Today: Today, Vetr Inc. lowers the Stock rating of Signet Jewelers Ltd. (SIG)

Today, Vetr Inc. lowers the Stock rating of Signet Jewelers Ltd. (SIG)

Signet Jewelers Ltd. (NYSE:SIG) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $86.00 price objective on the stock. Vetr‘s target price suggests a potential downside of 7.60% from the company’s current price.

A number of other analysts have also weighed in on the stock. began coverage on shares of Signet Jewelers in a research note on Wednesday, September 28th. They issued an “outperform” rating and a $87.00 price objective on the stock. TheStreet lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. Bank of America Corp. reiterated a “buy” rating and issued a $110.00 price objective on shares of Signet Jewelers in a research note on Tuesday, September 13th. Cowen and Company lowered shares of Signet Jewelers from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $96.00 to $85.00 in a research note on Tuesday, September 13th. Finally, Exane BNP Paribas lowered shares of Signet Jewelers from an “outperform” rating to a “neutral” rating in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Signet Jewelers has a consensus rating of “Hold” and an average target price of $106.78.

Shares of Signet Jewelers (NYSE:SIG) traded down 0.84% during mid-day trading on Monday, reaching $93.07. 490,020 shares of the company’s stock traded hands. The company’s 50 day moving average is $84.26 and its 200 day moving average is $86.70. Signet Jewelers has a 12-month low of $72.65 and a 12-month high of $135.59. The company has a market cap of $7.04 billion, a P/E ratio of 14.18 and a beta of 1.17.

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, topping the Zacks’ 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 net margin of 7.93% and a return on equity of 19.67%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, analysts predict that Signet Jewelers will post $6.98 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Global Endowment Management LP increased its position in Signet Jewelers by 0.3% in the third quarter. Global Endowment Management LP now owns 3,510 shares of the company’s stock valued at $261,000 after buying an additional 10 shares in the last quarter. Calvert Investment Management Inc. increased its position in Signet Jewelers by 0.3% in the second quarter. Calvert Investment Management Inc. now owns 4,723 shares of the company’s stock valued at $389,000 after buying an additional 13 shares in the last quarter. Cleararc Capital Inc. increased its position in Signet Jewelers by 1.3% in the first quarter. Cleararc Capital Inc. now owns 1,951 shares of the company’s stock valued at $242,000 after buying an additional 25 shares in the last quarter. World Asset Management Inc increased its position in Signet Jewelers by 0.5% in the second quarter. World Asset Management Inc now owns 7,788 shares of the company’s stock valued at $642,000 after buying an additional 42 shares in the last quarter. Finally, Regentatlantic Capital LLC increased its position in Signet Jewelers by 0.9% in the third quarter. Regentatlantic Capital LLC now owns 5,007 shares of the company’s stock valued at $373,000 after buying an additional 45 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Signet Jewelers Company Profile

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

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