Jewellery giant Signet announced Wednesday that it is buying its smaller cousin the Zale Corporation (NYSE:ZLC) for about $690 million, in a merger that would bring together the two largest jewellers in the Unites States. Zale Corporation (NYSE:ZLC) stock opened at $20.95 in last session, and closed at $21.04, while the day range of Zale Corporation (NYSE:ZLC) stock is $20.94 – $21.19. The stock showed a positive weekly performance of 43.52%.
There is sparkle everywhere, as Signet Jewellers Ltd (NYSE:SIG) entered into an agreement to buy Zale Corporation ( ZLC ) that would help both the companies to strengthen their position in the jewellery sector and tap new marketplaces. Signet Jewellers Ltd. (NYSE:SIG) stock opened at $95.19 in last session, and closed at $94.34 by gaining 0.13%. The 52 week range of $58.85 – $95.30. Company’s market capitalization is $7.54B.
Tiffany & Co. (NYSE:TIF) announced a quarterly dividend on Thursday, February 20th, AmericanBankingNews.com reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.34 per share on Thursday, April 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.52%. Tiffany & Co. (NYSE:TIF) stock decreased -0.18% and finished the last session at $89.28. The EPS of the stock remained 3.62. Company’s market capitalization is $11.43B.
Equities research analysts at Deutsche Bank reduced their price target on shares of Blue Nile Inc. (NASDAQ:NILE) from $52.00 to $43.00 in a research note issued to investors on Friday, AR Network reports. Deutsche Bank’s price target points to a potential upside of 26.47% from the stocks previous close. Blue Nile Inc. (NASDAQ:NILE) stock opened the session at $35.12, and closed the session at $34.90. The 52 week range of the Blue Nile Inc. (NASDAQ:NILE) stock remained $30.62 – $49.13 and the day range was $34.62 – $35.17.