Signet Jewelers (NYSE:SIG) had its target price dropped by investment analysts at JPMorgan Chase & Co. to $40.00 in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 0.20% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Bank of America downgraded Signet Jewelers from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Tuesday. Susquehanna Bancshares set a $35.00 price objective on Signet Jewelers and gave the company a “hold” rating in a research report on Thursday, March 15th. Cowen set a $40.00 price objective on Signet Jewelers and gave the company a “hold” rating in a research report on Thursday, March 15th. Telsey Advisory Group restated a “market perform” rating and set a $44.00 price objective (down from $55.00) on shares of Signet Jewelers in a research report on Thursday, March 15th. Finally, Buckingham Research restated a “neutral” rating and set a $36.00 price objective (down from $57.00) on shares of Signet Jewelers in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.91.

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Shares of Signet Jewelers (NYSE SIG) opened at $39.92 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.32 and a quick ratio of 1.12. The company has a market capitalization of $2,387.96, a PE ratio of 5.39, a P/E/G ratio of 0.85 and a beta of 0.73. Signet Jewelers has a 52-week low of $37.42 and a 52-week high of $77.94.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Wednesday, March 14th. The company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.24 billion. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.03 earnings per share. analysts anticipate that Signet Jewelers will post 5.81 EPS for the current fiscal year.

In other Signet Jewelers news, insider Oded Edelman bought 90,398 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were purchased at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the purchase, the insider now owns 33,962 shares in the company, valued at approximately $1,878,438.22. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Monroe Bank & Trust MI bought a new position in Signet Jewelers in the third quarter worth approximately $179,000. Amundi Pioneer Asset Management Inc. bought a new position in Signet Jewelers in the fourth quarter worth approximately $109,000. Delpha Capital Management LLC bought a new position in Signet Jewelers in the fourth quarter worth approximately $113,000. First Mercantile Trust Co. bought a new position in Signet Jewelers in the fourth quarter worth approximately $157,000. Finally, GSA Capital Partners LLP bought a new position in Signet Jewelers in the third quarter worth approximately $202,000.

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About Signet Jewelers

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 (NYSE:SIG)

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