SIG

Signet Jewelers Ltd

Consumer


Presented:11/17/2016
Price:$92.12
Cap:$7.11B
Current Price:$99.53
Cap:$4.38B

Presented

Date11/17/2016
Price$92.12
Market Cap$7.11B
Ent Value$8.24B
P/E Ratio14.09x
Book Value$38.09
Div Yield0.01%
Shares O/S77.20M
Ave Daily Vol1,566,380
Short Int17.45%

Current

Price$99.53
Market Cap$4.38B
Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following divisions: Sterling Jewelers, Zale and UK Jewelry. The Sterling Jewelers division stores operate in malls and off-mall locations, such as Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry and Jared Vault. The Zale division consists of Zale Jewelry and Piercing Pagoda. The UK Jewelry division stores operate in shopping malls and off-mall locations, includes H.Samuel and Ernest Jones. The company was founded in 1949 and is headquartered in Hamilton, Bermuda.

Publicly traded companies mentioned herein: Signet Jewelers Ltd (SIG)

Highlights

The presenter is long shares of Signet (SIG), describing the story as a “straightforward self-help thesis” that’s defensive and resilient to ecommerce threats. He believes the bear story surrounding alleged diamond swapping is unfounded, and sees upside in activist involvement around SIG’s credits receivables portfolio. With sales “heading in the right direction,” the presenter sees SIG shares appreciating to $120 - $140.

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Idea Discussion

Commentor 1 - 2 weeks ago

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