Signet Jewelers (NYSE:SIG – Get Valuation) was downgraded to a “hold” rating from a “buy” rating by investment analysts at StockNews.com, investors were told on Wednesday.
A number of other brokerage firms have also recently commented on SIG. Wells Fargo & Company lowered its price target on Signet Jewelers to $105.00 from $140.00 and downgraded the stock on Tuesday, May 5. Telsey Advisory Group lowered its price target on Signet Jewelers from $100.00 to 85, $00 and rated the stock as Market Perform in a report on Friday, June. Citigroup lowered its target price on shares of Signet Jewelers from $94.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, June 10. Finally, UBS Group lowered its target price on Signet Jewelers shares to $120.00 from $138.00 and gave the stock a “buy” rating in a report on Friday, June 10. Four analysts have rated the stock with a hold rating and two with a buy rating. The company currently has a consensus rating of Hold and a consensus target of $94.80, according to MarketBeat.com.
Shares of SIG opened at $57.41 on Wednesday. The company has a market cap of $2.67 billion, a PE ratio of 7.11, a PEG ratio of 0.59 and a beta of 2.39. Signet Jewelers has a 12-month low of $48.31 and a 12-month high of $111.92. The 50-day moving average price of the stock is $65.59 and the 200-day moving average price is $75.08. The company has a current ratio of 1.64, a quick ratio of 0.61 and a debt-to-equity ratio of 0.12.
Signet Jewelers (NYSE:SIG – Get Rating) last issued its quarterly earnings data on Thursday, June 9th. The company reported earnings per share of $2.86 for the quarter, beating the consensus estimate of $2.38 by $0.48. Signet Jewelers had a return on equity of 52.99% and a net margin of 6.87%. The company had revenue of $1.84 billion in the quarter, compared to analyst estimates of $1.81 billion. In the same period last year, the company posted $2.23 per share. The company’s quarterly revenue increased 8.9% year over year. Equity analysts are forecasting that Signet Jewelers will post 12.47 EPS for the current fiscal year.
In other news from Signet Jewelers, insider Stash Ptak sold 421 shares of the company’s stock in a transaction Tuesday, March 29. The shares sold at an average price of $80.00 for a total transaction of $33,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also, insider Oded Edelman sold 20,000 shares of the company’s stock in a transaction on Thursday, May 5. The shares were sold at an average price of $69.34 for a total transaction of $1,386,800.00. Following the sale, the insider now owns 85,398 shares of the company’s stock valued at $5,921,497.32. The disclosure for this sale can be found here. Over the past three months, insiders sold 50,421 shares of the company’s stock valued at $3,118,380. 1.76% of the shares are owned by insiders.
Several institutional investors have recently bought and sold shares in the company. The Arizona State Retirement System added 1.2% to its holdings of Signet Jewelers stock in the first quarter. The Arizona State Retirement System now owns 14,342 shares of the company’s stock valued at $1,043,000 after purchasing an additional 167 shares during the period. Van ECK Associates Corp increased its stake in Signet Jewelers by 15.9% in the first quarter. Van ECK Associates Corp now owns 1,363 shares of the company’s stock valued at $99,000 after purchasing an additional 187 shares last quarter. Kestra Advisory Services LLC increased its stake in Signet Jewelers by 6.7% in the fourth quarter. Kestra Advisory Services LLC now owns 3,154 shares of the company’s stock valued at $274,000 after purchasing an additional 197 shares last quarter. Virginia Retirement Systems ET AL increased its stake in Signet Jewelers by 1.4% in the fourth quarter. Virginia Retirement Systems ET AL now owns 14,800 shares of the company’s stock valued at $1,288,000 after purchasing an additional 200 shares last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Signet Jewelers by 54.4% during the fourth quarter. Lazard Asset Management LLC now owns 585 shares of the company, valued at $50,000, after purchasing an additional 206 shares last quarter. Institutional investors own 94.80% of the company’s shares.
Company profile of Signet Jewelers (received rating)
Signet Jewelers Limited operates as a diamond jewelery retailer. It operates in three segments: North America, International and Other. The North America segment operates jewelry stores in mall jewelry stores, mall kiosks, and out-of-mall locations in the United States and Canada primarily under the names Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet , Diamonds Direct, James Allen, Banter by Piercing Pagoda and Peoples Jewelers, and online at JamesAllen.com and Rocksbox.
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