We don't think Signet possesses a brand that commands pricing power.
We are keeping our no-moat rating and fair value estimate of $73 intact after Signet reported second-quarter sales that were 5% above our estimates and acquired R2Net, owner of online pure play JamesAllen.com. We plan to adjust our forecasts to reflect increasing investments in promotions and incorporate the acquisition--which would offset each other, leading to no change in our fair value estimate.ÂShares trade below our $ 73 fair value estimate; however, we note that investing comes with very...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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