Signet Jewelers (NYSE:SIG - Get Free Report) had its price target decreased by equities researchers at Telsey Advisory Group from $65.00 to $55.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Telsey Advisory Group's target price would suggest a potential upside of 13.57% from the company's previous close.
SIG has been the topic of several other reports. Bank of America lowered their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. StockNews.com lowered Signet Jewelers from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Finally, Wells Fargo & Company reduced their target price on Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.20.
Read Our Latest Stock Analysis on Signet Jewelers
Signet Jewelers Stock Performance
SIG stock opened at $48.43 on Thursday. The firm has a 50 day moving average of $57.97 and a two-hundred day moving average of $79.84. Signet Jewelers has a 12 month low of $46.16 and a 12 month high of $112.06. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 3.43 and a beta of 2.20. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14.
Insiders Place Their Bets
In other news, Director Eugenia Ulasewicz sold 3,333 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.26% of the company's stock.
Institutional Trading of Signet Jewelers
A number of hedge funds have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC raised its position in shares of Signet Jewelers by 1,046.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,889,413 shares of the company's stock valued at $152,495,000 after buying an additional 1,724,592 shares during the last quarter. Anomaly Capital Management LP raised its holdings in Signet Jewelers by 862.5% in the 4th quarter. Anomaly Capital Management LP now owns 1,762,523 shares of the company's stock valued at $142,253,000 after acquiring an additional 1,579,410 shares in the last quarter. Norges Bank bought a new stake in shares of Signet Jewelers in the 4th quarter worth approximately $40,989,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Signet Jewelers by 2,648.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 304,021 shares of the company's stock worth $24,538,000 after purchasing an additional 292,961 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Signet Jewelers by 37.4% during the fourth quarter. Janus Henderson Group PLC now owns 1,055,061 shares of the company's stock valued at $85,155,000 after purchasing an additional 286,974 shares during the period.
About Signet Jewelers
(
Get Free Report)
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.
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