|Day's Range||242.8300 - 249.1500|
|52 Week Range||185.0200 - 266.2500|
|PE Ratio (TTM)||32.61|
|Earnings Date||Jul 19, 2017 - Jul 24, 2017|
|Dividend & Yield||2.08 (0.87%)|
|1y Target Est||271.00|
Shares of Signet Jewelers Ltd. fell in premarket trading Thursday as the jewelry store operator widely missed quarterly earnings expectations with same-store sales falling 11.5%, pressured by the later ...
PLANO, Texas, May 25, 2017 /PRNewswire/ -- Alliance Data Systems Corporation (ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and commercial credit programs, and Signet Jewelers (SIG), the largest specialty jewelry retailer in the U.S., signed an agreement under which Alliance Data will acquire prime-only credit quality accounts (balance weighted 700 FICO score) with a value of approximately $1 billion in receivables from Signet's existing credit card portfolio. In addition, the two companies entered into a long-term agreement where Alliance Data will become the primary issuer of private-label credit cards and related marketing services for Signet, building on its existing relationship with Zale brands (including Zales and Piercing Pagoda).
Alliance Data's inorganic background, strengthening its balance sheet to gain financial flexibility and share buybacks bodes well for long term growth and should drive the stock higher.