Signet Jewelers Limited (NYSE:SIG) had its price objective trimmed by Telsey Advisory Group from $83.00 to $60.00 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has a market perform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Signet Jewelers Limited from a hold rating to a buy rating and set a $71.00 target price on the stock in a research note on Monday, September 4th. Instinet restated a buy rating and set a $73.00 target price (up previously from $70.00) on shares of Signet Jewelers Limited in a research note on Monday, August 28th. ValuEngine cut shares of Signet Jewelers Limited from a buy rating to a hold rating in a research note on Friday, September 1st. Cowen Inc restated a market perform rating and set a $67.00 target price (up previously from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday, September 12th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Signet Jewelers Limited in a research note on Thursday, November 2nd. They set a neutral rating and a $60.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $67.47.

Signet Jewelers Limited (NYSE SIG) opened at $49.80 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.14 and a current ratio of 2.63. The stock has a market cap of $3,204.98, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.13 and a beta of 1.03. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $99.19.

Signet Jewelers Limited (NYSE:SIG) last posted its earnings results on Thursday, August 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.23. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a net margin of 7.32% and a return on equity of 20.76%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS. equities research analysts forecast that Signet Jewelers Limited will post 6.25 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIG. Dimensional Fund Advisors LP increased its position in shares of Signet Jewelers Limited by 64.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock valued at $69,960,000 after purchasing an additional 434,562 shares during the last quarter. FMR LLC increased its position in shares of Signet Jewelers Limited by 59.5% during the 2nd quarter. FMR LLC now owns 1,159,117 shares of the company’s stock valued at $73,303,000 after purchasing an additional 432,507 shares during the last quarter. Sapience Investments LLC increased its position in shares of Signet Jewelers Limited by 4,383.9% during the 2nd quarter. Sapience Investments LLC now owns 428,210 shares of the company’s stock valued at $27,080,000 after purchasing an additional 418,660 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Signet Jewelers Limited by 30.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after purchasing an additional 399,070 shares during the last quarter. Finally, ARGA Investment Management LP increased its position in shares of Signet Jewelers Limited by 7,204.6% during the 2nd quarter. ARGA Investment Management LP now owns 394,449 shares of the company’s stock valued at $24,945,000 after purchasing an additional 389,049 shares during the last quarter.

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Signet Jewelers Limited Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

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