Company profile

Ticker
SIG
Exchange
CEO
Virginia C. Drosos
Employees
Location
Fiscal year end
Industry (SEC)
Former names
Signet Group PLC
SEC CIK

SIG stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

26 Mar 20
6 Apr 20
1 Feb 21

News

Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Revenue 2.15B 1.19B 1.36B 1.43B
Net income 178.8M -43.7M -44.3M -18.2M
Diluted EPS 3.14 -0.84 -0.86 -0.35
Net profit margin 8.30% -3.68% -3.25% -1.27%
Operating income 223.2M -39.9M -22.4M -2.6M
Net change in cash 185.9M -82.9M 76.4M -300K
Cash on hand 374.5M 188.6M 271.5M 195.1M
Cost of revenue 1.25B 818.6M 901.3M 932.3M
Annual (USD) Feb 20 Jan 17 Jan 16 Jan 15
Revenue 6.14B 6.41B 6.55B 5.74B
Net income 105.5M 543.2M 467.9M 381.3M
Diluted EPS 1.4 7.08 5.87 4.75
Net profit margin 1.72% 8.48% 7.14% 6.65%
Operating income 158.3M 763.2M 703.7M 576.6M
Net change in cash 275.8M -39M -55.9M
Cash on hand 374.5M 98.7M 137.7M 193.6M
Cost of revenue 3.9B 4.05B 4.11B 3.66B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
27 Mar 20 Hilson Joan M Common Shares, par value $0.18 Buy Aquire P 8.57 7,500 64.28K 39,543
27 Mar 20 Stitzer H. Todd Common Shares, par value $0.18 Buy Aquire P 8.084 12,235 98.91K 49,870
27 Mar 20 Edelman Oded Common Shares, par value $0.18 Buy Aquire P 8.5297 35,000 298.54K 125,398
18 Mar 20 Hilson Joan M Common Shares, par value $0.18 Payment of exercise Dispose F 8.35 1,084 9.05K 32,043
13F holders
Current Prev Q Change
Total holders 210 201 +4.5%
Opened positions 41 38 +7.9%
Closed positions 32 36 -11.1%
Increased positions 71 75 -5.3%
Reduced positions 68 52 +30.8%
13F shares
Current Prev Q Change
Total value 1.31B 1.01B +29.6%
Total shares 60.44M 60.43M +0.0%
Total puts 6.22M 4.95M +25.6%
Total calls 6.39M 6.78M -5.6%
Total put/call ratio 1.0 0.7 +33.1%
Largest owners
Shares Value Change
BLK BlackRock 8.38M $182.19M +1.6%
Vanguard 5.86M $127.5M -0.2%
Capital Research Global Investors 4.78M $103.95M -15.8%
Causeway Capital Management 3.84M $83.49M +51.7%
Alliancebernstein 3.82M $83.02M -2.2%
Dimensional Fund Advisors 3M $65.33M -4.6%
Select Equity 1.91M $41.53M -10.6%
STT State Street 1.82M $39.56M -0.6%
RY Royal Bank of Canada 1.69M $36.73M +22.6%
Capital Growth Management 1.65M $35.76M NEW
Largest transactions
Shares Bought/sold Change
Capital Growth Management 1.65M +1.65M NEW
Causeway Capital Management 3.84M +1.31M +51.7%
FMR 1.29M +1.07M +479.2%
Capital Research Global Investors 4.78M -898.08K -15.8%
Aqr Capital Management 746.95K -832.29K -52.7%
Norges Bank 790.45K +790.45K NEW
Maverick Capital 0 -761.83K EXIT
Squarepoint Ops 64.43K -704.78K -91.6%
Two Sigma Investments 214.48K -652.88K -75.3%
Merian Global Investors 0 -497.22K EXIT

