Signet Jewelers Ltd (NYSE:SIG), based in Hamilton, Bermuda, stock hiked following better-than-projects lift in fiscal Q4 profit due to strong sales expansion in the United States and modest boost observed in the United Kingdom.
Quarterly results of the company got benefit from similar store sales expansion at its Kay and Jared brands. The company offered its earnings outlook for the Q1, with comparable store sales forecasted to lift 5% to 7%. Signet Jewelers also reported a 25% boost in its quarterly dividend.
The specialty retail jeweler announced sales of $1.51 billion for fiscal Q4, high 12% from $1.35 billion in the same period a year ago.
Thomson Reuters analysts survey most recently forecasted sales of $1.49 billion for three months period.
Signet announced net income of $171.8 million or $2.12 a share for the quarter, evaluated against $156.6 million or $1.79 a share in previous year.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Zale Corporation (NYSE:ZLC) rose +0.77% to settle at $3.93, Tiffany & Co. (NYSE:TIF) moved up +1.64% to end at $69.54 while Blue Nile Inc (NASDAQ:NILE) plunged -1.49% to finish at $34.45 on Thursday.
Signet Jewelers Ltd. (NYSE:SIG) last session’s volume of 2.17 million shares was surprisingly higher than its average volume of 543,140 shares. The stock after opening at $66.55 hit high price of $69.41 and then closed at $67.00 by scoring +5.90%.
The liquidity measure in recent quarter results of the company was recorded 3.53 as current ratio. The Company had total cash of $166.00 million at hand and a book value per share as $26.71 in the most recent quarter.
The stock’s price volatility was 2.72% for a week and 2.19% for a month as well as price volatility’s Average True Range for 14 days was 1.69 and its beta remained at 2.05.
SIG generated revenue of $3.82 billion in the previous twelve months and earned $344.70 million. The Company showed a positive 9.01% in the net profit margin as well as in its operating margin which remained at 14.04%. Company’s annual sales growth for the past five years was 1.26%.
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