Signet Jewelers Rating Reiterated by Nomura (SIG)
In other Signet Jewelers news, Director Thomas G. Plaskett sold 450 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $106.50, for a total transaction of $47,925.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Signet Jewelers (NYSE:SIG) opened at 102.41 on Monday. Signet Jewelers has a one year low of $65.91 and a one year high of $113.18. The stock’s 50-day moving average is $108.9 and its 200-day moving average is $99.09. The company has a market cap of $8.214 billion and a P/E ratio of 22.12.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.27 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $1.13 earnings per share. Signet Jewelers’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Signet Jewelers will post $5.35 earnings per share for the current fiscal year.
SIG has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Signet Jewelers from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $113.20 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Signet Jewelers from $120.00 to $125.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Signet Jewelers in a research note on Wednesday, July 9th. They set an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $117.53.
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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