|Bid||13.98 x 900|
|Ask||14.08 x 900|
|Day's Range||12.84 - 14.69|
|52 Week Range||5.60 - 31.44|
|Beta (5Y Monthly)||2.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep. 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan. 30, 2020|
|1y Target Est||9.00|
Q1 2021 Signet Jewelers Ltd Earnings Call
Shares of Signet Jewelers (NYSE: SIG) were down on Wednesday after a pessimistic note from a Wall Street analyst following the company's disappointing earnings report on Tuesday. As of 12:30 p.m. EDT, Signet's shares were down about 9.7% from Tuesday's closing price. While its adjusted loss of $1.59 per share was narrower than Wall Street had expected, its revenue in the quarter ending May 2 fell short of analysts' forecasts.
Signet Jewelers (NYSE: SIG) said hundreds of stores that operate under the Zales, Jared, and Kay Jeweler banners in the U.S. and the U.K. will not reopen while hundreds of others, many in shopping malls, will also be shut down. The retailer's stores have long been a fixture of the shopping mall, but several years ago Signet began reducing its presence in Class D malls, lower-tier malls where tenants generate fewer sales per square foot and have high numbers of vacancies. During Signet's first-quarter earnings conference call with analysts yesterday, CEO Virginia Drosos said the current economic climate now has it looking to further reduce its exposure to Class B and C malls, too.