Signet Jewelers (NYSE:SIG)‘s stock had its “hold” rating restated by research analysts at JPMorgan Chase & Co. in a research note issued on Monday. They currently have a $52.00 target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 8.54% from the stock’s current price.
A number of other brokerages have also weighed in on SIG. Needham & Company LLC set a $60.00 target price on shares of Signet Jewelers and gave the company a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada lowered shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $60.00 to $55.00 in a research note on Friday, January 12th. ValuEngine lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Signet Jewelers from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, Cowen set a $54.00 price objective on shares of Signet Jewelers and gave the stock a “hold” rating in a research note on Saturday, November 25th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Signet Jewelers currently has an average rating of “Hold” and an average price target of $62.78.
Shares of Signet Jewelers (NYSE:SIG) opened at $47.91 on Monday. The firm has a market cap of $2,959.23, a PE ratio of 7.88, a PEG ratio of 1.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. Signet Jewelers has a 52 week low of $46.09 and a 52 week high of $77.94.
Institutional investors have recently modified their holdings of the business. LMR Partners LLP purchased a new position in Signet Jewelers in the fourth quarter worth about $4,012,000. USA Financial Portformulas Corp purchased a new position in Signet Jewelers in the fourth quarter worth about $343,000. Dimensional Fund Advisors LP raised its holdings in Signet Jewelers by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,446,968 shares of the company’s stock worth $96,298,000 after buying an additional 340,761 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Signet Jewelers in the third quarter worth about $826,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Signet Jewelers by 375.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 77,125 shares of the company’s stock valued at $4,259,000 after purchasing an additional 60,897 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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