Signet Jewelers Ltd. (NYSE:SIG) Receives $12.60 Consensus Price Target from Analysts

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Signet Jewelers Ltd. (NYSE:SIG) has earned an average rating of “Sell” from the eight analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.60.

Several equities research analysts have commented on the company. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, August 11th. Citigroup boosted their target price on Signet Jewelers from $5.00 to $12.00 and gave the stock a “sell” rating in a report on Friday, September 4th. CICC Research reaffirmed a “sell” rating on shares of Signet Jewelers in a report on Wednesday, June 10th. reaffirmed a “sell” rating on shares of Signet Jewelers in a report on Wednesday, June 10th. Finally, Telsey Advisory Group upped their price target on Signet Jewelers from $15.00 to $18.00 and gave the company a “market perform” rating in a report on Friday, September 4th.

SIG stock traded up $0.40 during midday trading on Monday, hitting $19.51. The stock had a trading volume of 874,768 shares, compared to its average volume of 2,745,779. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -5.98 and a beta of 2.75. The business has a 50-day moving average of $17.18 and a two-hundred day moving average of $11.93. Signet Jewelers has a 52-week low of $5.60 and a 52-week high of $31.44. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.58 and a quick ratio of 1.11.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, September 3rd. The company reported ($1.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.07) by $0.94. Signet Jewelers had a positive return on equity of 5.87% and a negative net margin of 2.37%. The company had revenue of $888.00 million for the quarter, compared to analysts’ expectations of $788.51 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was down 34.9% on a year-over-year basis. Research analysts predict that Signet Jewelers will post -0.48 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. State Street Corp grew its holdings in Signet Jewelers by 22.3% during the 1st quarter. State Street Corp now owns 2,225,013 shares of the company’s stock valued at $14,351,000 after buying an additional 405,193 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Signet Jewelers by 1.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 793,657 shares of the company’s stock valued at $5,119,000 after buying an additional 10,282 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 12,611 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Signet Jewelers by 53.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 690,836 shares of the company’s stock valued at $7,095,000 after buying an additional 240,670 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Signet Jewelers by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 651,456 shares of the company’s stock valued at $6,690,000 after buying an additional 17,675 shares in the last quarter.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates 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.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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