Susquehanna Bancshares Inc Initiates Coverage on Signet Jewelers Limited (NYSE:SIG)

Susquehanna Bancshares Inc began coverage on shares of Signet Jewelers Limited (NYSE:SIG) in a research note issued on Thursday, November 2nd, MarketBeat reports. The brokerage set a “neutral” rating and a $60.00 price target on the stock. Susquehanna Bancshares Inc’s price target would indicate a potential downside of 20.89% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Northcoast Research reiterated a “neutral” rating on shares of Signet Jewelers Limited in a research note on Friday, September 29th. ValuEngine upgraded shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of Signet Jewelers Limited in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Telsey Advisory Group increased their target price on shares of Signet Jewelers Limited from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Signet Jewelers Limited currently has an average rating of “Hold” and a consensus price target of $70.60.

Signet Jewelers Limited (NYSE SIG) opened at $75.84 on Thursday. Signet Jewelers Limited has a fifty-two week low of $46.09 and a fifty-two week high of $101.46. The company has a market cap of $4,630.00, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.40 and a quick ratio of 1.14.

Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company posted $1.14 earnings per share. Signet Jewelers Limited’s revenue was up 1.9% compared to the same quarter last year. equities research analysts predict that Signet Jewelers Limited will post 7.14 EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of SIG. BlackRock Inc. grew its position in Signet Jewelers Limited by 3,088.1% in the 1st quarter. BlackRock Inc. now owns 4,143,731 shares of the company’s stock valued at $287,037,000 after purchasing an additional 4,013,758 shares during the period. Dimensional Fund Advisors LP grew its position in Signet Jewelers Limited by 64.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,106,207 shares of the company’s stock valued at $69,960,000 after purchasing an additional 434,562 shares during the period. FMR LLC grew its position in Signet Jewelers Limited by 59.5% in the 2nd quarter. FMR LLC now owns 1,159,117 shares of the company’s stock valued at $73,303,000 after purchasing an additional 432,507 shares during the period. Sapience Investments LLC grew its position in Signet Jewelers Limited by 4,383.9% in the 2nd quarter. Sapience Investments LLC now owns 428,210 shares of the company’s stock valued at $27,080,000 after purchasing an additional 418,660 shares during the period. Finally, Wells Fargo & Company MN grew its position in Signet Jewelers Limited by 30.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after purchasing an additional 399,070 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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