Signet Jewelers (NYSE:SIG - Get Free Report) had its price target dropped by Wells Fargo & Company from $125.00 to $105.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 26.52% from the company's previous close.
Other research analysts have also issued reports about the company. Citigroup restated a "buy" rating and issued a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $105.00 target price on shares of Signet Jewelers in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.20.
Get Our Latest Analysis on SIG
Signet Jewelers Stock Performance
Shares of NYSE:SIG traded up $0.67 during midday trading on Tuesday, reaching $82.99. The company had a trading volume of 637,054 shares, compared to its average volume of 773,855. The company has a fifty day simple moving average of $83.49 and a two-hundred day simple moving average of $94.40. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.83 and a beta of 2.16. Signet Jewelers has a 1-year low of $65.12 and a 1-year high of $112.06.
Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The firm's revenue for the quarter was down 9.4% on a year-over-year basis. Analysts expect that Signet Jewelers will post 10.6 EPS for the current year.
Insider Activity at Signet Jewelers
In related news, insider Joan M. Hilson sold 8,000 shares of the company's stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the completion of the transaction, the insider now owns 189,231 shares in the company, valued at $17,373,298.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Joan M. Hilson sold 8,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $91.81, for a total transaction of $734,480.00. Following the transaction, the insider now directly owns 189,231 shares in the company, valued at $17,373,298.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rebecca Wooters sold 3,000 shares of the firm's stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the completion of the sale, the insider now owns 90,494 shares in the company, valued at $8,175,227.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,439 shares of company stock valued at $4,809,869. 3.26% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Signet Jewelers
Large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its holdings in Signet Jewelers by 1.5% in the 4th quarter. New York State Common Retirement Fund now owns 36,272 shares of the company's stock worth $3,891,000 after purchasing an additional 523 shares during the period. Yousif Capital Management LLC increased its stake in shares of Signet Jewelers by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 23,001 shares of the company's stock worth $2,467,000 after purchasing an additional 362 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Signet Jewelers by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 156,178 shares of the company's stock worth $16,752,000 after purchasing an additional 2,866 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Signet Jewelers by 37.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 470 shares of the company's stock valued at $50,000 after buying an additional 127 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in Signet Jewelers by 46.4% in the 4th quarter. Natixis Advisors L.P. now owns 75,514 shares of the company's stock worth $8,099,000 after buying an additional 23,926 shares during the last quarter.
Signet Jewelers Company Profile
(Get Free Report)
Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.
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