Signet Jewelers Limited (NYSE:SIG) had its target price lifted by analysts at Needham & Company LLC from $69.00 to $74.00 in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 14.00% from the company’s current price.

A number of other research firms also recently commented on SIG. Cowen and Company reaffirmed a “market perform” rating and set a $67.00 price objective (up previously from $61.00) on shares of Signet Jewelers Limited in a research note on Tuesday, September 12th. ValuEngine downgraded shares of Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, September 4th. BidaskClub raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $51.00 price objective on shares of Signet Jewelers Limited in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Signet Jewelers Limited currently has an average rating of “Hold” and a consensus price target of $71.94.

Signet Jewelers Limited (SIG) opened at 64.58 on Wednesday. The firm’s 50-day moving average is $61.20 and its 200 day moving average is $62.17. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 9.72 and a beta of 0.99. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46.

Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 EPS 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 quarter in the prior year, the company posted $1.14 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Signet Jewelers Limited will post $7.07 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia boosted its holdings in Signet Jewelers Limited by 5.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after acquiring an additional 85 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Signet Jewelers Limited in the 1st quarter worth approximately $115,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in Signet Jewelers Limited in the 2nd quarter worth approximately $121,000. Tower Research Capital LLC TRC boosted its holdings in Signet Jewelers Limited by 19.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after acquiring an additional 335 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Signet Jewelers Limited by 16.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock worth $145,000 after acquiring an additional 300 shares during the period.

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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