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SIG

Signet Jewelers

$22.19

-0.525 (-2.31%)

09:14
04/23/19
04/23
09:14
04/23/19
09:14

Working at Signet meant 'unequal pay, harassment' for many women, NYT says

For thousands of women, working at the nation's largest jewelry retailer meant unequal pay, harassment or worse, The New York Times' Taffy Brodesser-Akner reports. The author spoke to former Signet's Sterling Jewelers employees and some current ones, around the country and what emerged was not just a list of individual horrors and degradations but "an accounting of the systems put in place that allowed the abuse to proliferate and kept it from ever becoming known either to the other women at the company or to the public." What emerged was a portrait of a company that the women said felt "all-powerful and was often vindictive to them," a company that was, at various times, described as "the Wolf of Wall Street," but for mall jewelry, and "the Gestapo meets Studio 54," the report notes. Reference Link

SIG Signet Jewelers
$22.19

-0.525 (-2.31%)

01/18/19
SBSH
01/18/19
DOWNGRADE
SBSH
Sell
Signet Jewelers downgraded to Sell from Neutral at Citi
Citi analyst Paul Lejuez downgraded Signet Jewelers to Sell.
01/18/19
NOMU
01/18/19
NO CHANGE
Target $26
NOMU
Neutral
Signet Jewelers price target lowered to $26 from $42 at Nomura Instinet
Nomura Instinet analyst Simeon Siegel lowered his price target for Signet Jewelers to $26 citing the company's "disappointing" holiday update. The analyst remains "wary of ongoing uncertainties across the business into next year" and keeps a Neutral rating on the shares.
01/18/19
SBSH
01/18/19
DOWNGRADE
Target $20
SBSH
Sell
Citi sees further downside in Signet Jewelers, downgrades to Sell
Citi analyst Paul Lejuez downgraded Signet Jewelers to Sell from Neutral and cut his price target for the shares to $20 from $41. In what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure, Lejuez tells investors in a research note. The analyst now believes Signet's earnings power is "even lower than we originally thought and what's currently being priced in." Further, Signet is one of the stocks most vulnerable in an economic slowdown, adds Lejuez. He sees further share downside despite yesterday's pullback.
01/18/19
01/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Signet Jewelers (SIG) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying in what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure. 2. Casa Systems (CASA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Hold from Buy at Stifel. 3. Sandy Spring Bancorp (SASR) downgraded to Hold from Buy at Sandler O'Neill and to Market Perform from Outperform at Keefe Bruyette. 4. Interpublic Group (IPG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Steven Cahall saying he expects the company's organic growth to decelerate in 2019 after "recent account losses," stating that after a "fantastic" organic growth rate of 4.6%, Interpublic Group is now facing tougher comps. 5. Nautilus (NLS) downgraded to Neutral from Buy at Sidoti, DA Davidson, and B. Riley FBR, as well as to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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