Financial report summary

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Risks
  • The recent outbreak of COVID-19 has had a significant impact on the Company’s business to date in Fiscal 2021, and this outbreak, as well as other public health crises or disease outbreaks, epidemics or pandemics, could adversely impact Signet’s business, financial condition, results of operations and cash flows.
  • A decline in consumer spending may unfavorably impact Signet’s future sales and earnings, particularly if such decline occurs during the Holiday Season.
  • Any deterioration in consumers’ financial position, changes to the regulatory requirements regarding the granting of credit to customers or disruption in the availability of credit to customers could adversely impact the Company’s sales, earnings and the collectability of accounts receivable.
  • Signet’s share price may be volatile due to Signet’s results and financial condition or factors impacting the market overall, which could have a short or long-term adverse impact on an investment in Signet stock.
  • The Company’s ability to borrow is important to its operations and financial covenants, credit ratings and interest rate volatility could all impact the availability of such debt and could adversely impact the Company’s financial results.
  • Global economic conditions and regulatory changes following the UK’s exit from the European Union could adversely impact Signet’s business and results of operations located in, or closely associated with, the UK.
  • Fluctuations in foreign exchange rates could adversely impact the Company’s results of operations and financial condition.
  • Fluctuations in the pricing and availability of commodities, particularly polished diamonds and gold, which account for the majority of Signet’s merchandise costs, could adversely impact its earnings and cash availability.
  • Pursuant to the Dodd-Frank Act and SEC rules, Signet must file public disclosures regarding the country of origin of certain supplies, which could damage Signet’s reputation or impact the Company’s ability to obtain merchandise if customers or other stakeholders react negatively to Signet’s disclosures.
  • Signet’s sales, operating income, cash and inventory levels fluctuate on a seasonal basis.
  • Failure to manage inventory levels or to obtain merchandise that customers wish to purchase on a timely basis could have a materially adverse impact on sales and earnings.
  • New tariffs, if imposed on goods that the Company imports, could have a material adverse effect on the Company’s results of operations.
  • Signet depends on manufacturers and suppliers to provide it with sufficient quantities of quality products in a timely fashion.
  • Signet’s pricing compared to competitors, the increased price transparency in the market and the highly fragmented competitive nature of the retail jewelry industry, may have an adverse impact on Signet’s performance.
  • An inability to successfully develop and maintain a relevant OmniChannel experience for customers, failure to anticipate changing fashion trends in the jewelry industry, and poor execution of marketing programs and management of social media could result in a loss of confidence by consumers in Signet’s brand names and have an adverse impact on sales.
  • Long-term changes in consumer attitudes toward jewelry could be unfavorable and harm jewelry sales.
  • The Company’s inability to optimize its real estate footprint could adversely impact sales and earnings.
  • The Company’s ability to satisfy the accounting requirements for “hedge accounting,” or the default or insolvency of a counterparty to a hedging contract, as well as changes in estimates, assumptions or applications in other or new accounting policies, could adversely impact results.
  • The Company’s ability to recruit, train, motivate and retain suitably qualified sales associates could adversely impact sales and earnings.
  • Signet’s success is dependent on the strength and effectiveness of its relationships with its various stakeholders whose behavior may be affected by its management of social, ethical and environmental risks.
  • Inadequacies in and disruption to systems could result in lower sales and increased costs or adversely impact the reporting and control procedures.
  • Security breaches and other disruptions to Signet’s information technology infrastructure and databases and failure of Signet’s customer-facing technology to function as intended or in accordance with applicable law could interfere with Signet’s operations, and could compromise Signet’s and its customers’ and suppliers’ information or cause other harm, exposing Signet to possible business interruptions and liability, which would have a material adverse effect on Signet’s business and reputation.
  • The Company’s exposure to legal proceedings, tax matters, and/or regulatory or other investigations could reduce earnings and cash, as well as negatively impact debt covenants, leverage ratios and its reputation and divert management attention.
  • Failure to comply with labor regulations could adversely affect the Company’s business.
  • Collective bargaining activity could disrupt the Company’s operations, increase labor costs or interfere with the ability of management to focus on executing business strategies.
  • The Company’s ability to comply with laws and regulations and adapt to changes thereto could adversely affect its business.
  • Changes in existing taxation laws, rules or practices may adversely affect the Company’s financial results.
  • International laws and regulations and foreign taxes could impact Signet’s ability to continue sourcing and manufacturing materials for its products on a global scale.
  • Investors may face difficulties in enforcing proceedings against Signet Jewelers Limited as it is domiciled in Bermuda.
  • Any difficulty or delay in executing or integrating an acquisition, a business combination or a major business or strategic initiative may result in expected returns and other projected benefits from such an exercise not being realized.
  • The Company’s ability to protect intellectual property or its physical assets could have a material adverse impact on its brands, reputation and operating results.
  • If the Company’s goodwill or indefinite-lived intangible assets become impaired, the Company may be required to record significant charges to earnings.
  • Recent changes in the Company’s executive management team or the loss of additional key executive officers or employees could be disruptive to, or cause uncertainty in, its business or adversely impact performance.
  • Signet’s business could be adversely affected by extreme weather conditions, natural disasters, or terrorism and acts of war.
Management Discussion
  • Similar to many other retailers, Signet follows the retail 4-4-5 reporting calendar, which included an extra week in the fourth quarter of Fiscal 2018 (the “53rd week”). The 53rd week added $84.3 million in net sales and increased diluted earnings per share by approximately $0.12 for both the fourth quarter and full year Fiscal 2018. Both Fiscal 2020 and Fiscal 2019 were 52 week reporting periods.
  • Same store sales growth is calculated by comparison of sales in stores that were open in both the current and the prior fiscal year. Sales from stores that have been open for less than 12 months are excluded from the comparison until their 12-month anniversary. Sales after the 12-month anniversary are compared against the equivalent prior period sales within the comparable store sales comparison. Stores
  • closed in the current financial period are included up to the date of closure and the comparative period is correspondingly adjusted. Stores that have been relocated or expanded, but remain within the same local geographic area, are included within the comparison with no adjustment to either the current or comparative period. Stores that have been refurbished are also included within the comparison except for the period when the refurbishment was taking place, when those stores are excluded from the comparison both for the current year and for the comparative period. Comparisons at the divisional level are made in local currency and consolidated comparisons are made at constant exchange rates and exclude the effect of exchange rate movements by recalculating the prior period results as if they had been generated at the weighted average exchange rate for the current period. eCommerce sales are included in the calculation of same store sales for the period and the comparative figures from the anniversary of the launch of the relevant website. Same store sales exclude the 53rd week in the fiscal year in which it occurs. Management considers same store sales useful as it is a major benchmark used by investors to judge performance within the retail industry.
Content analysis ?
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