Signet Jewelers (NYSE:SIG)‘s stock had its “hold” rating restated by Wells Fargo & Co in a report released on Wednesday.
Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. JPMorgan Chase & Co. reissued a “hold” rating and issued a $52.00 price target on shares of Signet Jewelers in a research note on Monday. Royal Bank of Canada cut their price target on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group cut their price target on Signet Jewelers from $83.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 22nd. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.78.
Signet Jewelers (SIG) traded down $9.70 during trading hours on Wednesday, reaching $38.22. The company’s stock had a trading volume of 25,940,000 shares, compared to its average volume of 1,900,000. Signet Jewelers has a 12-month low of $38.10 and a 12-month high of $77.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. The firm has a market cap of $2,310.00, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.72.
In other news, insider Oded Edelman acquired 90,398 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the transaction, the insider now directly owns 33,962 shares in the company, valued at $1,878,438.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hosking Partners LLP increased its holdings in Signet Jewelers by 0.6% during the 3rd quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock worth $7,923,000 after purchasing an additional 712 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Signet Jewelers by 9.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock worth $538,000 after purchasing an additional 721 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Signet Jewelers by 1.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 48,700 shares of the company’s stock worth $3,262,000 after purchasing an additional 734 shares in the last quarter. Mandatum Life Insurance Co Ltd increased its holdings in Signet Jewelers by 14.3% during the 3rd quarter. Mandatum Life Insurance Co Ltd now owns 8,000 shares of the company’s stock worth $532,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Signet Jewelers by 0.4% during the 3rd quarter. Swiss National Bank now owns 228,600 shares of the company’s stock worth $15,213,000 after purchasing an additional 1,000 shares in the last quarter.
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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.
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