Signet Jewelers Limited (NYSE:SIG) Short Interest Up 25.3% in February

Signet Jewelers Limited (NYSE:SIG - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,760,000 shares, an increase of 25.3% from the January 31st total of 3,800,000 shares. Approximately 11.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 3.2 days.

Insider Buying and Selling at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were 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 of the company's stock, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.26% of the stock is owned by corporate insiders.

Institutional Trading of Signet Jewelers

Several institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in Signet Jewelers during the third quarter valued at approximately $25,000. Van ECK Associates Corp raised its position in Signet Jewelers by 40.0% during the third quarter. Van ECK Associates Corp now owns 28,081 shares of the company's stock valued at $2,896,000 after acquiring an additional 8,024 shares in the last quarter. Atria Investments Inc bought a new position in Signet Jewelers during the third quarter valued at approximately $254,000. State of New Jersey Common Pension Fund D raised its position in Signet Jewelers by 33.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,096 shares of the company's stock valued at $2,485,000 after acquiring an additional 6,079 shares in the last quarter. Finally, Versor Investments LP bought a new position in Signet Jewelers during the third quarter valued at approximately $977,000.

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Signet Jewelers Trading Up 0.3 %

Shares of SIG traded up $0.13 during midday trading on Friday, hitting $50.13. The stock had a trading volume of 1,111,913 shares, compared to its average volume of 1,028,992. Signet Jewelers has a fifty-two week low of $46.66 and a fifty-two week high of $112.06. The business has a 50-day simple moving average of $59.94 and a two-hundred day simple moving average of $80.50. The firm has a market cap of $2.18 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 3.43 and a beta of 2.20. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, equities analysts forecast that Signet Jewelers will post 8.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SIG shares. Bank of America lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Telsey Advisory Group lowered their price objective on shares of Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of Signet Jewelers from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.20.

Signet Jewelers Company Profile

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.