Zales Owner Signet Jewelers Launches Advanced Share Buyback, Reducing Debt Ratio [BNN Bloomberg (Canada)]
Signet Jewelers Limited Common Shares (SIG)
Last signet jewelers limited common shares earnings: 3/26 06:50 am
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signetjewelers.com/investors/default.aspx
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Source: BNN Bloomberg
Signet Holdings Ltd. will pay around $414 million in cash to repurchase half of the convertible preferred shares from investor Leonard Green & Partners, a Los Angeles-based private equity firm that invested in the jeweler in 2016. The shares would have converted to common in November. The company will pay for the transaction using cash, Signet said in a statement Wednesday. “Our financial strength allows us to take care of it with our cash on hand,” Signet Chief Executive Officer Gina Drosos said in an interview. “With this repurchase, we're creating even more flexibility to invest and return cash to shareholders.” The company also amended the terms applicable to the remaining preferred shares, the value of which Signet can now deliver at its discretion in cash, shares or a combination thereof. Under the previous terms, settlement had to be in cash. The buyback and amendment will reduce Signet's share count, leading the company to increase its earnings outlook for the current f
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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