Signet Jewelers Ltd. (NYSE:SIG) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a report issued on Monday. They presently have a $86.00 price objective on the stock. Vetr‘s price objective would suggest a potential downside of 4.02% from the company’s current price.

Several other analysts have also recently commented on the stock. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $102.00 price target (down previously from $119.00) on shares of Signet Jewelers in a research note on Sunday, August 28th. Royal Bank Of Canada decreased their price target on shares of Signet Jewelers from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Cowen and Company reiterated an “outperform” rating and issued a $96.00 price target (down previously from $130.00) on shares of Signet Jewelers in a research note on Friday, August 26th. Telsey Advisory Group decreased their price target on shares of Signet Jewelers from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $100.00 price target (down previously from $120.00) on shares of Signet Jewelers in a research note on Sunday, August 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $107.25.

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Shares of Signet Jewelers (NYSE:SIG) opened at 89.60 on Monday. The company has a 50 day moving average price of $80.49 and a 200 day moving average price of $88.02. The company has a market capitalization of $6.77 billion, a PE ratio of 13.65 and a beta of 1.17. Signet Jewelers has a 1-year low of $72.65 and a 1-year high of $141.98.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, August 25th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.45 by $0.31. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 EPS. Equities analysts predict that Signet Jewelers will post $7.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, October 28th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. Signet Jewelers’s dividend payout ratio is currently 15.90%.

Institutional investors have recently modified their holdings of the company. SRB Corp increased its position in Signet Jewelers by 27.0% in the third quarter. SRB Corp now owns 1,654 shares of the company’s stock worth $123,000 after buying an additional 352 shares in the last quarter. Pacer Advisors Inc. increased its position in Signet Jewelers by 6.8% in the second quarter. Pacer Advisors Inc. now owns 1,561 shares of the company’s stock worth $129,000 after buying an additional 100 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in Signet Jewelers during the third quarter worth about $146,000. MU Investments Co. Ltd. acquired a new position in Signet Jewelers during the second quarter worth about $148,000. Finally, Toronto Dominion Bank increased its position in Signet Jewelers by 429.6% in the third quarter. Toronto Dominion Bank now owns 2,198 shares of the company’s stock worth $164,000 after buying an additional 1,783 shares in the last quarter.

Signet Jewelers Company Profile

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

5 Day Chart for NYSE:SIG

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