A number of research firms have changed their ratings and price targets for Signet Jewelers Limited (NYSE: SIG):

  • 9/12/2017 – Signet Jewelers Limited had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $67.00 price target on the stock, up previously from $61.00.
  • 9/4/2017 – Signet Jewelers Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Shares of Signet Jewelers, which have underperformed the industry significantly in a year, took a sharp U turn following robust second-quarter fiscal 2018 results. The bullish run helped it to outpace the industry in a month. Notably, this marked the second time in the past eleven quarters, wherein sales surpassed the Zacks Consensus Estimate. Following, earnings estimates for fiscal 2018 and 2019 have been rising. Further, Signet announced an agreement to acquire R2Net which will enhance digital shopping experience. Moreover, the company is striving hard to place itself on the growth trajectory, as evident from planned capital investments. However, margins which have been declining since the past few quarters will remain under pressure in the second half of the year. On the other hand, despite reporting higher comps in the reported quarter, the company maintained tepid comps guidance which remains a major concern for investors.”
  • 9/1/2017 – Signet Jewelers Limited was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/28/2017 – Signet Jewelers Limited had its “buy” rating reaffirmed by analysts at Instinet. They now have a $73.00 price target on the stock, up previously from $70.00.
  • 8/28/2017 – Signet Jewelers Limited had its price target raised by analysts at Citigroup Inc. from $52.00 to $60.00. They now have a “neutral” rating on the stock.
  • 8/26/2017 – Signet Jewelers Limited had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $51.00 price target on the stock.
  • 8/25/2017 – Signet Jewelers Limited was given a new $69.00 price target on by analysts at Needham & Company LLC. They now have a “buy” rating on the stock.
  • 8/25/2017 – Signet Jewelers Limited had its price target raised by analysts at Telsey Advisory Group from $60.00 to $66.00. They now have a “market perform” rating on the stock.
  • 8/25/2017 – Signet Jewelers Limited was given a new $55.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.
  • 8/25/2017 – Signet Jewelers Limited was given a new $66.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 8/25/2017 – Signet Jewelers Limited was given a new $61.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 8/24/2017 – Signet Jewelers Limited had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $75.00 price target on the stock, up previously from $70.00.
  • 8/23/2017 – Signet Jewelers Limited was given a new $97.00 price target on by analysts at Wells Fargo & Company. They now have a “buy” rating on the stock.
  • 8/19/2017 – Signet Jewelers Limited was given a new $69.00 price target on by analysts at Needham & Company LLC. They now have a “buy” rating on the stock.
  • 8/17/2017 – Signet Jewelers Limited had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $63.00 price target on the stock.
  • 8/1/2017 – Signet Jewelers Limited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Signet has underperformed the industry in the last one year due to its dismal sales surprise history. Incidentally, the company saw its 10th straight top-line miss in first-quarter fiscal 2018, where both the top line and bottom line fell year over year and lagged estimates. Also, comps continued to disappoint. Results were hurt by a tough retail landscape, lower spending on jewellery and company-specific hurdles. Nonetheless, improved e-Commerce and Piercing Pagoda sales provided little respite. Further, the company is striving hard to place itself on growth path, as evident from its planned capital investments. Moreover, Signet’s digital marketing efforts and focus on Customer-First OmniChannel strategy might help the stock to regain its lost momentum in the near future. The company’s plans to outsource its credit program should also draw investors’ attention, as it is likely to ease some costs and bad debts eventually.”
  • 7/31/2017 – Signet Jewelers Limited was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/24/2017 – Signet Jewelers Limited was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/18/2017 – Signet Jewelers Limited had its “hold” rating reaffirmed by analysts at Cowen and Company.
  • 7/18/2017 – Signet Jewelers Limited was given a new $70.00 price target on by analysts at Nomura. They now have a “buy” rating on the stock.
  • 7/18/2017 – Signet Jewelers Limited is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $69.00 price target on the stock.

Signet Jewelers Limited (SIG) traded up 0.22% during trading on Thursday, hitting $68.88. 1,462,076 shares of the stock were exchanged. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 10.37 and a beta of 0.99. The stock’s 50 day moving average is $60.64 and its 200-day moving average is $62.19. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Signet Jewelers Limited will post $7.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, October 26th. Signet Jewelers Limited’s payout ratio is currently 19.14%.

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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