This Value Stock Just Surprised Investors With a Monster Buyback. Is It a Buy? [Yahoo! Finance]
Signet Jewelers Limited Common Shares (SIG)
Last signet jewelers limited common shares earnings: 3/26 06:50 am
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US:NYSE Investor Relations:
signetjewelers.com/investors/default.aspx
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Source: Yahoo! Finance
with a share buyback and raised its guidance to adjust for the diminished share count. As a result of the buyback, the company is raising its adjusted earnings-per-share guidance from $9.08-$10.48 to $9.90-$11.52, and it will provide an additional boost to fiscal 2026 earnings as it benefits from a full year of a reduced share count. What's happening here Signet made an agreement with private equity firm Leonard Green & Partners (LGP), which had taken a preferred equity stake in the company in 2016, to repurchase half of LGP's 8.2 million shares in the retailer. As a result, Signet is repurchasing 4.1 million for $414 million, based on the share price as of April 1. Following that transaction, LGP's stake will have a stated value of $328 million, on which it earns a 5% dividend. That transaction will reduce Signet's diluted share count by 7.6%, and Signet will use cash from the $1.4 billion it has on its balance sheet. Signet will also record an $83 million reduction in net in
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SIG
News
- World's Largest Fashion Jewelry Maker Bets Big On Lab-Grown Diamonds—As Demand Dulls For Natural Stones [Forbes]Forbes
- Jared Launches Exclusive Le Vian Tramonto D'Oro™ Collection Just in Time for Mother's Day [Yahoo! Finance]Yahoo! Finance
- Signet Jewelers Limited (NYSE: SIG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Is Signet Jewelers (SIG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Signet Jewelers (NYSE:SIG) Is Increasing Its Dividend To $0.29 [Yahoo! Finance]Yahoo! Finance
SIG
Earnings
- 3/20/24 - Beat
SIG
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- SIG's page on the SEC website