Signet Jewelers Ltd. (SIG) Given a $100.00 Price Target at Nomura
Signet Jewelers Ltd. (NYSE:SIG) has been given a $100.00 price target by analysts at Nomura in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Nomura’s price target would suggest a potential upside of 7.45% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Wells Fargo & Co. reissued an “outperform” rating and set a $102.50 target price on shares of Signet Jewelers in a report on Monday, November 21st. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Vetr cut Signet Jewelers from a “hold” rating to a “sell” rating and set a $86.00 price target on the stock. in a report on Monday, November 14th. assumed coverage on Signet Jewelers in a report on Wednesday, September 28th. They issued an “outperform” rating and a $87.00 price target on the stock. Finally, TheStreet cut Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $106.78.
Shares of Signet Jewelers (NYSE:SIG) traded down 0.84% during mid-day trading on Wednesday, hitting $93.07. The stock had a trading volume of 490,020 shares. The company has a market cap of $7.04 billion, a PE ratio of 14.18 and a beta of 1.17. The stock has a 50 day moving average price of $84.26 and a 200-day moving average price of $86.70. Signet Jewelers has a 52-week low of $72.65 and a 52-week high of $135.59.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, November 22nd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Signet Jewelers had a return on equity of 19.67% and a net margin of 7.93%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Signet Jewelers will post $6.98 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. SRB Corp boosted its stake in shares of 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. boosted its stake in shares of 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 stake in shares of Signet Jewelers during the third quarter worth about $146,000. MU Investments Co. Ltd. acquired a new stake in shares of Signet Jewelers during the second quarter worth about $148,000. Finally, Toronto Dominion Bank boosted its stake in shares of 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. Hedge funds and other institutional investors own 98.55% of the company’s stock.
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.
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