Signet Jewelers (NYSE:SIG) Earns “Market Perform” Rating from Telsey Advisory Group

Signet Jewelers (NYSE:SIGGet Free Report)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $96.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 6.31% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. Zacks Research lowered Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Signet Jewelers has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Check Out Our Latest Analysis on SIG

Signet Jewelers Price Performance

Signet Jewelers stock traded up $11.53 during trading hours on Thursday, reaching $90.30. The company had a trading volume of 1,919,101 shares, compared to its average volume of 897,497. Signet Jewelers has a 12-month low of $49.99 and a 12-month high of $110.20. The company has a 50-day moving average price of $91.88 and a 200 day moving average price of $93.43. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 0.92 and a beta of 1.25.

Signet Jewelers (NYSE:SIGGet Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.38. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. Signet Jewelers’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.62 EPS. As a group, research analysts expect that Signet Jewelers will post 8.73 earnings per share for the current year.

Institutional Trading of Signet Jewelers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in shares of Signet Jewelers by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 262,926 shares of the company’s stock valued at $21,791,000 after acquiring an additional 37,238 shares in the last quarter. Invesco Ltd. lifted its position in Signet Jewelers by 18.3% in the 4th quarter. Invesco Ltd. now owns 238,776 shares of the company’s stock valued at $19,790,000 after acquiring an additional 36,927 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Signet Jewelers by 21.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,548 shares of the company’s stock valued at $211,000 after purchasing an additional 445 shares during the last quarter. XTX Topco Ltd purchased a new stake in Signet Jewelers during the 4th quarter valued at $221,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Signet Jewelers in the 4th quarter worth $17,923,000.

Signet Jewelers News Roundup

Here are the key news stories impacting Signet Jewelers this week:

Signet Jewelers Company Profile

(Get Free Report)

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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