Signet Jewelers (NYSE:SIG) had its target price upped by Wells Fargo & Co from $13.00 to $16.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. They currently have a market perform rating on the stock.

SIG has been the subject of a number of other reports. Telsey Advisory Group upped their price objective on shares of Signet Jewelers from $14.00 to $20.00 and gave the stock an outperform rating in a report on Friday. Bank of America cut their target price on Signet Jewelers from $20.00 to $16.00 and set a neutral rating on the stock in a report on Friday, September 6th. Citigroup reduced their price target on Signet Jewelers from $17.00 to $12.00 and set a sell rating for the company in a research report on Friday, September 6th. ValuEngine cut Signet Jewelers from a hold rating to a sell rating in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded Signet Jewelers from a sell rating to a hold rating and set a $15.00 price target for the company in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $16.67.

SIG stock opened at $20.58 on Friday. The company has a quick ratio of 0.30, a current ratio of 2.12 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 5.43, a P/E/G ratio of 0.96 and a beta of 1.03. Signet Jewelers has a 12 month low of $10.40 and a 12 month high of $42.28. The firm has a 50 day moving average of $16.85 and a two-hundred day moving average of $16.77.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.76) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.07) by $0.31. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. Signet Jewelers had a negative net margin of 3.09% and a positive return on equity of 20.27%. Signet Jewelers’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.06) EPS. On average, research analysts expect that Signet Jewelers will post 3.31 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CenterStar Asset Management LLC boosted its stake in Signet Jewelers by 136.0% during the 2nd quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock valued at $29,000 after purchasing an additional 6,270 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Signet Jewelers by 105.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Rational Advisors LLC boosted its position in shares of Signet Jewelers by 277.1% in the third quarter. Rational Advisors LLC now owns 2,285 shares of the company’s stock valued at $38,000 after acquiring an additional 1,679 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Signet Jewelers in the second quarter worth $43,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Signet Jewelers in the third quarter worth $77,000.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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