UBS Group Increases Signet Jewelers (NYSE:SIG) Price Target to $126.00

Signet Jewelers (NYSE:SIGGet Free Report) had its price objective lifted by equities research analysts at UBS Group from $118.00 to $126.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 41.18% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Signet Jewelers in a report on Monday, March 9th. The Goldman Sachs Group raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Telsey Advisory Group restated a “market perform” rating and set a $96.00 price objective on shares of Signet Jewelers in a report on Thursday. Wall Street Zen raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Finally, Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Read Our Latest Research Report on SIG

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $89.25 on Friday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. Signet Jewelers has a 1 year low of $49.99 and a 1 year high of $110.20. The firm’s 50 day moving average price is $91.98 and its two-hundred day moving average price is $93.43.

Signet Jewelers (NYSE:SIGGet Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported $6.25 EPS for the quarter, beating analysts’ consensus estimates of $6.11 by $0.14. The company had revenue of ($4,468.50) million during the quarter, compared to the consensus estimate of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.62 EPS. As a group, equities analysts predict that Signet Jewelers will post 8.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Signet Jewelers

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new position in shares of Signet Jewelers in the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. acquired a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Signet Jewelers during the fourth quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Signet Jewelers by 111.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 633 shares of the company’s stock valued at $52,000 after purchasing an additional 333 shares in the last quarter.

More Signet Jewelers News

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Signet Jewelers Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Signet Jewelers (NYSE:SIG)

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