Signet Jewelers Analysts Boost Their Forecasts After Strong Q4 Results
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Signet Jewelers (NYSE:SIG) reported strong Q4 results with adjusted EPS of $6.25, beating estimates. Revenue was $2.345 billion, slightly above expectations. The company raised its dividend by nearly 10% to 35 cents per share. For Q1, sales are expected between $1.53B-$1.57B, with analysts forecasting $1.559B. Despite the positive results, shares fell 1.5% to $88.20. Analysts from Wells Fargo and UBS adjusted their price targets to $100 and $126, respectively, maintaining their ratings on the stock.
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