Signet Jewelers (NYSE:SIG) PT Set at $54.00 by Cowen

Cowen set a $54.00 target price on Signet Jewelers (NYSE:SIG) in a research report report published on Saturday, November 25th. The brokerage currently has a hold rating on the stock.

SIG has been the topic of a number of other research reports. Zacks Investment Research raised shares of Signet Jewelers from a hold rating to a buy rating and set a $71.00 target price on the stock in a research note on Monday, September 4th. Wells Fargo & Company set a $97.00 price objective on shares of Signet Jewelers and gave the stock a buy rating in a research note on Wednesday, August 23rd. ValuEngine raised shares of Signet Jewelers from a hold rating to a buy rating in a research note on Monday, October 2nd. Bank of America set a $66.00 price objective on shares of Signet Jewelers and gave the stock a buy rating in a research note on Saturday, November 25th. Finally, Buckingham Research reissued a neutral rating and issued a $51.00 price objective on shares of Signet Jewelers in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $66.00.

Shares of Signet Jewelers (SIG) opened at $50.43 on Friday. The firm has a market cap of $3,027.85, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.00 and a beta of 0.94. Signet Jewelers has a one year low of $46.09 and a one year high of $99.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63.

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in Signet Jewelers in the third quarter valued at $202,000. Neuberger Berman Group LLC lifted its holdings in Signet Jewelers by 18.9% in the third quarter. Neuberger Berman Group LLC now owns 97,877 shares of the company’s stock valued at $6,514,000 after buying an additional 15,577 shares during the period. California Public Employees Retirement System lifted its holdings in Signet Jewelers by 9.1% in the third quarter. California Public Employees Retirement System now owns 170,736 shares of the company’s stock valued at $11,362,000 after buying an additional 14,236 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Signet Jewelers by 9.8% in the third quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock valued at $538,000 after buying an additional 721 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Signet Jewelers by 154.7% in the third quarter. Janus Henderson Group PLC now owns 44,448 shares of the company’s stock valued at $2,958,000 after buying an additional 26,999 shares during the period.

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Signet Jewelers 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 (NYSE:SIG)

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