Signet Jewelers Limited (NYSE:SIG) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.64.

SIG has been the topic of several recent research reports. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, September 4th. Wells Fargo & Company set a $97.00 price objective on Signet Jewelers and gave the company a “buy” rating in a report on Wednesday, August 23rd. ValuEngine raised Signet Jewelers from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Bank of America set a $66.00 price objective on Signet Jewelers and gave the company a “buy” rating in a report on Saturday, November 25th. Finally, Buckingham Research reissued a “neutral” rating and set a $51.00 price objective on shares of Signet Jewelers in a report on Saturday, August 26th.

Signet Jewelers (NYSE:SIG) traded up $0.39 during midday trading on Friday, hitting $51.31. The company had a trading volume of 1,374,100 shares, compared to its average volume of 1,917,828. 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 12 month low of $46.09 and a 12 month high of $99.19. The firm has a market cap of $3,110.00, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.

A number of institutional investors and hedge funds have recently made changes to their positions in SIG. Dimensional Fund Advisors LP lifted its holdings in Signet Jewelers by 64.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock worth $69,960,000 after buying an additional 434,562 shares during the period. FMR LLC lifted its holdings in Signet Jewelers by 59.5% during the 2nd quarter. FMR LLC now owns 1,159,117 shares of the company’s stock worth $73,303,000 after buying an additional 432,507 shares during the period. Sapience Investments LLC lifted its stake in shares of Signet Jewelers by 4,383.9% in the 2nd quarter. Sapience Investments LLC now owns 428,210 shares of the company’s stock valued at $27,080,000 after purchasing an additional 418,660 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Signet Jewelers by 30.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after purchasing an additional 399,070 shares during the period. Finally, ARGA Investment Management LP lifted its stake in shares of Signet Jewelers by 7,204.6% in the 2nd quarter. ARGA Investment Management LP now owns 394,449 shares of the company’s stock valued at $24,945,000 after purchasing an additional 389,049 shares during the period.

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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.

Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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