SIG has been the topic of several other reports. Needham & Company LLC set a $69.00 price target on Signet Jewelers and gave the company a buy rating in a research report on Saturday, August 19th. Instinet restated a buy rating and set a $73.00 price target (up from $70.00) on shares of Signet Jewelers in a research report on Monday, August 28th. Wells Fargo & Company restated an outperform rating and set a $75.00 price target (up from $70.00) on shares of Signet Jewelers in a research report on Thursday, August 24th. Royal Bank of Canada restated a buy rating and set a $66.00 price target on shares of Signet Jewelers in a research report on Thursday, October 5th. Finally, Telsey Advisory Group lifted their price target on Signet Jewelers from $60.00 to $66.00 and gave the company a market perform rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Signet Jewelers has an average rating of Hold and a consensus price target of $65.48.
Shares of Signet Jewelers (NYSE SIG) opened at $52.76 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 0.76. Signet Jewelers has a 1 year low of $46.09 and a 1 year high of $98.72. The firm has a market capitalization of $3,220.00, a P/E ratio of 8.14, a PEG ratio of 1.06 and a beta of 0.94.
A number of large investors have recently made changes to their positions in SIG. Commonwealth Bank of Australia raised its stake in Signet Jewelers by 5.6% during the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after buying an additional 85 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new position in Signet Jewelers during the second quarter valued at $121,000. Tower Research Capital LLC TRC raised its stake in Signet Jewelers by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after buying an additional 335 shares during the last quarter. Monroe Bank & Trust MI purchased a new position in Signet Jewelers during the third quarter valued at $179,000. Finally, GSA Capital Partners LLP purchased a new position in Signet Jewelers during the third quarter valued at $202,000.
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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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