Nomura set a $100.00 price objective on Signet Jewelers Ltd. (NYSE:SIG) in a report issued on Wednesday. The brokerage currently has a buy rating on the stock.
Several other analysts also recently weighed in on SIG. Wells Fargo & Co. set a $103.00 price objective on Signet Jewelers and gave the company a buy rating in a research report on Saturday, November 19th. Vetr downgraded Signet Jewelers from a strong-buy rating to a buy rating and set a $91.00 price objective for the company. in a research report on Wednesday, August 31st. Bank of America Corp. reiterated a buy rating and issued a $110.00 price objective on shares of Signet Jewelers in a research report on Tuesday, September 13th. Royal Bank Of Canada lowered their price objective on Signet Jewelers from $120.00 to $100.00 and set an outperform rating for the company in a research report on Friday, August 26th. Finally, Telsey Advisory Group lowered their price objective on Signet Jewelers from $140.00 to $110.00 and set an outperform rating for the company in a research report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $107.19.
Shares of Signet Jewelers (NYSE:SIG) opened at 92.24 on Wednesday. The firm has a market cap of $6.97 billion, a P/E ratio of 14.06 and a beta of 1.17. The company has a 50-day moving average of $84.61 and a 200 day moving average of $86.33. Signet Jewelers has a 52-week low of $72.65 and a 52-week high of $135.59.
Signet Jewelers (NYSE:SIG) last announced 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 19.67% and a net margin of 7.93%. The firm earned $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that Signet Jewelers will post $6.98 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in Signet Jewelers by 6.8% in the second quarter. Pacer Advisors Inc. now owns 1,561 shares of the company’s stock worth $129,000 after buying an additional 100 shares in the last quarter. SRB Corp boosted its stake in Signet Jewelers by 27.0% in the third quarter. SRB Corp now owns 1,654 shares of the company’s stock worth $123,000 after buying an additional 352 shares in the last quarter. MU Investments Co. Ltd. bought a new stake in Signet Jewelers during the second quarter worth approximately $148,000. Virtus Investment Advisers Inc. bought a new stake in Signet Jewelers during the third quarter worth approximately $146,000. Finally, Toronto Dominion Bank boosted its stake in Signet Jewelers by 429.6% in the third quarter. Toronto Dominion Bank now owns 2,198 shares of the company’s stock worth $164,000 after buying an additional 1,783 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.
Signet Jewelers Company Profile