Citigroup Inc. reiterated their neutral rating on shares of Signet Jewelers Ltd. (NYSE:SIG) in a research report sent to investors on Saturday morning. They currently have a $90.00 target price on the stock, up from their prior target price of $83.00.

A number of other research firms also recently weighed in on SIG. Nomura upped their target price on Signet Jewelers from $95.00 to $100.00 and gave the stock a buy rating in a report on Wednesday. Zacks Investment Research upgraded Signet Jewelers from a sell rating to a hold rating in a research note on Friday. Deutsche Bank AG cut their price target on Signet Jewelers from $150.00 to $140.00 and set a buy rating on the stock in a research note on Tuesday, August 23rd. Vetr downgraded Signet Jewelers from a hold rating to a sell rating and set a $86.00 price target on the stock. in a research note on Monday, November 14th. Finally, Wells Fargo & Co. set a $103.00 price target on Signet Jewelers and gave the stock a buy rating in a research note on Saturday, November 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $106.78.

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Shares of Signet Jewelers (NYSE:SIG) opened at 93.07 on Friday. The company 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 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 posted its earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Signet Jewelers had a return on equity of 18.39% and a net margin of 7.93%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts forecast that Signet Jewelers will post $6.98 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of SIG. Global Endowment Management LP raised 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. raised 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 raised 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 raised 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. raised 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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