Signet Jewelers Downgraded by CL King to Neutral (SIG)
Signet Jewelers (NYSE:SIG) was downgraded by investment analysts at CL King from a “strong-buy” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at Citigroup Inc. reiterated a “positive” rating on shares of Signet Jewelers in a research note to investors on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Signet Jewelers has an average rating of “Buy” and a consensus price target of $100.15.
Signet Jewelers (NYSE:SIG) traded down 7.97% during mid-day trading on Thursday, hitting $73.32. 2,517,811 shares of the company’s stock traded hands. Signet Jewelers has a 52 week low of $58.44 and a 52 week high of $80.18. The stock’s 50-day moving average is $77.10 and its 200-day moving average is $73.24. The company has a market cap of $5.881 billion and a price-to-earnings ratio of 17.66.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, November 26th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.03. The company had revenue of $771.40 million for the quarter, compared to the consensus estimate of $770.59 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Signet Jewelers will post $4.75 EPS for the current fiscal year.
Signet Jewelers Limited (NYSE:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.
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