RBC Capital Markets now has a $100.00 price target on the stock, down from their previous price target of $120.00. The last trading range of the stock ranges between $78.71 and $87.73.
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Other hedge funds and institutional investors have recently modified their holdings of the company. That would be the fourth quarter in a row of drops, almost unheard of outside of a recession.
Repurchased over 2.8 million shares in second quarter for $250 million along with insider buying. Now the stock has been rated as “Buy” from Analysts. Wellington Management Group LLP boosted its position in Signet Jewelers by 19.4% in the first quarter. Monarch Partners Asset Management LLC now owns 115,879 shares of the company’s stock valued at $9,550,000 after buying an additional 11,702 shares in the last quarter.
About 5.18 million shares traded hands or 295.42% up from the average. 5,141,839 shares of the stock were exchanged. The company has a market cap of $6.49 billion.
The stock is now trading at Distance from 20-Day simple moving Average of -6.88% whereas, Distance from 50-Day Simple moving average is -4.33 Percent and Distance from 200-Day Simple Moving Average of -22.31 percent. 11 Analysts reported that the Price Target for Signet Jewelers Limited might touch $149.24 high while the Average Price Target and Low price Target is $129.02 and $113 respectively.
Shares of Signet Jewelers (SIG) – parent to mall-based jewelry retailers Kay Jewelers, Jared the Galleria of Jewelry and Zales – are plummeting Thursday on worse-than-expected results and guidance. These analysts have also projected a Low Estimate of $1.27/share and a High Estimate of $1.53/share. During the same period in the previous year, the business posted $1.28 earnings per share.
Tiffany posted EPS of $0.84 and $932 million in revenue, compared to the consensus estimates of $0.72 per share and $934.74 million.
The firm also cited weakening fundamentals. This represents a $1.04 annualized dividend and a yield of 1.29%. The stock has received “0” rating after consensus analysis from analysts. Signet Jewelers Ltd. (NYSE:SIG)’s price to free cash flow for trailing twelve months is 32.90. Signet Jewelers Limited P/E (price to earnings) ratio is 13.31 and Forward P/E ratio of 8.86.
Stocks fell in light trading for a second day on Thursday as investors sifted through a mix of earnings reports. Finally, Zacks Investment Research cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th.
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A number of analysts rated the stock as well: 4 analysts believe that the stock is a STRONG BUY while 10 reported it as Buy.2 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL. Stock’s minimum price target estimates has been figured out at $113.00 while the maximum price target forecast is established at $149.24.
