Signet Jewelers Ltd. (NYSE:SIG) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are covering the company. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $106.63.

A number of analysts have recently commented on SIG shares. Deutsche Bank AG cut their price objective on shares of Signet Jewelers from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. RBC Capital Markets reissued an “outperform” rating and issued a $100.00 price objective (down previously from $120.00) on shares of Signet Jewelers in a research report on Sunday, August 28th. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. started coverage on shares of Signet Jewelers in a research report on Wednesday, September 28th. They issued an “outperform” rating and a $87.00 price objective on the stock. Finally, Vetr raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating and set a $91.00 price objective on the stock in a research report on Monday, September 12th.

Shares of Signet Jewelers (NYSE:SIG) opened at 93.07 on Wednesday. Signet Jewelers has a 52-week low of $72.65 and a 52-week high of $135.59. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 14.18 and a beta of 1.17. The firm has a 50-day moving average of $84.26 and a 200 day moving average of $86.70.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The company earned $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Signet Jewelers had a net margin of 7.93% and a return on equity of 18.39%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Analysts predict that Signet Jewelers will post $6.98 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Global Endowment Management LP increased its position in Signet Jewelers by 0.3% in the third quarter. Global Endowment Management LP now owns 3,510 shares of the company’s stock valued at $261,000 after buying an additional 10 shares in the last quarter. Calvert Investment Management Inc. increased its position in Signet Jewelers by 0.3% in the second quarter. Calvert Investment Management Inc. now owns 4,723 shares of the company’s stock valued at $389,000 after buying an additional 13 shares in the last quarter. World Asset Management Inc increased its position in Signet Jewelers by 0.5% in the second quarter. World Asset Management Inc now owns 7,788 shares of the company’s stock valued at $642,000 after buying an additional 42 shares in the last quarter. Regentatlantic Capital LLC increased its position in Signet Jewelers by 0.9% in the third quarter. Regentatlantic Capital LLC now owns 5,007 shares of the company’s stock valued at $373,000 after buying an additional 45 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Signet Jewelers by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 2,389 shares of the company’s stock valued at $197,000 after buying an additional 46 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.

5 Day Chart for NYSE:SIG

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