NEW YORK (TheStreet) -- Shares of Signet Jewelersa are up 0.58% to $117.04 in pre-market trading after analysts ataDeutsche Banka increased its price targetato $125 from $115 with a "buy" rating. The firm cited the encouraging company guidance on Zale's contribution. Signet Jewelers acquired Zale's in May,aand reported a 39% jump in sales toato $1.23 billion in for the fiscal 2015 second quarter, up from $880.2 million for the same period one year ago, andaexceeding consensus estimates of $1.19 billion. Must Read: 50 Stocks Hedge Funds Love STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Excluding the items, Signet posted earnings of $1 per share, up 19% year over year andabeatingaanalysts' estimates of 98 cents a share for its second quarter. Separately, TheStreet Ratings team rates SIGNET JEWELERS LTD as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate SIGNET JEWELERS LTD (SIG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity." You can view the full analysis from the report here: SIG Ratings Report SIG data by YCharts EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE
Click to view a price quote on SIG. Click to research the Specialty Retail industry.
from Latest TSC Headlines http://ift.tt/1n3bX1e
No comments:
Post a Comment