SIG

Signet Jewelers Limited

Consumer


Presented:03/03/2014
Price:$95.39
Cap:$7.65B
Current Price:$99.53
Cap:$4.38B

Presented

Date03/03/2014
Price$95.39
Market Cap$7.65B
Ent Value$7.61B
P/E Ratio29.2x
Book Value$32.95
Div Yield0.6%
Shares O/S80.22M
Ave Daily Vol1,360,000
Short Int3.28%

Current

Price$99.53
Market Cap$4.38B
Signet Jewelers Limited engages in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company operates through US and UK divisions. As of February 2, 2013, the US division operated a network of 1,443 stores in 50 states, including stores that trade nationally in malls and off-mall locations as ‘Kay Jewelers’, and regionally under the mall-based brands; and destination superstores under the ‘Jared The Galleria Of Jewelry’ brand, as well as Ultra stores. The UK division operated a network of 511 stores, including 14 stores in the Republic of Ireland and 3 in the Channel Islands under the ‘H.Samuel’, ‘Ernest Jones’, and ‘Leslie Davis’ trade names in regional shopping malls and high street locations. Signet Jewelers Limited was founded in 1950 and is based in Hamilton, Bermuda.

Highlights

The presenter believes that combined synergies related to Signet’s announced deal to acquire competitor Zale (ZLC) could far exceed both management guidance and Street expectations. With improving free cash flow conversion stemming from the company’s decision to finance the deal in part with its credit receivables, as well as the potential to lower its effective tax rate by way of re-domiciling, shares could see 30% or more upside from here.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.