Signet Jewelers Limited (NYSE:SIG) Receives $95.20 Consensus Price Target from Brokerages

Shares of Signet Jewelers Limited (NYSE:SIG - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $95.20.

Several brokerages have issued reports on SIG. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Bank of America decreased their price objective on Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, Telsey Advisory Group decreased their price objective on Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, January 15th.

Insider Activity at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares in the company, valued at $1,231,565.76. The trade was a 12.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.26% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in Signet Jewelers during the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC grew its holdings in shares of Signet Jewelers by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock worth $57,000 after acquiring an additional 421 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Signet Jewelers during the 3rd quarter worth approximately $77,000. KBC Group NV grew its holdings in shares of Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company's stock worth $133,000 after acquiring an additional 263 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Signet Jewelers by 832.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock worth $110,000 after acquiring an additional 1,216 shares during the period.

Signet Jewelers Price Performance

NYSE:SIG traded up $0.13 during trading hours on Wednesday, hitting $50.13. 1,111,913 shares of the company's stock traded hands, compared to its average volume of 1,026,342. The firm has a market cap of $2.18 billion, a P/E ratio of 5.77, a P/E/G ratio of 3.43 and a beta of 2.20. Signet Jewelers has a 52 week low of $46.66 and a 52 week high of $112.06. The business's fifty day simple moving average is $60.57 and its two-hundred day simple moving average is $80.65. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $0.24 EPS. The company's revenue for the quarter was down 3.1% on a year-over-year basis. On average, research analysts anticipate that Signet Jewelers will post 8.73 earnings per share for the current fiscal year.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.