Signet Jewelers (NYSE:SIG) had its price target decreased by analysts at Telsey Advisory Group from $83.00 to $60.00 in a research note issued to investors on Wednesday, November 22nd, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 16.94% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded Signet Jewelers from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Monday, September 4th. Buckingham Research upped their target price on Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, November 14th. Royal Bank Of Canada decreased their target price on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, November 22nd. Instinet reaffirmed a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Signet Jewelers in a research note on Monday, August 28th. Finally, Susquehanna Bancshares initiated coverage on Signet Jewelers in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $66.00.
Shares of Signet Jewelers (SIG) traded up $0.39 during mid-day trading on Wednesday, reaching $51.31. The company’s stock had a trading volume of 1,374,151 shares, compared to its average volume of 1,917,828. The company has a quick ratio of 0.76, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. Signet Jewelers has a 12-month low of $46.09 and a 12-month high of $99.19. The company has a market capitalization of $3,045.97, a P/E ratio of 7.71, a P/E/G ratio of 1.01 and a beta of 0.94.
Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of Signet Jewelers by 30.7% during the second quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after buying an additional 399,070 shares during the last quarter. Hosking Partners LLP lifted its holdings in Signet Jewelers by 1.6% in the second quarter. Hosking Partners LLP now owns 118,337 shares of the company’s stock valued at $7,484,000 after acquiring an additional 1,913 shares during the period. Cadence Capital Management LLC bought a new position in Signet Jewelers in the second quarter valued at about $452,000. Janus Henderson Group PLC lifted its holdings in Signet Jewelers by 84.3% in the second quarter. Janus Henderson Group PLC now owns 17,449 shares of the company’s stock valued at $1,103,000 after acquiring an additional 7,983 shares during the period. Finally, Allen Investment Management LLC lifted its holdings in Signet Jewelers by 8.0% in the second quarter. Allen Investment Management LLC now owns 13,912 shares of the company’s stock valued at $880,000 after acquiring an additional 1,029 shares during the period.
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Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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