Signet Jewelers (NYSE:SIG) Stock Rating Lowered by StockNews.com

Signet Jewelers (NYSE:SIG - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

SIG has been the subject of a number of other research reports. Bank of America lowered their target price on Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, September 13th. Wells Fargo & Company upped their price objective on Signet Jewelers from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $87.00 target price on shares of Signet Jewelers in a research note on Thursday. Finally, UBS Group lowered their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Signet Jewelers has an average rating of "Moderate Buy" and a consensus price target of $109.60.

Signet Jewelers Trading Up 5.6 %

Shares of SIG traded up $4.86 during midday trading on Friday, reaching $91.80. 2,128,567 shares of the stock were exchanged, compared to its average volume of 839,435. The company has a market capitalization of $4.04 billion, a P/E ratio of 10.56, a PEG ratio of 1.11 and a beta of 2.10. Signet Jewelers has a 52 week low of $72.26 and a 52 week high of $112.06. The company's 50 day moving average is $97.08 and its two-hundred day moving average is $91.59.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the business posted $0.24 EPS. The company's revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts expect that Signet Jewelers will post 10.8 EPS for the current year.

Insider Activity at Signet Jewelers

In related news, CEO Virginia Drosos sold 3,475 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total value of $353,303.25. Following the completion of the transaction, the chief executive officer now owns 775,345 shares in the company, valued at $78,829,326.15. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mary Elizabeth Finn sold 3,763 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.32, for a total value of $347,400.16. Following the sale, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,957 shares of company stock valued at $4,599,306 in the last three months. 3.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Signet Jewelers

A number of institutional investors have recently bought and sold shares of SIG. Harbor Capital Advisors Inc. purchased a new position in shares of Signet Jewelers during the third quarter worth $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Signet Jewelers during the 2nd quarter valued at about $51,000. Hexagon Capital Partners LLC lifted its holdings in shares of Signet Jewelers by 33.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock valued at $63,000 after buying an additional 175 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Signet Jewelers in the third quarter worth about $77,000. Finally, Blue Trust Inc. grew its holdings in Signet Jewelers by 15.3% during the second quarter. Blue Trust Inc. now owns 917 shares of the company's stock worth $82,000 after acquiring an additional 122 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.