Signet Jewelers Ltd. (NYSE:SIG) has been given an average recommendation of “Hold” by the twenty-one analysts that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $106.63.
A number of research analysts have weighed in on SIG shares. Zacks Investment Research lowered Signet Jewelers from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. 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 report on Tuesday, August 23rd. BNP Paribas lowered Signet Jewelers from an “outperform” rating to a “neutral” rating in a report on Thursday, September 8th. Cowen and Company lowered Signet Jewelers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $96.00 to $85.00 in a report on Tuesday, September 13th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $90.00 target price (up previously from $83.00) on shares of Signet Jewelers in a report on Saturday.
Hedge funds have recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new stake in shares of Signet Jewelers during the third quarter valued at about $655,000. ETRADE Capital Management LLC raised its stake in shares of Signet Jewelers by 36.8% in the third quarter. ETRADE Capital Management LLC now owns 4,904 shares of the company’s stock valued at $365,000 after buying an additional 1,320 shares in the last quarter. Brinker Capital Inc. bought a new stake in shares of Signet Jewelers during the third quarter valued at $211,000. Piedmont Investment Advisors LLC bought a new stake in shares of Signet Jewelers during the third quarter valued at $380,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of 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. 98.55% of the stock is owned by institutional investors and hedge funds.
Signet Jewelers (NYSE:SIG) opened at 93.07 on Wednesday. The company has a market cap of $7.04 billion, a price-to-earnings 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. The company has a 50-day moving average of $84.26 and a 200-day moving average of $86.70.
Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.10. The business 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 company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities research analysts expect that Signet Jewelers will post $6.98 EPS for the current fiscal year.