Signet Jewelers Limited (SIG) PT Set at $66.00 by Bank of America Corporation
Signet Jewelers Limited (NYSE:SIG) has been given a $66.00 price objective by stock analysts at Bank of America Corporation in a research report issued to clients and investors on Saturday. The firm presently has a “buy” rating on the stock. Bank of America Corporation’s price target indicates a potential upside of 32.53% from the stock’s current price.
A number of other research firms have also recently commented on SIG. Wells Fargo & Company set a $97.00 target price on shares of Signet Jewelers and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. BidaskClub raised shares of Signet Jewelers from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC set a $69.00 target price on shares of Signet Jewelers and gave the stock a “buy” rating in a research note on Friday, August 25th. Buckingham Research reissued a “neutral” rating and set a $51.00 target price on shares of Signet Jewelers in a research note on Saturday, August 26th. Finally, Cowen Inc reissued a “market perform” rating and set a $67.00 target price (up previously from $61.00) on shares of Signet Jewelers in a research note on Tuesday, September 12th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Signet Jewelers presently has an average rating of “Hold” and a consensus price target of $66.00.
Shares of Signet Jewelers (NYSE:SIG) opened at $49.80 on Friday. The company has a market cap of $3,010.91, a PE ratio of 7.61, a PEG ratio of 1.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.14 and a current ratio of 2.63. Signet Jewelers has a one year low of $46.09 and a one year high of $99.19.
Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. research analysts forecast that Signet Jewelers will post 6.27 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Signet Jewelers by 1.5% during the second quarter. Vanguard Group Inc. now owns 6,650,379 shares of the company’s stock worth $420,569,000 after acquiring an additional 97,075 shares during the last quarter. Capital Research Global Investors boosted its position in Signet Jewelers by 1.7% during the second quarter. Capital Research Global Investors now owns 5,377,336 shares of the company’s stock worth $340,063,000 after acquiring an additional 88,336 shares during the last quarter. BlackRock Inc. boosted its position in Signet Jewelers by 6.6% during the second quarter. BlackRock Inc. now owns 4,416,710 shares of the company’s stock worth $279,313,000 after acquiring an additional 272,979 shares during the last quarter. State Street Corp boosted its position in Signet Jewelers by 2.1% during the second quarter. State Street Corp now owns 3,365,495 shares of the company’s stock worth $212,841,000 after acquiring an additional 69,756 shares during the last quarter. Finally, Investec Asset Management LTD boosted its position in Signet Jewelers by 14.1% during the second quarter. Investec Asset Management LTD now owns 1,902,829 shares of the company’s stock worth $120,335,000 after acquiring an additional 235,207 shares during the last quarter.
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Signet Jewelers 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.
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