Signet Jewelers Ltd. (NYSE:SIG) Given Average Recommendation of “Sell” by Analysts

Signet Jewelers Ltd. (NYSE:SIG) has earned an average rating of “Sell” from the eight ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.60.

Several research firms recently issued reports on SIG. Citigroup cut their target price on Signet Jewelers from $9.00 to $5.00 and set a “sell” rating on the stock in a research note on Monday, March 30th. CICC Research reaffirmed a “sell” rating on shares of Signet Jewelers in a research report on Wednesday, June 10th. Bank of America cut Signet Jewelers from a “neutral” rating to an “underperform” rating and set a $8.00 price objective on the stock. in a research report on Friday, March 27th. Telsey Advisory Group lifted their price objective on Signet Jewelers from $10.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, June 5th. Finally, reaffirmed a “sell” rating on shares of Signet Jewelers in a research report on Wednesday, June 10th.

Several hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC lifted its holdings in shares of Signet Jewelers by 2.7% during the fourth quarter. Mason Street Advisors LLC now owns 18,233 shares of the company’s stock valued at $396,000 after purchasing an additional 487 shares during the last quarter. Comerica Bank lifted its holdings in shares of Signet Jewelers by 0.9% during the fourth quarter. Comerica Bank now owns 52,407 shares of the company’s stock valued at $1,377,000 after purchasing an additional 492 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Signet Jewelers by 34.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,048 shares of the company’s stock valued at $88,000 after purchasing an additional 1,026 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Signet Jewelers by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 413,929 shares of the company’s stock valued at $8,999,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Signet Jewelers by 1.5% during the first quarter. Swiss National Bank now owns 101,400 shares of the company’s stock valued at $654,000 after purchasing an additional 1,500 shares during the last quarter.

Shares of NYSE SIG traded down $0.18 during trading hours on Friday, hitting $9.84. The company’s stock had a trading volume of 2,276,501 shares, compared to its average volume of 3,391,031. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.97 and a current ratio of 2.41. The stock has a market cap of $524.51 million, a price-to-earnings ratio of -4.12 and a beta of 2.27. Signet Jewelers has a 12 month low of $5.60 and a 12 month high of $31.44. The business has a 50-day simple moving average of $11.18 and a 200-day simple moving average of $16.19.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Tuesday, June 9th. The company reported ($1.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.52) by ($0.07). The business had revenue of $852.10 million during the quarter, compared to the consensus estimate of $795.95 million. Signet Jewelers had a positive return on equity of 13.46% and a negative net margin of 1.35%. The firm’s revenue for the quarter was down 40.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. On average, equities research analysts forecast that Signet Jewelers will post -1.36 EPS for the current year.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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