Signet Jewelers (NYSE:SIG)‘s stock had its “neutral” rating reissued by Susquehanna Bancshares in a note issued to investors on Thursday. They currently have a $60.00 price target on the stock. Susquehanna Bancshares’ price target indicates a potential upside of 11.32% from the stock’s previous close.
SIG has been the subject of several other research reports. Bank of America cut shares of Signet Jewelers from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Tuesday, March 20th. Zacks Investment Research cut shares of Signet Jewelers from a “hold” rating to a “sell” rating in a report on Wednesday, March 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price target (down previously from $44.00) on shares of Signet Jewelers in a research note on Tuesday, April 3rd. ValuEngine cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $52.00 price target on shares of Signet Jewelers in a research note on Monday, March 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.98.
Shares of Signet Jewelers stock traded up $1.63 during trading hours on Thursday, hitting $53.90. The company had a trading volume of 5,183,427 shares, compared to its average volume of 2,603,502. Signet Jewelers has a twelve month low of $33.11 and a twelve month high of $77.94. The company has a current ratio of 3.32, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.39 and a beta of 0.87.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, June 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.19. Signet Jewelers had a net margin of 8.30% and a return on equity of 20.34%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts forecast that Signet Jewelers will post 3.97 earnings per share for the current fiscal year.
In related news, CEO Virginia Drosos purchased 4,830 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was acquired at an average price of $38.73 per share, for a total transaction of $187,065.90. Following the acquisition, the chief executive officer now directly owns 116,682 shares of the company’s stock, valued at approximately $4,519,093.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. purchased a new position in Signet Jewelers during the 4th quarter valued at about $109,000. Delpha Capital Management LLC purchased a new position in Signet Jewelers during the 4th quarter valued at about $113,000. First Mercantile Trust Co. purchased a new position in Signet Jewelers during the 4th quarter valued at about $157,000. Trilogy Capital Inc. purchased a new position in Signet Jewelers during the 1st quarter valued at about $121,000. Finally, NuWave Investment Management LLC increased its holdings in Signet Jewelers by 496.0% during the 1st quarter. NuWave Investment Management LLC now owns 5,912 shares of the company’s stock valued at $228,000 after acquiring an additional 4,920 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.
Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.
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