Trade Report: Today, Signet Jewelers Ltd. (SIG) Given Outperform Rating at Wells Fargo & Co.

Today, Signet Jewelers Ltd. (SIG) Given Outperform Rating at Wells Fargo & Co.

Wells Fargo & Co. reissued their outperform rating on shares of Signet Jewelers Ltd. (NYSE:SIG) in a research report report published on Monday. Wells Fargo & Co. currently has a $109.00 price objective on the stock, up from their prior price objective of $102.50.

Several other brokerages have also issued reports on SIG. Nomura set a $100.00 price target on Signet Jewelers and gave the company a buy rating in a research note on Wednesday, November 23rd. Zacks Investment Research raised Signet Jewelers from a sell rating to a hold rating in a research note on Friday. Citigroup Inc. reissued a neutral rating and issued a $90.00 price target (up from $83.00) on shares of Signet Jewelers in a research note on Saturday. Deutsche Bank AG dropped their price target on Signet Jewelers from $150.00 to $140.00 and set a buy rating on the stock in a research note on Tuesday, August 23rd. Finally, Vetr lowered Signet Jewelers from a hold rating to a sell rating and set a $86.00 price target on the stock. in a research note on Monday, November 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Signet Jewelers has an average rating of Hold and a consensus price target of $107.19.

Signet Jewelers (NYSE:SIG) opened at 92.24 on Monday. The company has a 50 day moving average of $84.61 and a 200 day moving average of $86.33. Signet Jewelers has a 1-year low of $72.65 and a 1-year high of $135.59. The company has a market capitalization of $6.97 billion, a PE ratio of 14.06 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, November 22nd. The company reported $0.30 EPS 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Signet Jewelers will post $6.98 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SIG. Envestnet Asset Management Inc. increased its position in Signet Jewelers by 25.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,764 shares of the company’s stock valued at $1,459,000 after buying an additional 2,409 shares during the last quarter. Arizona State Retirement System increased its position in Signet Jewelers by 1.9% in the first quarter. Arizona State Retirement System now owns 21,600 shares of the company’s stock valued at $2,679,000 after buying an additional 400 shares during the last quarter. BlueMountain Capital Management LLC increased its position in Signet Jewelers by 80.3% in the first quarter. BlueMountain Capital Management LLC now owns 6,588 shares of the company’s stock valued at $817,000 after buying an additional 2,935 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in Signet Jewelers by 4.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 20,192 shares of the company’s stock valued at $1,664,000 after buying an additional 828 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Signet Jewelers during the second quarter valued at $282,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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