Signet Jewelers (NYSE:SIG) has been given a $38.00 price objective by stock analysts at Royal Bank of Canada in a report issued on Thursday, March 15th. The firm presently has a “hold” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 1.52% from the stock’s previous close.
Other analysts have also issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Signet Jewelers in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Telsey Advisory Group lowered their price target on Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 22nd. Zacks Investment Research lowered Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. Wells Fargo reaffirmed a “hold” rating on shares of Signet Jewelers in a research note on Wednesday, March 14th. Finally, Cowen set a $54.00 price target on Signet Jewelers and gave the stock a “hold” rating in a research note on Saturday, November 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Signet Jewelers has an average rating of “Hold” and an average price target of $52.65.
SIG traded down $0.06 during trading on Thursday, hitting $37.43. The company’s stock had a trading volume of 2,060,876 shares, compared to its average volume of 4,804,560. The company has a current ratio of 3.32, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28. Signet Jewelers has a twelve month low of $33.11 and a twelve month high of $77.94. The firm has a market cap of $2,265.11, a P/E ratio of 5.75, a PEG ratio of 1.18 and a beta of 0.84.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.26 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.24 billion. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. Signet Jewelers’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $4.03 earnings per share. equities research analysts forecast that Signet Jewelers will post 3.96 EPS for the current year.
In related news, insider Oded Edelman acquired 90,398 shares of the stock in a transaction on Friday, January 12th. The shares were bought at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the purchase, the insider now owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. purchased a new stake in Signet Jewelers in the fourth quarter valued at $109,000. Delpha Capital Management LLC purchased a new stake in Signet Jewelers in the fourth quarter valued at $113,000. First Mercantile Trust Co. purchased a new stake in Signet Jewelers in the fourth quarter valued at $157,000. Monroe Bank & Trust MI purchased a new stake in Signet Jewelers in the third quarter valued at $179,000. Finally, GSA Capital Partners LLP purchased a new stake in Signet Jewelers in the third quarter valued at $202,000.
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About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands.
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