Wells Fargo & Co. reissued their outperform rating on shares of Signet Jewelers Ltd. (NYSE:SIG) in a research report report published on Monday. Wells Fargo & Co. currently has a $109.00 price objective on the stock, up from their prior price objective of $102.50.

Several other brokerages have also issued reports on SIG. Nomura set a $100.00 price target on Signet Jewelers and gave the company a buy rating in a research note on Wednesday, November 23rd. Zacks Investment Research raised Signet Jewelers from a sell rating to a hold rating in a research note on Friday. Citigroup Inc. reissued a neutral rating and issued a $90.00 price target (up from $83.00) on shares of Signet Jewelers in a research note on Saturday. Deutsche Bank AG dropped their price target on Signet Jewelers from $150.00 to $140.00 and set a buy rating on the stock in a research note on Tuesday, August 23rd. Finally, Vetr lowered Signet Jewelers from a hold rating to a sell rating and set a $86.00 price target on the stock. in a research note on Monday, November 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Signet Jewelers has an average rating of Hold and a consensus price target of $107.19.

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

Signet Jewelers (NYSE:SIG) opened at 92.24 on Monday. The company has a 50 day moving average of $84.61 and a 200 day moving average of $86.33. Signet Jewelers has a 1-year low of $72.65 and a 1-year high of $135.59. The company has a market capitalization of $6.97 billion, a PE ratio of 14.06 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, November 22nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Signet Jewelers had a return on equity of 19.67% and a net margin of 7.93%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. On average, analysts predict that Signet Jewelers will post $6.98 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SIG. Envestnet Asset Management Inc. increased its position in Signet Jewelers by 25.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,764 shares of the company’s stock valued at $1,459,000 after buying an additional 2,409 shares during the last quarter. Arizona State Retirement System increased its position in Signet Jewelers by 1.9% in the first quarter. Arizona State Retirement System now owns 21,600 shares of the company’s stock valued at $2,679,000 after buying an additional 400 shares during the last quarter. BlueMountain Capital Management LLC increased its position in Signet Jewelers by 80.3% in the first quarter. BlueMountain Capital Management LLC now owns 6,588 shares of the company’s stock valued at $817,000 after buying an additional 2,935 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in Signet Jewelers by 4.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 20,192 shares of the company’s stock valued at $1,664,000 after buying an additional 828 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in Signet Jewelers during the second quarter valued at $282,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

About Signet Jewelers

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.

5 Day Chart for NYSE:SIG

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