Signet Jewelers Limited (SIG) Research Coverage Started at Susquehanna Bancshares Inc

Equities research analysts at Susquehanna Bancshares Inc started coverage on shares of Signet Jewelers Limited (NYSE:SIG) in a research note issued on Thursday, November 2nd, MarketBeat reports. The brokerage set a “neutral” rating and a $60.00 price target on the stock. Susquehanna Bancshares Inc’s target price would indicate a potential downside of 18.63% from the stock’s previous close.

Several other research firms have also recently issued reports on SIG. Wells Fargo & Company set a $97.00 price objective on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Wednesday, August 23rd. Nomura set a $70.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Needham & Company LLC set a $69.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Buckingham Research restated a “neutral” rating and issued a $51.00 price target on shares of Signet Jewelers Limited in a research report on Saturday, August 26th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $70.60.

Shares of Signet Jewelers Limited (NYSE:SIG) traded up $1.33 during trading hours on Thursday, hitting $73.74. 1,408,762 shares of the company’s stock traded hands, compared to its average volume of 1,740,948. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46. The firm has a market capitalization of $4,201.37, a price-to-earnings ratio of 10.39, a P/E/G ratio of 1.30 and a beta of 1.03. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.32.

Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. Signet Jewelers Limited’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share. sell-side analysts anticipate that Signet Jewelers Limited will post 7.14 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. grew its position in Signet Jewelers Limited by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock worth $446,000 after purchasing an additional 19 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Signet Jewelers Limited by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock valued at $525,000 after acquiring an additional 46 shares in the last quarter. M&T Bank Corp boosted its position in shares of Signet Jewelers Limited by 0.8% during the 2nd quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock valued at $452,000 after acquiring an additional 59 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Signet Jewelers Limited by 5.6% during the 2nd 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 in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Signet Jewelers Limited by 1.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock valued at $329,000 after acquiring an additional 91 shares in the last quarter.

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.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

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