Signet Jewelers (NYSE:SIG) had its price objective lowered by Royal Bank of Canada to $46.00 in a research report report published on Friday morning, The Fly reports. The firm currently has an in-line rating on the stock.
SIG has been the subject of several other research reports. Zacks Investment Research upgraded shares of Signet Jewelers from a hold rating to a buy rating and set a $70.00 price objective for the company in a research report on Thursday, September 6th. Citigroup cut shares of Signet Jewelers from a neutral rating to a sell rating and set a $52.00 price objective on the stock. in a research note on Tuesday, September 4th. Telsey Advisory Group reissued a market perform rating and issued a $69.00 price objective (up from $63.00) on shares of Signet Jewelers in a research note on Friday, August 31st. TheStreet upgraded shares of Signet Jewelers from a d+ rating to a c- rating in a research report on Tuesday, August 21st. Finally, ValuEngine lowered shares of Signet Jewelers from a sell rating to a strong sell rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $54.06.
Signet Jewelers stock traded down $2.45 during midday trading on Friday, hitting $38.55. 3,577,828 shares of the stock were exchanged, compared to its average volume of 1,484,504. Signet Jewelers has a fifty-two week low of $33.11 and a fifty-two week high of $71.07. The stock has a market cap of $2.13 billion, a P/E ratio of 5.92, a PEG ratio of 1.48 and a beta of 0.89. The company has a current ratio of 2.20, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.08) by $0.02. Signet Jewelers had a negative net margin of 3.23% and a positive return on equity of 15.90%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts forecast that Signet Jewelers will post 4.28 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC grew its holdings in shares of Signet Jewelers by 69.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 64,016 shares of the company’s stock worth $3,569,000 after purchasing an additional 26,285 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Signet Jewelers by 3.8% in the second quarter. Wells Fargo & Company MN now owns 368,593 shares of the company’s stock worth $20,550,000 after purchasing an additional 13,645 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Signet Jewelers by 11.9% during the second quarter. Bank of New York Mellon Corp now owns 697,621 shares of the company’s stock worth $38,892,000 after acquiring an additional 74,022 shares during the last quarter. Swiss National Bank raised its position in shares of Signet Jewelers by 2.8% during the second quarter. Swiss National Bank now owns 102,800 shares of the company’s stock worth $5,731,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of Signet Jewelers during the second quarter worth $214,000.
Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, 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, as well as JamesAllen.com, an online jewelry retailer Website.
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