Signet Jewelers Ltd. (SIG) Given Outperform Rating at Wells Fargo & Co.
Wells Fargo & Co. reiterated their outperform rating on shares of Signet Jewelers Ltd. (NYSE:SIG) in a report released on Monday. They currently have a $109.00 target price on the stock, up from their prior target price of $102.50.
A number of other research firms also recently issued reports on SIG. Nomura set a $100.00 target price on shares of Signet Jewelers and gave the company a buy rating in a research report on Wednesday, November 23rd. Zacks Investment Research upgraded shares of Signet Jewelers from a sell rating to a hold rating in a research report on Friday. Citigroup Inc. restated a neutral rating and set a $90.00 target price (up from $83.00) on shares of Signet Jewelers in a research report on Saturday. Deutsche Bank AG cut their target price 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. Finally, Vetr downgraded shares of Signet Jewelers from a hold rating to a sell rating and set a $86.00 target price on the stock. in a research report on Monday, November 14th. 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 company. The company has a consensus rating of Hold and an average price target of $107.19.
Signet Jewelers (NYSE:SIG) opened at 92.24 on Monday. The company’s 50-day moving average is $84.61 and its 200-day moving average is $86.33. The stock has a market capitalization of $6.97 billion, a P/E ratio of 14.06 and a beta of 1.17. Signet Jewelers has a 12 month low of $72.65 and a 12 month high of $135.59.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Signet Jewelers had a net margin of 7.93% and a return on equity of 19.67%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue was down 2.5% on a year-over-year basis. Equities analysts anticipate that Signet Jewelers will post $6.98 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new position in Signet Jewelers during the third quarter valued at $655,000. ETRADE Capital Management LLC boosted its position in Signet Jewelers by 36.8% in the third quarter. ETRADE Capital Management LLC now owns 4,904 shares of the company’s stock valued at $365,000 after buying an additional 1,320 shares in the last quarter. Brinker Capital Inc. purchased a new position in Signet Jewelers during the third quarter valued at $211,000. Piedmont Investment Advisors LLC purchased a new position in Signet Jewelers during the third quarter valued at $380,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Signet Jewelers by 427.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,128,618 shares of the company’s stock valued at $307,706,000 after buying an additional 3,345,862 shares in the last quarter. 98.92% of the stock is owned by institutional investors.
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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