SIG: Signet Jewelers Stock at New All-Time Highs

by Karl Utermohlen | March 27, 2014 2:34 pm

SIG: Signet Jewelers Stock at New All-Time Highs

Signet Jewelers (SIG[1]) saw its stock hit an all-time high following the company’s quarterly earnings report.

10259784565 648dd684c8 z 300x225 SIG: Signet Jewelers Stock at New All Time Highs[2]The company’s sales and earnings growth for the fiscal fourth quarter exceeded expectations[3]. The retailer posted a profit of $175.2 million for the quarter that ended on February 1–up from last year’s $171.8 million.

The jeweler’s profits for the fiscal year were $2.18 a share which exceeded the expected $2.12 to $2.16 earnings per share. Its revenue rose 3.4% to $1.56 billion–surpassing analysts’ expectations of $1.55 billion.

SIG stock is up a whopping 6.6% Thursday. Shares are now selling at $104.73, an all-time high.

Endnotes:
  1. SIG: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIG
  2. [Image]: http://investorplace.com/wp-content/uploads/2014/03/10259784565_648dd684c8_z.jpg
  3. exceeded expectations: http://online.wsj.com/news/articles/SB10001424052702304418404579464940712920798

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