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

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

Signet Jewelers Ltd. (NYSE:SIG)‘s stock had its “outperform” rating reaffirmed by Wells Fargo & Co. in a research report issued on Monday. They presently have a $109.00 price target on the stock, up from their prior price target of $102.50. Wells Fargo & Co.’s price target indicates a potential upside of 17.12% from the stock’s previous close.

Several other research firms have also weighed in on SIG. Nomura set a $100.00 price objective on shares of Signet Jewelers and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Zacks Investment Research upgraded shares of Signet Jewelers from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup Inc. reiterated a “neutral” rating and issued a $90.00 price objective (up previously from $83.00) on shares of Signet Jewelers in a research note on Saturday. Deutsche Bank AG dropped their price objective on shares of 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 shares of Signet Jewelers from a “hold” rating to a “sell” rating and set a $86.00 price objective on the stock. in a research note on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $107.19.

Shares of Signet Jewelers (NYSE:SIG) opened at 93.07 on Monday. Signet Jewelers has a 1-year low of $72.65 and a 1-year high of $135.59. The company’s 50-day moving average is $84.26 and its 200 day moving average is $86.70. The stock 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, beating the Thomson Reuters’ 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 company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Equities research analysts anticipate that Signet Jewelers will post $6.98 EPS for the current year.

Several institutional investors have recently made changes to their positions in SIG. Skylands Capital LLC acquired a new position in shares of Signet Jewelers during the second quarter worth about $3,107,000. Oakbrook Investments LLC acquired a new position in shares of Signet Jewelers during the second quarter worth about $356,000. LS Investment Advisors LLC boosted its position in shares of Signet Jewelers by 6.1% in the second quarter. LS Investment Advisors LLC now owns 3,542 shares of the company’s stock worth $292,000 after buying an additional 205 shares in the last quarter. Addison Capital Co acquired a new position in shares of Signet Jewelers during the second quarter worth about $475,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Signet Jewelers during the second quarter worth about $948,000. Institutional investors own 98.92% of the company’s stock.

Signet Jewelers Company Profile

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