2014
08:06 EDTSIGSignet Jewelers remains a top pick at Nomura
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October 20, 2014
11:40 EDTSIGSignet Jewelers management to meet with Sterne Agee
Group breakfast to be held in New York on October 24 hosted by Sterne Agee.
October 17, 2014
10:00 EDTTIF, SIGOn The Fly: Analyst Initiation Summary
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05:32 EDTTIFTiffany initiated with an Equal Weight at Barclays
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05:32 EDTSIGSignet Jewelers initiated with an Overweight at Barclays
Target $120.
October 16, 2014
10:01 EDTTIFOn The Fly: Analyst Upgrade Summary
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05:36 EDTTIFTiffany upgraded to Outperform from Neutral at Macquarie
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