Why Signet Jewelers (SIG) Stock Is Gaining Today

NEW YORK (TheStreet) -- Signet Jewelers (SIG) was gaining 5.7% to $103.95 Thursday after beating analysts' expectations for earnings and revenue in the fiscal fourth quarter.

The owner of the Kay Jewelers chain reported earnings of $2.18 a share for the quarter, beating analysts' estimates of $2.15 a share by 3 cents. Revenue rose 3.3% from the year-ago quarter to $1.56 billion. Analysts surveyed by Thomson Reuters expected revenue of $1.55 billion for the quarter.

Same-store sales rose 4.3% in the quarter across all brands. For the Kay brand same-store sales grew 4.9%, while the Jared brand saw an increase of 4.1%. Regional brands saw a 3.1% decline in same-store sales, however.

Signet expects same-store sales growth of between 3% and 4% in the first quarter.

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TheStreet Ratings team rates SIGNET JEWELERS LTD as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate SIGNET JEWELERS LTD (SIG) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."

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