Why Signet Jewelers Stock Triumphed on Tuesday
Signet Jewelers (NYSE: SIG) saw its stock rise on an otherwise unexceptional Tuesday for the market. Investors bid up the price of the jewelry retail conglomerate by nearly 3% after it revealed plans for a new, $50 million share repurchase program.
In a regulatory filing published late on Monday, Signet disclosed that it has retained white-shoe investment bank Goldman Sachs to enact a $50 million accelerated share repurchase (ASR) program. Under this initiative, Goldman is to deliver approximately 480,000 of these shares to Signet.
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Source Fool.com
Signet Jewelers Stock
€80.24
0.500%
Signet Jewelers is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
With a target price of 105 € there is a positive potential of 30.86% for Signet Jewelers compared to the current price of 80.24 €.
