Today, Citigroup Inc. Reiterates Neutral Rating for Signet Jewelers Ltd. (SIG)

Today, Citigroup Inc. Reiterates Neutral Rating for Signet Jewelers Ltd. (SIG)
Signet Jewelers Ltd. (NYSE:SIG)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Saturday. They presently have a $90.00 price objective on the stock, up from their previous price objective of $83.00. Citigroup Inc.’s price target indicates a potential downside of 3.30% from the stock’s current price.

A number of other brokerages have also issued reports on SIG. Nomura raised their target price on Signet Jewelers from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank AG reduced their target price on Signet Jewelers from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, August 23rd. Vetr lowered Signet Jewelers from a “hold” rating to a “sell” rating and set a $86.00 target price for the company. in a research note on Monday, November 14th. Finally, Wells Fargo & Co. set a $103.00 target price on Signet Jewelers and gave the stock a “buy” rating in a research note on Saturday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. Signet Jewelers has a consensus rating of “Hold” and a consensus target price of $106.78.

Shares of Signet Jewelers (NYSE:SIG) opened at 93.07 on Friday. The stock has a market capitalization of $7.04 billion, a P/E ratio of 14.18 and a beta of 1.17. Signet Jewelers has a 52-week low of $72.65 and a 52-week high of $135.59. The company has a 50 day moving average price of $84.26 and a 200-day moving average price of $86.70.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.10. The company earned $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Signet Jewelers had a return on equity of 18.39% and a net margin of 7.93%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, analysts predict that Signet Jewelers will post $6.98 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Signet Jewelers by 427.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,128,618 shares of the company’s stock valued at $307,706,000 after buying an additional 3,345,862 shares during the last quarter. Nicholas Co. Inc. WI boosted its stake in Signet Jewelers by 885.3% in the second quarter. Nicholas Co. Inc. WI now owns 1,082,895 shares of the company’s stock valued at $89,241,000 after buying an additional 972,995 shares during the last quarter. Farallon Capital Management LLC boosted its stake in Signet Jewelers by 47.0% in the second quarter. Farallon Capital Management LLC now owns 2,812,471 shares of the company’s stock valued at $231,776,000 after buying an additional 899,618 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Signet Jewelers by 154.4% in the second quarter. Point72 Asset Management L.P. now owns 1,063,000 shares of the company’s stock valued at $87,602,000 after buying an additional 645,100 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Signet Jewelers by 6,001.0% in the second quarter. Canada Pension Plan Investment Board now owns 640,600 shares of the company’s stock valued at $52,792,000 after buying an additional 630,100 shares during the last quarter. Institutional investors own 98.55% of the company’s stock.

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