Signet Jewelers Ltd. (NYSE:SIG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $17.25, but opened at $18.93. Signet Jewelers shares last traded at $18.68, with a volume of 116,298 shares.
Several brokerages have recently issued reports on SIG. Bank of America lowered their price objective on shares of Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Telsey Advisory Group raised their target price on Signet Jewelers from $14.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. ValuEngine raised Signet Jewelers from a “sell” rating to a “hold” rating in a research report on Saturday, December 7th. Wells Fargo & Co cut Signet Jewelers from an “equal weight” rating to an “underweight” rating and set a $12.00 target price for the company. in a research report on Thursday. Finally, Citigroup reduced their target price on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.
The company has a market capitalization of $1.14 billion, a P/E ratio of 5.12, a PEG ratio of 1.04 and a beta of 1.08. The stock has a fifty day simple moving average of $19.06 and a 200-day simple moving average of $16.87. The company has a quick ratio of 0.30, a current ratio of 2.12 and a debt-to-equity ratio of 2.13.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.07) by $0.31. Signet Jewelers had a positive return on equity of 20.27% and a negative net margin of 3.09%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned ($1.06) earnings per share. The business’s revenue was down .3% on a year-over-year basis. Analysts predict that Signet Jewelers Ltd. will post 3.21 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in SIG. Canada Pension Plan Investment Board increased its stake in shares of Signet Jewelers by 65.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,119,035 shares of the company’s stock valued at $20,008,000 after buying an additional 444,017 shares in the last quarter. Maverick Capital Ltd. increased its stake in shares of Signet Jewelers by 138.3% in the third quarter. Maverick Capital Ltd. now owns 761,829 shares of the company’s stock valued at $12,768,000 after buying an additional 442,109 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Signet Jewelers by 112.7% in the third quarter. Squarepoint Ops LLC now owns 769,203 shares of the company’s stock valued at $12,892,000 after buying an additional 407,487 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Signet Jewelers by 4.2% in the second quarter. Vanguard Group Inc. now owns 6,121,445 shares of the company’s stock valued at $109,453,000 after buying an additional 243,959 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Signet Jewelers in the second quarter valued at $3,886,000.
Signet Jewelers Company Profile (NYSE:SIG)
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.
