RADNOR, Pa., Jan. 17, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Signet Jewelers Limited (NYSE: SIG) ("Signet").On January 14, 2025, Signet reported disappointing results for its holiday sales for the ten weeks ended January 11, 2025 and lowered its guidance for fourth quarter of fiscal year 2025. Specifically, Signet revealed that the company now expects same- ...

Diamond jewelry retailer Signet Jewelers SIG is the subject of a new short report that comes as shares trade near 52-week lows after the company lowered fourth-quarter guidance.Here's why The Bear Cave predicts more trouble ahead.Signet's Increased Competition: The latest Bear Cave short report targets the diamond jewelry company on the thesis that lab grown diamonds will continue to cut into Signet's market share."The Bear Cave believes today's youth and future generations will shift towards lab-grown diam ...

Signet Jewelers Limited (SIG) , the largest retailer of diamond jewelry globally, released its preliminary sales results for the 10 weeks ending Jan. 11, 2025, covering the holiday season. The company, which owns well-known brands like Jared, Zales and Kay Jewelers, experienced a decline in same-store sales during the holiday season. Softer-than-expected sales compelled management to trim its fourth-quarter fiscal 2025 view. As a result, shares of Signet nosedived 21.7% during the trading session yesterday. ...

Shares of Signet Jewelers (SIG -23.32%) were taking a dive after the company gave a disappointing update to the key holiday quarter and cut its forecast for the fourth quarter.As a result, the stock was down 25.6% on the news as of 11:47 a.m. ET. Signet comes up shortSignet, which is the world's largest retailer of diamond jewelry, said that same-store sales were down 2% through the first 10 weeks of the quarter, which ended on Jan. 11.The company now expects same-store sales to decline 2% to 2.5% for the f ...

Signet Jewelers Investigation - Block & Leviton is investigating Signet Jewelers Ltd (NYSE: SIG) for potential securities law violations following a significant drop in share price [2] - Signet Jewelers' shares fell over 20% in intraday trading on January 14, 2025, after disappointing holiday sales and reduced full-year guidance [4] - The company's performance contrasts with optimistic remarks made during its December 5, 2024, earnings call, where management expressed confidence in holiday strategy and consumer demand [4] Investor Eligibility - Investors who purchased Signet Jewelers common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they have sold their investment [3] Block & Leviton's Role - Block & Leviton is investigating whether Signet Jewelers committed securities law violations and may file an action to recover losses on behalf of affected investors [5] - The firm is recognized as a leading securities class action firm, having recovered billions of dollars for defrauded investors through active litigation in federal courts [8] Whistleblower Information - Individuals with non-public information about Signet Jewelers are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, which may offer rewards of up to 30% of any successful recovery [7] Next Steps for Investors - Investors who have lost money on their Signet Jewelers investment should contact Block & Leviton via their case website, email, or phone to learn more about potential recovery options [6]

Company Performance - Shares of Signet Jewelers (SIG) plunged 22% after the company cut its guidance due to weak holiday demand [1] - Signet's preliminary same-store sales for the 10 weeks ending Jan 11 were down about 2% [1] - The company lowered its fourth-quarter sales estimate to $2.32 billion to $2.335 billion from the previous outlook of $2.38 to $2.46 billion [2] - Signet sees same-store sales down 2.5% to 2.0%, reduced from the earlier prediction of flat to 3% higher [2] - Signet Jewelers shares sank to their lowest level since October 2022 [3] Market Trends - Fashion gifting underperformed as consumers gravitated to lower price points even more than anticipated in a continued competitive environment [2][4] - Merchandise margin rose less than expected due to lower fashion mix and a stronger customer response to promotional items [2] Financial Impact - Signet Jewelers reported weak holiday sales and cut its fourth-quarter guidance, sending shares tumbling more than 20% [4]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Signet Jewelers Ltd (NYSE:SIG) slashed its sales and earnings outlook for the fourth quarter, citing a dismal holiday shopping season. Same-store sales saw a 2% year-over year drop for the quarter, as consumers turned to more affordable gifts and opted for lab-grown diamonds. SIG is down 18.6% to trade at $60.34 at last glance, trading at their lowest level since June and on track for its biggest single-day percentage drop since March 2020. The shares already carry a 36.8% year-over-year deficit, and are no ...

Signet Jewelers (SIG -1.19%) stock wasn't exactly a jewel of an investment as 2024 bowed out. The specialty retailer's share price eroded by almost 20% in December, which, as it covers the holiday period, often proves to be a boon for the sector. But investors were discouraged by the company's latest set of quarterly earnings, and a subsequent price target cut from an analyst only highlighted the disappointment.A lack of lusterSignet, a tightly focused conglomerate that owns the Zales, Kay, and Jared brands ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Signet (SIG) .Signet currently has an average brokerage recommend ...