Signet Jewelers (NYSE:SIG) Given Market Perform Rating at Telsey Advisory Group

Signet Jewelers (NYSE:SIG)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $96.00 price target on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 2.81% from the company’s previous close.

SIG has been the subject of a number of other research reports. Jefferies Financial Group reissued a “buy” rating on shares of Signet Jewelers in a report on Monday. Stephens assumed coverage on shares of Signet Jewelers in a research report on Tuesday, November 11th. They set an “overweight” rating and a $150.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Signet Jewelers in a research note on Wednesday, January 21st. UBS Group set a $118.00 price target on shares of Signet Jewelers and gave the stock a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Signet Jewelers Price Performance

Shares of Signet Jewelers stock traded up $1.77 during trading hours on Tuesday, hitting $93.38. The company’s stock had a trading volume of 234,949 shares, compared to its average volume of 825,373. The company has a market capitalization of $3.80 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. The stock has a 50 day moving average of $92.25 and a 200 day moving average of $93.67. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $110.20.

Institutional Trading of Signet Jewelers

A number of institutional investors and hedge funds have recently modified their holdings of SIG. Royal Bank of Canada raised its position in shares of Signet Jewelers by 87.2% during the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock worth $1,020,000 after purchasing an additional 8,183 shares during the period. Goldman Sachs Group Inc. increased its stake in Signet Jewelers by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after purchasing an additional 213,365 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Signet Jewelers by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,573 shares of the company’s stock worth $7,117,000 after purchasing an additional 10,964 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Signet Jewelers during the 2nd quarter worth approximately $599,000. Finally, Atria Investments Inc acquired a new stake in Signet Jewelers during the 2nd quarter worth approximately $319,000.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.