Signet Jewelers (NYSE:SIG) Price Target Raised to $16.00

Share on StockTwits

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

Several other analysts have also recently commented on the company. ValuEngine cut Signet Jewelers from a hold rating to a sell rating in a research report on Friday, November 1st. Bank of America reduced their price target on Signet Jewelers from $20.00 to $16.00 and set a neutral rating for the company in a research report on Friday, September 6th. Citigroup decreased their price target on Signet Jewelers from $17.00 to $12.00 and set a sell rating for the company in a research note on Friday, September 6th. Telsey Advisory Group increased their price target on Signet Jewelers from $14.00 to $20.00 and gave the stock an outperform rating in a research note on Friday. Finally, Zacks Investment Research raised Signet Jewelers from a sell rating to a hold rating and set a $15.00 price target on the stock in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $16.67.

Signet Jewelers stock opened at $20.58 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.30 and a current ratio of 2.12. Signet Jewelers has a one year low of $10.40 and a one year high of $42.28. The company has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $16.77. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.96 and a beta of 1.03.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.76) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.07) by $0.31. Signet Jewelers had a negative net margin of 3.09% and a positive return on equity of 20.27%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted ($1.06) EPS. Signet Jewelers’s quarterly revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Signet Jewelers will post 3.31 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its position in Signet Jewelers by 36.6% in the first quarter. First Trust Advisors LP now owns 30,144 shares of the company’s stock worth $819,000 after acquiring an additional 8,069 shares in the last quarter. Arizona State Retirement System boosted its holdings in Signet Jewelers by 1.6% during the second quarter. Arizona State Retirement System now owns 37,879 shares of the company’s stock worth $677,000 after buying an additional 603 shares in the last quarter. Strs Ohio grew its position in Signet Jewelers by 29.9% in the second quarter. Strs Ohio now owns 44,700 shares of the company’s stock worth $799,000 after buying an additional 10,300 shares during the last quarter. Dupont Capital Management Corp grew its position in Signet Jewelers by 40.7% in the second quarter. Dupont Capital Management Corp now owns 29,489 shares of the company’s stock worth $527,000 after buying an additional 8,528 shares during the last quarter. Finally, Aperio Group LLC grew its position in Signet Jewelers by 36.6% in the second quarter. Aperio Group LLC now owns 33,336 shares of the company’s stock worth $596,000 after buying an additional 8,929 shares during the last quarter.

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.

Further Reading: 52 Week Highs and Lows

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.