Signet Jewelers Limited (NYSE:SIG) was downgraded by Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday. They presently have a $60.00 price target on the stock, down from their prior price target of $75.00. Wells Fargo & Company’s price target would suggest a potential downside of 20.89% from the company’s current price.

SIG has been the subject of several other reports. BidaskClub raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Friday, August 25th. Buckingham Research reissued a “neutral” rating and set a $51.00 price objective on shares of Signet Jewelers Limited in a report on Saturday, August 26th. Cowen and Company reaffirmed a “market perform” rating and issued a $67.00 target price (up previously from $61.00) on shares of Signet Jewelers Limited in a report on Tuesday, September 12th. Finally, Zacks Investment Research lowered Signet Jewelers Limited from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $69.60.

Shares of Signet Jewelers Limited (NYSE SIG) traded down $0.74 during mid-day trading on Tuesday, reaching $75.84. The company had a trading volume of 2,826,000 shares, compared to its average volume of 1,755,126. Signet Jewelers Limited has a fifty-two week low of $46.09 and a fifty-two week high of $101.46. The company has a market capitalization of $4,630.00, a PE ratio of 11.45, a P/E/G ratio of 1.43 and a beta of 1.03. 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 announced its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts expect that Signet Jewelers Limited will post 7.14 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Commonwealth Bank of Australia grew 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 acquiring an additional 85 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new position in Signet Jewelers Limited in the second quarter valued at about $121,000. Tower Research Capital LLC TRC grew 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 acquiring an additional 335 shares during the period. Monroe Bank & Trust MI acquired a new position in Signet Jewelers Limited in the third quarter valued at about $179,000. Finally, GSA Capital Partners LLP acquired a new position in Signet Jewelers Limited in the third quarter valued at about $202,000.

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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