Signet Group..A Stock to Watch? JB News Feed

Specialty jewelry retailer Signet Group reported solid half-year numbers recently, but its stock still trades near a 52-week low.

Trading at less than 12 times profits and sporting a 3.7 percent dividend yield, it is starting to become an attractive value play in comparison to its competitors.

Signet reported a 5.1 percent increase in earnings per share, on a 9.2 percent rise in total sales. Operating profits rose by 4.1 percent year over year. These improvements enabled the company to increase its dividend by 7.5 percent. On the downside, gross profit margins slipped, due to rising commodity costs and a change in the sales mix.

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Posted by Posted by Jewelry News at Wednesday, October 10, 2007 7:53 AM
Categories: Jewelry Industry News, Signet Group
 

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