June 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Signet Jewelers Ltd. (NYSE:SIG) shares over potential securities laws violations by Signet Jewelers Ltd. (NYSE:SIG and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Signet Jewelers Ltd. (NYSE:SIG) concerning whether a series of statements by Signet Jewelers Ltd. (NYSE:SIG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Signet Jewelers Ltd. (NYSE:SIG) grew from $71.43 per share in Janaury 2014 to as high as $150.94 per share in October 2015.

Signet Jewelers Ltd. reported that its Total Revenue rose from over $4.2 billion for the 52 weeks period that ended on February 1, 2014 to over $6.55 billion for the 52 weeks period that ended on January 30, 2016 and that its respective Net Income increased from $368 million to $467 million.


On June 2, 2016, a report was issued raising concerns about the extent to which Signet Jewelers Ltd. used its credit operations to boost sales, and also referenced a previously published story on Buzzfeed about customers of the Company's Kay Jewelers stores complaining that their diamonds had been unknowingly replaced with lesser-quality gems.

Shares of Signet Jewelers Ltd. (NYSE:SIG) declined on June 2, 2016 to as low as $84.80 per share.