Citigroup Inc. reiterated their neutral rating on shares of Signet Jewelers Ltd. (NYSE:SIG) in a report published on Saturday morning. Citigroup Inc. currently has a $90.00 price target on the stock, up from their previous price target of $83.00.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Signet Jewelers from a sell rating to a hold rating in a report on Friday. Nomura lifted their price objective on Signet Jewelers from $95.00 to $100.00 and gave the company a buy rating in a report on Wednesday. Wells Fargo & Co. reiterated an outperform rating and set a $102.50 price objective on shares of Signet Jewelers in a report on Monday, November 21st. Vetr cut Signet Jewelers from a hold rating to a sell rating and set a $86.00 price objective on the stock. in a report on Monday, November 14th. Finally, assumed coverage on Signet Jewelers in a report on Wednesday, September 28th. They set an outperform rating and a $87.00 price objective on the stock. 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 price target of $106.78.
Signet Jewelers (NYSE:SIG) opened at 93.07 on Friday. The firm’s 50-day moving average price is $84.26 and its 200 day moving average price is $86.70. The firm has a market cap of $7.04 billion, a P/E 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 $135.59.
Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Signet Jewelers had a return on equity of 18.39% and a net margin of 7.93%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.33 EPS. Signet Jewelers’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Signet Jewelers will post $6.98 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of SIG. Monarch Partners Asset Management LLC raised its position in Signet Jewelers by 11.2% in the second quarter. Monarch Partners Asset Management LLC now owns 115,879 shares of the company’s stock valued at $9,550,000 after buying an additional 11,702 shares during the period. Amica Pension Fund Board of Trustees bought a new position in Signet Jewelers during the second quarter valued at $1,362,000. Howard Hughes Medical Institute raised its position in Signet Jewelers by 45.5% in the second quarter. Howard Hughes Medical Institute now owns 47,672 shares of the company’s stock valued at $3,929,000 after buying an additional 14,911 shares during the period. Stoneridge Investment Partners LLC bought a new position in Signet Jewelers during the second quarter valued at $3,569,000. Finally, Springowl Associates LLC bought a new position in Signet Jewelers during the second quarter valued at $1,360,000. 98.55% of the stock is currently owned by hedge funds and other institutional investors.
About Signet Jewelers