Signet Jewelers Ltd. (NYSE:SIG) – Equities research analysts at Clsa Americas upped their Q4 2017 EPS estimates for Signet Jewelers in a research report issued on Tuesday. Clsa Americas analyst R. Patel now expects that the brokerage will post earnings per share of $4.10 for the quarter, up from their previous forecast of $3.94. Clsa Americas also issued estimates for Signet Jewelers’ Q1 2018 earnings at $2.01 EPS, Q2 2018 earnings at $1.31 EPS, Q3 2018 earnings at $0.39 EPS and Q4 2018 earnings at $4.58 EPS.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The firm had revenue of $1.19 billion for 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 business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS.
Other equities research analysts have also issued research reports about the company. Johnson Rice lowered Signet Jewelers from a “buy” rating to an “accumulate” rating in a research report on Monday, August 29th. Nomura restated a “buy” rating and set a $104.00 target price on shares of Signet Jewelers in a research report on Monday, August 29th. Deutsche Bank AG cut their target price on Signet Jewelers from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. Vetr lowered Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $91.00 target price on the stock. in a research report on Wednesday, August 31st. Finally, Bank of America Corp. restated a “buy” rating and set a $110.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $106.34.
Signet Jewelers (NYSE:SIG) traded down 0.84% on Friday, hitting $93.07. The company had a trading volume of 490,016 shares. The stock has a market capitalization of $7.04 billion, a PE ratio of 14.18 and a beta of 1.17. Signet Jewelers has a one year low of $72.65 and a one year high of $135.83. The stock has a 50 day moving average of $83.86 and a 200-day moving average of $86.80.
Several hedge funds have recently modified their holdings of the stock. Oakbrook Investments LLC acquired a new stake in shares of Signet Jewelers during the second quarter worth approximately $356,000. LS Investment Advisors LLC increased its stake in Signet Jewelers by 6.1% in the second quarter. LS Investment Advisors LLC now owns 3,542 shares of the company’s stock worth $292,000 after buying an additional 205 shares in the last quarter. Addison Capital Co purchased a new stake in Signet Jewelers during the second quarter worth about $475,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Signet Jewelers during the second quarter worth about $948,000. Finally, Fox Run Management L.L.C. purchased a new stake in Signet Jewelers during the second quarter worth about $297,000. 98.55% of the stock is owned by institutional investors.
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