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SIG

Signet Jewelers

07:42
07/18/17
07/18
07:42
07/18/17
07:42

Signet Jewelers shares undervalued, says Nomura Instinet

Nomura Instinet analyst Simeon Siegel said new CEO Gina Drosos brings potential change and there is an opportunity to bolster and revitalize its image with a thoughtful approach. Siegel sees plenty of room for shares to grow and views Signet as undervalued, and reiterated his Buy rating and $70 price target.

SIG Signet Jewelers

06/07/17
BOFA
06/07/17
NO CHANGE
Target $75
BOFA
Buy
Signet Jewelers' long-term market opportunity is compelling, says BofA/Merrill
BofA/Merrill analyst Lorraine Hutchinson said Signet Jewelers is currently in a challenging sales period, but believes positive Mother's Day period comp suggests the beginning of comp stabilization. The analyst thinks Signet's long-term market share opportunity is "compelling" and said if earnings can rebound by 8% to $8 and the multiple moves in line with peers, shares can almost double. Hutchinson rates Signet a Buy with a $75 price target.
05/30/17
NOMU
05/30/17
NO CHANGE
Target $70
NOMU
Buy
Signet Jewelers' model remains attractive, says at Nomura Instinet
Nomura Instinet analyst Simeon Siegel said Signet Jewelers' announced multi-stage credit book sale is a step in the right direction of de-risking the balance sheet, but investors were hoping for a complete sale. Siegel said Signet shares are pricing in "draconian" downside and believes the model remains attractive and reiterates a Buy rating, but lowers his price target to $70 from $92 on weaker-than-expected Q1 earnings.
05/26/17
05/26/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Ulta Beauty (ULTA) downgraded to Neutral on balanced risk/reward at Buckingham with the firm citing more balanced risk/reward at current levels and raised its price target to $330 from $325. 2. JinkoSolar (JKS) was downgraded to Sell from Neutral at Citi and to Underweight from Overweight at Morgan Stanley. 3. Signet Jewelers (SIG) downgraded to Neutral from Buy at CL King with the firm citing lack of catalysts. 4. TripAdvisor (TRIP) downgraded to Underperform from Neutral at Macquarie with analyst Matthew Brooks saying the "best days" may be over for TripAdvisor and believes Google (GOOGL) is at the "top of the travel funnel." 5. Shire (SHPG) downgraded to Market Perform from Outperform at Bernstein with analyst Aaron Gal saying he believes risks to longer term earnings from competition and slowing Vyvanse sales are not being factored into consensus estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/26/17
SPHN
05/26/17
NO CHANGE
Target $38
SPHN
Overweight
Stephens suggests pair trade of long Aaron's, short Synchrony
Stephens analyst Vincent Caintic noted that Aaron's (AAN) won of the subprime portion of Signet Jewelers' (SIG) outsourcing of its credit portfolio, with Alliance Data (ADS) winning the prime portfolio, and he thinks there may be more upside to Aaron's revenues from this deal than Signet's financials suggest. Based on his belief that subprime consumer lenders are outperforming prime lenders, he suggests a pair trade of Aaron's long against Synchrony (SYF). Caintic has an Overweight rating and $38 price target on Aaron's shares.

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