Signet Jewelers Limited (SIG) PT Raised to $72.00
Signet Jewelers Limited (NYSE:SIG) had its price objective increased by investment analysts at Buckingham Research from $55.00 to $72.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. Buckingham Research’s price objective would suggest a potential downside of 2.40% from the stock’s previous close.
SIG has been the subject of several other reports. Needham & Company LLC increased their price objective on Signet Jewelers Limited from $69.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 price objective on shares of Signet Jewelers Limited in a report on Thursday, October 5th. Northcoast Research reiterated a “neutral” rating on shares of Signet Jewelers Limited in a report on Friday, September 29th. Cowen and Company reiterated a “market perform” rating and set a $67.00 price objective (up from $61.00) on shares of Signet Jewelers Limited in a report on Tuesday, September 12th. Finally, ValuEngine upgraded Signet Jewelers Limited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Signet Jewelers Limited has an average rating of “Hold” and an average price target of $70.60.
Signet Jewelers Limited (NYSE:SIG) traded up $1.36 on Tuesday, hitting $73.77. The stock had a trading volume of 2,677,400 shares, compared to its average volume of 1,745,183. The stock has a market capitalization of $4,460.00, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.35 and a beta of 1.03. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.40 and a quick ratio of 1.14.
Signet Jewelers Limited (NYSE:SIG) last released its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. equities analysts expect that Signet Jewelers Limited will post 7.14 earnings per share for the current year.
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Several large investors have recently modified their holdings of SIG. Vanguard Group Inc. grew its position in Signet Jewelers Limited by 1.5% during the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after buying an additional 97,075 shares in the last quarter. Capital Research Global Investors lifted its stake in Signet Jewelers Limited by 1.7% during the second quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock worth $340,063,000 after purchasing an additional 88,336 shares during the period. BlackRock Inc. lifted its stake in Signet Jewelers Limited by 6.6% during the second quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after purchasing an additional 272,979 shares during the period. State Street Corp lifted its stake in Signet Jewelers Limited by 2.1% during the second quarter. State Street Corp now owns 3,365,495 shares of the company’s stock worth $212,841,000 after purchasing an additional 69,756 shares during the period. Finally, Investec Asset Management LTD lifted its stake in Signet Jewelers Limited by 14.1% during the second quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock worth $120,335,000 after purchasing an additional 235,207 shares during the period.
Signet Jewelers Limited Company Profile
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.
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