Signet Jewelers Limited (NYSE:SIG) Receives $14.00 Average Price Target from Analysts

Signet Jewelers Limited (NYSE:SIG) has been given an average rating of “Sell” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.00.

Several research firms have issued reports on SIG. Citigroup upped their target price on shares of Signet Jewelers from $5.00 to $12.00 and gave the company a “sell” rating in a research note on Friday, September 4th. Telsey Advisory Group raised their target price on shares of Signet Jewelers from $18.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, October 20th. Finally, Zacks Investment Research raised shares of Signet Jewelers from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, August 11th.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in Signet Jewelers by 36.6% during the 1st quarter. First Trust Advisors LP now owns 30,144 shares of the company’s stock valued at $819,000 after buying an additional 8,069 shares in the last quarter. Deutsche Bank AG increased its holdings in Signet Jewelers by 441.4% in the 1st quarter. Deutsche Bank AG now owns 97,440 shares of the company’s stock valued at $629,000 after acquiring an additional 79,443 shares during the last quarter. Legal & General Group Plc increased its holdings in Signet Jewelers by 0.8% in the 1st quarter. Legal & General Group Plc now owns 240,875 shares of the company’s stock valued at $1,554,000 after acquiring an additional 1,871 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Signet Jewelers by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,337 shares of the company’s stock worth $170,000 after purchasing an additional 8,590 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Signet Jewelers by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 759,082 shares of the company’s stock valued at $4,895,000 after purchasing an additional 12,611 shares during the last quarter.

Shares of NYSE SIG traded down $1.46 during midday trading on Friday, hitting $25.08. The stock had a trading volume of 53,193 shares, compared to its average volume of 2,629,216. The business’s 50 day moving average is $19.66 and its 200-day moving average is $13.30. Signet Jewelers has a 52 week low of $5.60 and a 52 week high of $31.44. The company has a quick ratio of 1.11, a current ratio of 2.58 and a debt-to-equity ratio of 1.46. The company has a market cap of $1.39 billion, a P/E ratio of -7.84 and a beta of 2.67.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 3rd. The company reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.07) by $0.94. The company had revenue of $888.00 million during the quarter, compared to analyst estimates of $788.51 million. Signet Jewelers had a negative net margin of 2.37% and a positive return on equity of 5.87%. The firm’s revenue for the quarter was down 34.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. As a group, analysts expect that Signet Jewelers will post -0.48 EPS for the current fiscal year.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 01, 2020, it operated 3,208 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

Further Reading: Understanding Specialty Certificates of Deposit

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.