Signet Jewelers Limited (NYSE:SIG)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wells Fargo & Company in a research note issued to investors on Thursday. They currently have a $75.00 price target on the stock, up from their previous price target of $70.00. Wells Fargo & Company’s price target indicates a potential upside of 19.66% from the stock’s previous close.

A number of other research analysts have also weighed in on SIG. Buckingham Research lowered shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $86.00 to $65.00 in a research note on Wednesday, May 24th. Telsey Advisory Group decreased their target price on shares of Signet Jewelers Limited from $75.00 to $58.00 and set a “market perform” rating on the stock in a research note on Friday, May 26th. CL King lowered shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a research note on Friday, May 26th. Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 target price (down from $65.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $72.13.

Shares of Signet Jewelers Limited (NYSE SIG) opened at 62.68 on Thursday. The company’s 50-day moving average price is $58.58 and its 200 day moving average price is $62.96. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The stock has a market capitalization of $4.29 billion, a PE ratio of 9.96 and a beta of 1.00. Signet Jewelers Limited also was the target of unusually large options trading activity on Wednesday. Stock traders acquired 13,585 put options on the company. This is an increase of 501% compared to the typical daily volume of 2,261 put options.

Signet Jewelers Limited (NYSE:SIG) last released its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $1.14 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Analysts anticipate that Signet Jewelers Limited will post $6.68 EPS for the current year.

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In related news, Director H. Todd Stitzer bought 2,090 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $47.91 per share, for a total transaction of $100,131.90. Following the acquisition, the director now owns 16,823 shares of the company’s stock, valued at $805,989.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Commonwealth Bank of Australia increased its stake in Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after buying an additional 85 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Signet Jewelers Limited during the first quarter valued at $115,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in Signet Jewelers Limited during the second quarter valued at $121,000. Tower Research Capital LLC TRC increased its stake in Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after buying an additional 335 shares during the period. Finally, James Investment Research Inc. bought a new stake in Signet Jewelers Limited during the first quarter valued at $133,000.

About Signet Jewelers Limited

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

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