Signet Jewelers (NYSE:SIG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Signet Jewelers (NYSE:SIG) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

A number of other equities analysts have also commented on SIG. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a research report on Wednesday, January 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a report on Tuesday, March 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, March 9th. The Goldman Sachs Group upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their price target on shares of Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.00.

Signet Jewelers Stock Up 2.0%

Shares of SIG opened at $83.83 on Friday. The business’s 50-day moving average price is $92.29 and its 200-day moving average price is $93.55. Signet Jewelers has a twelve month low of $47.63 and a twelve month high of $110.20. The stock has a market cap of $3.41 billion, a PE ratio of 25.02, a P/E/G ratio of 0.89 and a beta of 1.25.

Institutional Investors Weigh In On Signet Jewelers

A number of institutional investors and hedge funds have recently bought and sold shares of SIG. Royal Bank of Canada lifted its position in Signet Jewelers by 87.2% during the first quarter. Royal Bank of Canada now owns 17,564 shares of the company’s stock valued at $1,020,000 after purchasing an additional 8,183 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Signet Jewelers by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 849,692 shares of the company’s stock worth $49,333,000 after buying an additional 213,365 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Signet Jewelers by 9.8% in 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 buying an additional 10,964 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Signet Jewelers during the 2nd quarter valued at $599,000. Finally, Savant Capital LLC purchased a new stake in shares of Signet Jewelers during the 2nd quarter valued at $278,000.

Signet Jewelers Company Profile

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.