Signet Jewelers Limited (NYSE:SIG)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued on Thursday. They currently have a $66.00 price objective on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 1.32% from the company’s current price.

A number of other brokerages also recently weighed in on SIG. Bank of America Corporation set a $75.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Thursday, June 8th. Wells Fargo & Company set a $97.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Wednesday, August 23rd. Nomura set a $70.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Needham & Company LLC set a $69.00 price target on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $70.93.

Shares of Signet Jewelers Limited (NYSE:SIG) traded down 0.25% during trading on Thursday, reaching $66.71. 304,097 shares of the company’s stock were exchanged. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46. The company’s 50-day moving average price is $63.44 and its 200 day moving average price is $62.09. The firm has a market capitalization of $4.03 billion, a PE ratio of 10.04 and a beta of 0.98.

Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings results on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $1.14 EPS. Signet Jewelers Limited’s revenue was up 1.9% on a year-over-year basis. Analysts predict that Signet Jewelers Limited will post $7.03 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of SIG. Commonwealth Bank of Australia lifted its position in shares of Signet Jewelers Limited by 5.6% in the second quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after purchasing an additional 85 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Signet Jewelers Limited in the first quarter worth approximately $115,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Signet Jewelers Limited in the second quarter worth approximately $121,000. Tower Research Capital LLC TRC lifted its position in shares of Signet Jewelers Limited by 19.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after purchasing an additional 335 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in shares of Signet Jewelers Limited in the first quarter worth approximately $153,000.

Signet Jewelers Limited 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.

Analyst Recommendations for Signet Jewelers Limited (NYSE:SIG)

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